What is Equity Release?
Equity Release Explained
Those aged 55 and over who own their home in Woodbridge outright, or only have a small mortgage remaining, could be eligible for an Equity Release plan. There is no need to put your home on the market to release its equity and you can receive the tax-free cash as a lump sum or in instalments.
No repayments will be due while you live in your home, unlike a mortgage or loan, so you won’t see your monthly costs increase. The funds will be repaid when the property is sold instead, which is typically when the owner moves into care or passes away. For more details, Equity Release explained covers many of the most frequently asked questions about the process.
Should I Release Equity?
There are no restrictions on what you can buy with the equity you free up – you have complete freedom to spend the funds as you choose. Popular reasons for releasing equity include paying for home improvements, booking the holiday of a lifetime, or making a special purchase for you or a loved one. You may simply want to improve your quality of life by growing your savings pot. See our customer stories to discover how people like you have spent their extra cash.
How Premier Equity Release Works
Premier Equity Release is an independent broker and member of the Equity Release Council. We pride ourselves on our ethical way of working, which means we put you first, always offer straightforward advice, and will be on hand every step of the way. We will even advise you if we don’t think Equity Release is right for you.
During our first phone call, we will get to know you and your plans before detailing how we could help turn them into a reality. Our experienced advisers are friendly, open, and explain everything in a way that is easy to understand, with no pushy sales tactics or jargon.
This is a no-obligation chat and we encourage you to ask as many questions as you like, because we are here to help. Explore the process in more detail by reading how we work.
Get a Quick Estimate for Releasing Equity
Use our Equity Release calculator for a fast estimate of how much money you could unlock from the value of your home in Woodbridge. If you think releasing the equity from your property is the right way to go, call 0808 1691979 for a confidential chat about your finances.