What You Need To Know About Equity Release
Equity Release plans are designed for those over 55 who own their homes in Sheffield outright or only have a small mortgage. The equity you release will be paid as a tax-free lump sum or in instalments, and you won’t need to make repayments as long as you remain living in your home.
Unlike a standard mortgage, the money will only be repaid to the lender when the property is sold, which is typically when the owner passes away or moves into care. In the meantime, you can spend the money however you like, which might mean planning a once in a lifetime holiday, renovating your home, or clearing your debts. For a more in-depth explanation of how it works, see Equity Release explained.
Why Release Equity?
People choose to release equity from their homes for lots of reasons. Equity Release allows you to free up cash without moving house, so it’s a good option if you want to boost your finances but don’t want to leave the home you love. Common reasons to release equity include funding a home improvement project, particularly if you need to make your living space more accessible for the years to come. Some people are starting a business, while others want to treat their loved ones to quality time on a special trip. Whatever your plans, Premier Equity Release can help make them a reality.
By finding the right plan for your individual circumstances, we can help you get the most out of your money. Take a look at our customer stories to see how we have supported people like you through the process of releasing equity.
Why Premier Equity Release?
At Premier Equity Release, we take an ethical approach to releasing equity, which means tailoring our service to each individual client and always providing advice you can trust. We are an independent broker, so our advice is honest and impartial, and a member of the Equity Release Council, which means you can feel confident you are in expert hands.
During an initial phone call, we’ll get to know you and your finances before outlining how we could help. Ask plenty of questions – we want you to be able to make an informed decision, even if you decide that Equity Release isn’t right for you. Explore how we work to understand what to expect when you speak to one of our advisers.
Try the Equity Release Calculator
We’ve designed the Equity Release calculator to provide a quick estimate of how much money you could unlock from your home in Sheffield. To find out more, call us on 0808 1691979 for a confidential, no obligation chat with an experienced adviser, never a pushy salesperson in a call centre.