What is Equity Release?
Equity Release is a way of tapping into the value that is tied up in a property while still living in the home you love. If you are over 55 and own your home in Manchester outright, or only have a small portion of your mortgage remaining, you could be eligible for an Equity Release plan. The money you unlock from your property will be paid as a tax-free lump sum or in instalments and can be spent on absolutely anything, from holidays to home improvements.
You don’t have to worry about your monthly bills increasing, as unlike a mortgage or loan, you won’t have to make repayments while you remain living in your home. The money will be repaid to the lender when the house is sold, which is typically when the owner moves into care or passes away. Equity Release explained outlines how it works in more detail.
Why Should I Release Equity?
The cash you receive through releasing equity can be used however you wish, whether you want to boost your savings for retirement, start a new business, or simply treat the family to something special. Many people release equity to fund a renovation project at home, which is handy if you need to make your living space more accessible for the years to come.
Premier Equity Release has helped hundreds of people like you to find the right plan for their individual circumstances – see our customer stories for real-life examples of how we could help you make the most of your money. Thanks to our honest, straightforward advice, the whole process will be simple and stress-free.
The Premier Equity Release Difference
We understand that Equity Release can be a confusing and daunting subject, which is why we aim to offer jargon-free, easy to understand advice you can trust. As an independent broker and member of the Equity Release Council, we put you and your finances at the heart of everything we do, which even means advising you if Equity Release isn’t the right option.
Contact our team and you’ll be speaking to an experienced and friendly adviser, not a pushy salesperson in an anonymous call centre. By getting to know you better, we can offer advice that is tailored to you, while answering any questions in an honest and open way. Explore how we work to learn more.
Find Out More About Releasing Equity
For a quick estimate of how much money you could unlock from your property in Manchester, use the Equity Release calculator, then call us on 0808 1691979 for a confidential, no obligation chat about your finances