What is Equity Release?
What is Equity Release?
Equity Release is a way of accessing the money tied up in a house without placing the property on the market. Over 55s who own their own home in Birmingham outright, or only have a small mortgage, could be eligible for an Equity Release plan, and the money released can be spent on absolutely anything, from practical costs to once-in-a-lifetime treats.
The equity released from your home will be paid as a tax-free lump sum or in instalments, and unlike a traditional mortgage or loan, you won’t have to make monthly repayments while you remain in your property. The funds will be repaid when the property is sold, which is usually when the owner moves into long-term care or passes away. Take a look at Equity Release explained for more details.
Why Release Equity?
One of the best things about Equity Release is that the money you unlock can be used however you wish, whether you want to boost your savings pot for a rainy day, or splash out on a luxury holiday. Other popular reasons to release equity include funding home improvements, starting a business, or supporting loved ones. Whatever your plans for the future, releasing equity can help turn them into a reality.
Premier Equity Release will help you find a plan that matches your individual finances and lifestyle, offering straightforward advice that you can trust. To see what others have done with their money, explore our customer stories.
About Premier Equity Release
Premier Equity Release is an independent broker and member of the Equity Release Council. We are proud to take an ethical approach to releasing equity, putting you and your finances at the heart of all we do. You can trust us to always be honest and open – which includes recommending if Equity Release isn’t right for you.
Starting with a phone call to get to know you better, we will outline how we can help you through the process of releasing equity. Ask as many questions as you like during this no-obligation chat, and one of our experienced advisers will ensure you have all the answers you need to make an informed decision. See how we work to learn more.
Ready to Release Equity?
Use the Equity Release calculator for a quick estimate of how much money you could unlock from your home in Birmingham. Then, call our advisers on 0808 1691979 for a chat. You’ll be speaking to one of our friendly experts, never a pushy salesperson, so give us a call today.