What is Equity Release?
Equity Release: How it Works
If you are 55 or over and own your home in Norwich outright, Equity Release could allow you to free up funds for your future plans without selling the home you love. Releasing equity is also possible if you only have a small portion of your mortgage left to repay. This tax-free money is paid as either a lump sum or in instalments and can be used to fund anything you wish.
Unlike a mortgage or loan, you won’t have to make repayments as long as you live in your property. Instead, the money is repaid when the property is sold, typically when the owner passes away or moves into care. See Equity Release explained in more detail to find answers to the most frequently asked questions about releasing equity.
What Can I Release Equity For?
Equity Release gives you complete freedom to choose how you spend the money you unlock from your home. From home improvements to a holiday of a lifetime, paying off debts to supporting family members, the choice is yours. You may simply be looking for the financial security that boosted savings can bring. For an insight into how other people have transformed their lives by releasing equity, take a look at our customer stories.
Whatever you want to spend your money on, Premier Equity Release will find the plan that’s right for you, providing open, impartial advice at every stage of the process.
Why Premier Equity Release?
At Premier Equity Release, we specialise in a more ethical way of working. As a member of the Equity Release Council and an independent broker, you can feel confident that we want the best for you and your finances, which includes being completely honest if we feel that Equity Release isn’t right for you.
The process starts with an initial phone call which allows us to get to know you and understand your situation. We can then outline how we could help and answer any questions you have. We do this with no jargon, no pushy sales pitch, and straightforward advice that you can trust. Explore how we work to find out more.
Speak to an Adviser About Releasing Equity
For a quick estimate of how much equity you could release from your home in Norwich, use our easy Equity Release calculator. When you’re ready to learn more, our friendly advisers are ready to chat, so call 0808 1691979 to speak to a specialist about your money.