What is Equity Release?
How Does Equity Release Work?
Equity Release plans are made for those aged 55 and over who own their home in Colchester outright or only have a small portion of the mortgage remaining. Equity Release lets you access the value of your property without putting it on the market, which means you don’t have to move house. Paid as a lump sum or in instalments, this money is tax-free and can be spent however you wish.
You won’t have to make repayments while you remain in your property, as unlike a mortgage or loan, the money will only be repaid when the property is sold. This is usually when the owner passes away or moves into care. For more details, see Equity Release explained.
What Can I Spend Released Equity On?
One key benefit of releasing equity is the money can be spent on anything at all, allowing you to improve your quality of life and make the most of the years ahead. Read our real-life customer stories for inspiration – including people who have funded family holidays or a new business venture.
At Premier Equity Release, we don’t mind what you want to use your money for, we simply aim to make it easier to find a plan that works for you. We do this by providing expert advice you can trust.
How Premier Equity Release Works
As an independent, ethical broker and member of the Equity Release Council, we put people first. We only want the best for you and your finances, so you can feel confident you will always receive honest, straightforward advice that is tailored to your individual circumstances. That includes advising you if Equity Release isn’t suitable.
The process starts with an initial phone call so we can get to know you and explain how we could help. This is a no-obligation chat designed to help you make an informed decision, so ask as many questions as you like. We want you to feel that you are in expert hands and know exactly where you stand when exploring Equity Release.
See how we work for a more detailed insight into the process.
Get in Touch About Releasing Equity
We have created the Equity Release calculator to give you an idea of how much equity you could release from your home in Colchester in just 60 seconds. And when you are ready to speak to an adviser, call 0808 1691979 for a confidential chat about your finances.