Equity Release: How It Works
Equity Release enables homeowners to access part of the value of their property without selling up or leaving the home they love. If you own your house in Milton Keynes outright, or only have a small mortgage, and you are over 55, you could be eligible for an Equity Release plan. You’ll receive the money as a tax-free lump sum or in instalments, and you won’t have to make monthly repayments while you remain living in your home.
The money will be repaid to the lender when your property is sold, which is usually when the owner passes away or goes into care. With no repayments due until then, you don’t need to worry about your household bills increasing. See Equity Release explained for more details.
How To Spend the Equity You Release
The best thing about releasing equity is that you have the freedom to use the money however you wish. There are no restrictions on how you spend the cash, so whatever your plans, Equity Release can help bring them to life. Popular reasons to release equity include funding home improvements, taking a special trip, or clearing debts. Explore our customer stories to see how releasing equity has changed the lives of people like you.
With help from Premier Equity Release, you can find the right plan for your personal circumstances, always supported by our experienced advisers with advice you can trust. We don’t mind what you’re planning to spend your money on, we just want to make it as easy as possible to access the value tied up in your home.
Why Choose Premier Equity Release?
We are proud to be an independent broker and member of the Equity Release Council. We put you and your finances first, which means offering honest, straightforward advice that is easy to understand and tailored to you. This includes recommending if we don’t think Equity Release is the right option.
Starting with a no obligation phone call, we will get to know you and your circumstances before outlining how we could help. Ask as many questions as you like, and your adviser will give you all the information you need to make the right choices about your money. Discover how we work to learn more about the process.
Talk To Us About Releasing Equity
Enter a few simple details into the Equity Release calculator for a fast estimate of just how much money you could release from your property in Milton Keynes. When you’re ready to find out more, call us on 0808 1691979 for a free, confidential chat with one of our advisers.