How Does Equity Release Work?
Equity Release is the process of releasing some of the value of your home in Reading and turning it into cash you can use for anything you like. If you are 55 or over and own your own home outright, or only have a small mortgage remaining, you could be eligible for an Equity Release plan. The funds will be paid as a tax-free lump sum or in instalments and can be put towards whatever you wish, from home improvements to holidays in the sun.
Your monthly outgoings won’t increase, because no repayments will be owed while you remain living in your home. The money will only be repaid when the property is sold, either when the owner moves into care or passes away. Equity Release explained covers the process in more detail.
How To Spend Equity From Your Home
There are no limits on how you spend the equity you release from your home, so whatever your plans, Equity Release can help bring them to life. Many people put their money towards everyday costs like clearing debts or topping up their savings ahead of retirement. Others use the cash for a once in a lifetime purchase that they couldn’t previously afford. Releasing equity can improve your quality of life for the years ahead – see our customer stories for examples of how it could change the way you live.
Whatever you have in mind for your money, Premier Equity Release will find a plan that suits your individual circumstances and will guide you through the entire process, from your initial phone call right through to the transfer of funds.
Premier Equity Release: Why Choose Us?
Premier Equity Release is an independent broker, which means that we work with a wide range of lenders and provide impartial, straightforward advice. We are also an Equity Release Council member, so you can feel confident you are in expert hands. When you call us, you’ll speak to an experienced adviser, not a call centre or pushy salesperson, and you can trust the information we give you – which will include recommending if we don’t think Equity Release is the right option.
We are here to help you make an informed decision about your finances and the future because we know how much your money matters. Explore how we work for a step-by-step overview of what to expect.
Get in Touch About Releasing Equity
The Equity Release calculator will give you a quick estimate of how much equity you could release from your property in Reading, but for a more accurate quote and to take advantage of our expert advice, give us a call on 0808 1691979 for a no obligation chat.