Helpful equity release advisors in Essex, UK
Equity release is a way that homeowners can tap into their property wealth without having to move out of their home. Decades of homeownership and rising house prices means that a lot of older people may have built up significant wealth.
At Access Equity Release, we are a team of equity release specialists working throughout Essex and the South East.
Award-winning equity release advice
Our team is impartial, professional and friendly and we can give you clear and realistic advice about what will best suit your circumstances. We always try to meet with our clients face-to-face and discuss in detail the risks and costs involved in equity release. Years of experience means that our quality advice will be tailored completely to you.
If you do decide it is the best option for you, we can look across the market at various products – we are not tied to a fixed set of lenders. We ensure that working with our specialists means that you have the confidence to make an informed decision that is right for you.
There are many reasons why people might wish to release equity from their homes.
This might include:
- You may want more income to put towards small luxuries and a generally better standard of living
- You may wish to pay off loans, existing mortgages or other debts
- You would like some extra capital, but you do not want to move out of your home
- You may wish to gift money to children or loved ones to help them get onto the property ladder or fund educations
- You may wish to renovate your home, adding value in the process
- You may wish to travel more or take a luxury holiday
To book a consultation with one of our brokers, please dial 0333 000 2097.
Why choose equity release in Essex: is it right for you?
There are a number of equity release options, but they are normally aimed at homeowners who are 55 plus and provide cash in either a lump sum or in several smaller sums. The money is tax-free and can be spent as you wish. Use our online equity release calculator to estimate how much you could raise.
We provide a professional and efficient service and we are members of the Equity Release Council, which offers consumers additional protection. Equity release is an important financial decision and we take time to understand your needs. There is a lot to take in and process, which is why there is never any pressure to proceed and we will speak in jargon-free language. We aim to make the process as simple as possible and will be with you every step of the way.
Alongside equity release, we also have access to other products that might suit you better, including residential mortgages. We have been recognised for our work and won the Equity Release Advisors of the Year 2019 award at the MoneyFacts Investment Life and Pensions Awards and were finalists at the Equity Release Awards 2019.
Lifetime Mortgage Plans in Essex
Lifetime Mortgage Plans allow you to raise capital secured against the value of your property usually at a fixed rate of interest. The plans can be on a “roll-up” basis, where no monthly payments are required, or an “interest-only” basis where you can choose to pay the interest, normally on a monthly basis.
The balance (plus any interest, if applicable) is typically paid off upon the sale of the property, once the homeowner has moved into long-care arrangements on upon their death. Read our blog on Lifetime Mortgages and care in later life.
You could be eligible if:
- You’re a homeowner aged 55 or over (if you are married, in a civil partnership or co0-habiting, you will both need to be over 55)
- You live permanently in your home and it is your main residence
- You are mortgage-free or only have a small mortgage
- The property is in the UK – different lenders have different borrowing criteria that help them decide what they will accept
We only recommend plans with a no negative equity guarantee that means you nor your estate will ever have to pay back more than your property is sold for. Use our calculator to see how much money you could release.
Equity release and the property market in Essex
Access Equity Release can provide helpful and unbiased advice about lifetime mortgages and other forms of equity release. Essex has long been considered a very desirable place in the UK to live and if you invested in Essex property some time ago, the chances are that you will have seen it increase in value over time. The county offers both busy cities and the peace of quiet of villages, it is also just a stone’s throw from the capital and has great transport links.
According to Rightmove in 2020, the average price of houses in Essex was just over £380,000, whilst detached properties in the county sold for £525,000. The most common sales were semi-detached properties that sold for an average of £380,000. In 2020, house prices were up 6 per cent since 2019. In 2020 according to figures, house prices had enjoyed their biggest growth for six years.
Desirable areas within the county include Colchester, Saffron Walden, Manningtree, Purfleet, and Basildon. If you are thinking about ways in which to make your retirement years more comfortable and are thinking about equity release, please get in touch. We know that many people do not want to leave the property that they have resided in for many years and with a lifetime mortgage, you will remain the owner of your home until you pass away or move into long-term care.
One of our team can meet with you and will be able to talk to you about your financial aims and the wider impact of equity release. All initial consultations are held free of charge and without obligation.
“I would strongly recommend the company to friends due to the excellent advice given, all our needs were met and questions answered satisfactorily.”
MR AWH
Access Equity Release Quality of Service
The highest compliment you can give to any equity release adviser is a recommendation to friends or family.
That’s why feedback like this is so valuable to us. At Access Equity Release we pride ourselves on our quality advice and excellent customer service. We mentor and train our advisers throughout their career to ensure the very best practices are consistent across the board.
Equity release is such an important financial decision and has a big impact on people’s later life goals such as; improving your retirement with more cash-flow, helping to renovate your home, buying a new car, travel and even helping out your loved ones.
Responsible Advice on Equity Release
Alongside the benefits, there are implications to consider for everyone who looks into releasing equity. That is why it is vital to speak to a qualified adviser who you can trust and work with openly to make informed decisions. You need someone who will listen to your needs, thoroughly assess your circumstances and show you your possibilities. Here’s a guide to help you choose your equity release adviser.
Case study
After an initial presentation meeting, MR AWH and his adviser went through his options in great detail. He was presented with all the facts including costs, fees, repayment options and interest options. His adviser answered all questions and searched the market in order to find the deal that best suited the client. That work allowed MR AWH and his adviser to come to a well-informed, balanced decision on the best avenue to take.
Would you like to find out if equity release is a suitable option for you? Would you like to know more about the different options available with a lifetime mortgage? Get in touch today. Where equity release is not suitable, our team can advise on other forms of lending including remortgages and second charge lending. We do not recommend equity release to anyone if it is not suitable.
That said, many people are surprised to learn just how beneficial it can be to release equity that is locked up inside the home. It can be a life changing experience and enhance quality of life for you and your family. There are many myths that persist about equity release, so it pays to know the facts. Our qualified equity release advisers are perfectly placed to help you make the right choice.
For more information from our Essex equity release brokers, call us now
To find out more about equity release, please call our qualified advisors on 0333 000 2097. Alternatively, please send us an email at info@accessequityrelease.com
One of our experienced equity release advisers will come to see you in the comfort of your home in Essex. We travel far and wide, including: –
Abbotsweld
Barking
Basildon
Benfleet
Billericay
Braintree
Brentwood
Buckhurst Hill
Burnham On Crouch
Canvey Island
Chelmsford
Chigwell
Chingford
Clacton On Sea
Colchester
Dagenham
Dunmow
Enfield
Epping
Frinton-on-sea
Gants Hill
Great Dunmow
Halstead
Harlow
Harwich
Ongar
Hockley
Hornchurch
Ilford
Ingatestone
Leigh-on-sea
Loughton
Maldon
Manningtree
North Ockenden
Ongar Purfleet
Rainham
Rayleigh
Rochford
Romford
Saffron Walden
Shoeburyness
South Ockendon South Okendon
Southend
Southminster
Stanford-le-hope
Stansted
Theydon Bois
Thurrock
Upminster
Waltham Abbey
Walton On The Naze
Westcliffe On Sea
Wickford
Wivenhoe
Woodford Green
FIND OUT MORE
If you would like to know more about equity release then please get in touch.
