What Is Equity Release?
While you would typically only make money from your home when it was sold, Equity Release allows you to tap into the equity that is tied up in your property without placing your home on the market. If you are 55 or over and own your home in Newcastle outright, or only have a small mortgage, you could qualify for an Equity Release plan, and spend the money however you wish.
The funds will be paid as a tax-free lump sum or in instalments and, unlike a traditional loan, you won’t have to make repayments while you live in your home, so your monthly costs won’t increase. Instead, the money will be repaid when the property is sold, usually when the owner moves into care or passes away. Check out Equity Release explained for more detail on how it works.
How To Spend Released Equity
There are no restrictions on how you spend the equity you release from your home – from holidays to home improvements, you have complete freedom to use the cash however you like. Maybe you want to top up your retirement fund or treat the family to a special holiday. Whatever a brighter future looks like for you, Equity Release can make it a reality. See our customer stories for real-life examples.
Finding the right Equity Release plan is simple with the support of Premier Equity Release because we focus on providing jargon-free, easy to understand information to help you make the best decision for your future.
Working with Premier Equity Release
When you come to Premier Equity Release, you’ll benefit from the honest, impartial advice that we offer as an independent broker, plus the expertise we have as a member of the Equity Release Council. We tailor our advice to match your individual circumstances, which even means recommending if releasing equity isn’t quite right for you.
We are here to help you make the right choices about your money and put your finances first in everything we do. Starting with a no obligation phone call, you’ll speak to one of our experienced advisers, who can answer any questions you have and explain more about the process. To find out more, explore how we work.
Ready To Chat About Releasing Equity?
Pop a few details into the Equity Release calculator for a quick estimate of how much money you could release from your home in Newcastle. To learn more, speak to one of our friendly advisers on 0808 1691979 – a no obligation call that is 100% confidential.