What is Equity Release?
What is Equity Release?
Equity Release turns the equity tied up in a property into cash that can be used for a variety of things. If you are 55 or over and own your home in King’s Lynn outright, or only have a small mortgage remaining, you could be eligible for Equity Release. The money released is paid as a tax-free lump sum or in instalments and can be spent on whatever you wish.
While you remain in your home, there will be no repayments due, so you won’t see your monthly bills increase. Instead, the funds will be repaid to the lender when the property is sold, either when the owner moves into care or passes away. See Equity Release explained for a more detailed overview.
What Can I Spend Released Equity On?
There are no limitations to how you can spend the equity released from your home. Popular reasons for releasing equity include funding home improvements, enjoying a once-in-a-lifetime holiday, or paying off debts. Perhaps you simply want to boost your savings, or maybe you are planning to start a new business. Whatever is on your wish list, Equity Release can help improve your quality of life, however that might look for you. Our customer stories include examples of how people like you have spent their cash.
Premier Equity Release will find a plan that matches your needs while offering friendly, impartial advice at every step, so you will always know exactly where you stand.
Why Premier Equity Release?
As a member of the Equity Release Council and an independent broker, Premier Equity Release puts ethical working at the heart of everything we do. You will always receive simple, straightforward guidance from our team, which includes telling you if Equity Release isn’t the right option.
Starting with an initial phone call with one of our advisers, we will learn more about you and your situation before exploring how Equity Release could improve your finances. Ask as many questions as you like during this no-obligation chat, and we’ll provide jargon-free answers that are easy to understand. Learn more about how we work to get an idea of the process following your initial call.
Speak to an Equity Release Adviser
When you speak to Premier Equity Release, you’ll be chatting to a friendly and experienced adviser, never an anonymous call centre operative or pushy salesperson. Before giving us a call, use the Equity Release calculator for a quick estimate of how much money you could unlock from your home in King’s Lynn. When you are ready to learn more, call 0808 1691979 for an informal chat.