What does Equity Release mean?
Equity Release is a way to gain access to part of the value of your property without selling your home. Over 55s who own their home in Nottingham outright, or only have a small mortgage, could be eligible for an Equity Release plan, and the tax-free money can be paid as a lump sum or in instalments. Once you have the money, you can spend it on anything at all, from covering practical costs to fulfilling personal goals.
Unlike a typical mortgage, you won’t have to make repayments while you remain living in your property, so you won’t see an increase in your monthly expenses. The funds will be repaid to the lender when the property is sold, which is usually when the owner passes away or goes into care.
Take a look at Equity Release explained to see how it works in more detail.
How To Spend Equity From a Property
You have the freedom to use the equity you release from your property however you like. Popular options include holidays, home improvements, new business ventures, investments – the choice is yours. Many people simply want to grow their savings ahead of retirement or enjoy a better quality of life. Our customer stories show real-life examples of how people like you have spent their money.
Premier Equity Release will help you find a plan that matches your individual needs and circumstances, so you can make the most of your money. Throughout the process, you’ll receive honest, impartial advice you can trust from our experienced advisers, from your first phone call, right through to the day the funds are transferred.
How Premier Equity Release is Different
As a member of the Equity Release Council and an independent broker, Premier Equity Release has a wealth of experience in helping people unlock the value of their home. When you get in touch, you’ll speak to one of our expert advisers, never a pushy salesperson, and we will always put you and your finances at the heart of everything we do. That even means advising you if Equity Release isn’t right for you.
We’ll provide you with jargon-free, easy to understand information to help you make the right decision about your finances, whatever you have in mind for your money. For a step-by-step overview of the process, explore how we work.
Find Out More About Releasing Equity
Fill in a few simple details and our Equity Release calculator will provide you with a quick estimate of how much money you could release from your property in Nottingham. This is only an estimate though, so for a more accurate idea of what you could get, plus the chance to ask our advisers any questions you might have, call us on 0808 1691979 for a confidential chat.