What does Equity Release mean?
Equity Release is a way to tap into the money that is tied up in your property, without needing to sell your home or move out. If you own your home in Oxford outright or only have a small mortgage, and you are over 55, you could qualify for an Equity Release plan. The money is tax-free and can be paid as a lump sum or in instalments and is yours to spend however you wish.
No repayments will be due while you remain living in your home, so there won’t be an increase in your monthly outgoings. The funds will be repaid when the house is sold, which is usually when the owner goes into care or passes away. Equity Release explained has more details on how it works.
How To Spend Released Equity
Many people have a plan in mind when releasing equity, which might be a renovation project, a luxury trip, or investing in a new business venture. Others simply want to boost their savings and enjoy a better quality of life in the years to come. There are no restrictions on how you spend the money, so you have complete financial freedom. See our customer stories to discover how others have put their money to good use.
Premier Equity Release will help you find a plan that works for you, taking into account your personal circumstances and finances. We pride ourselves on offering advice you can trust, so you always feel like you’re in expert hands with our experienced team.
Why Premier Equity Release?
As an independent broker and Equity Release Council member, Premier Equity Release takes an ethical approach to everything we do. That means putting you and your finances first and explaining everything in a simple, straightforward way – including advising you if Equity Release isn’t the right option.
Your first chat with us is completely confidential and no obligation, so ask as many questions as you need to make an informed decision about your money. You’ll be speaking to one of our friendly advisers, not a pushy salesperson, and they will guide you through the entire process, right up to the day the funds are transferred. Explore how we work for a step-by-step guide to what to expect.
Find Out More About Releasing Equity
Enter your details into the Equity Release calculator and you’ll get a quick estimate of how much equity you could release from your home in Oxford. Our advisers can provide a more accurate quote and answer any questions you have, so give us a call on 0808 1691979 for a no obligation chat about your finances.