What is Equity Release?
What is Equity Release?
If you own your home in Bury St Edmunds outright, or only have a small mortgage remaining, and are over 55, you could qualify for an Equity Release plan. You can release equity from your home without putting it on the market and can receive the funds as a tax-free lump sum or in instalments.
Unlike a traditional mortgage, no repayments are taken while you live in the property. The lender will recover the funds when your home is sold, which is usually after the owner passes away or moves into long-term care. Equity Release explained covers how it works in more detail and answers some common questions you might have.
What Can I Release Equity For?
The money released from the equity inside your home can be used for anything you wish, with no restrictions on how the funds can be spent. Popular uses for the money include home improvements, holidays, clearing debts, or simply topping up savings for a rainy day. You’ll find lots of examples of how people like you use their tax-free cash in our customer stories.
At Premier Equity Release, our goal is to find the right plan for you, whatever you have in mind for your new savings.
Why Pick Premier Equity Release?
Premier Equity Release is member of the Equity Release Council and as an independent broker, we pride ourselves on our customer service. Our ethical way of working means we put you and your finances first, while always providing straightforward advice that is easy to understand. We will even explain if we think Equity Release isn’t right for you.
Starting with an initial phone call, we will explain how we could help you achieve your goals by releasing equity from your home. Those goals might be humble, or they might be huge, but either way, we are here to answer any questions you have.
You’ll be speaking to one of our friendly advisers, never an anonymous salesperson, and this chat is completely no obligation. See how we work for a more detailed overview of the process.
Contact Us About Releasing Equity
Using our Equity Release calculator is the fastest way to see how much money you could free up from your home in Bury St Edmunds. Once you’ve received an estimate, call us on 0808 1691979 for a confidential chat about your finances and take the first step towards a brighter future.