Personalised equity release advice in Derbyshire, UK

Access Equity Release is an independent and award-winning equity release company offering clients in Derbyshire the best advice and assistance regarding releasing equity and lifetime mortgages. We are passionate about delivering excellent personal customer service throughout the whole equity release process from start to finish.

We understand that many people find it hard to discuss their finances openly with a financial advisor. However, our team will always make you feel comfortable and never put you under any pressure. We can help you understand more about equity release and whether it is the right choice for you.

Our advisors have been in the financial industry for many years and are equity release specialists, meaning that this is their sole focus. We can use our knowledge and experience to guide our clients through the equity release plans available and we will help you understand the different options available to you. We are completely independent and have access to the whole of the equity release market, meaning that we are not tied to a panel of lenders. This means that we will always give advice and find a product that suits your personal situation and requirements. We also have access to other products, including residential mortgages and retirement interest-only mortgages.

Equity release is a way to access money – known as the equity – that is within your home. If you are a homeowner over the age of 55, you may be eligible to take out an equity release plan. The money is tax-free and can be used exactly as you wish. Whether you want a new kitchen or a dream holiday or want to help your children get on the property ladder, we can help you navigate the process of equity release.

To book a no-obligation consultation, call us now on 0333 000 2097.

Lifetime mortgages and other equity release schemes in Yorkshire

To be eligible for a lifetime mortgage, you need to be a UK homeowner, aged over 55. The money you release can be spent in any way you like and there are typically no monthly repayments to make, although this is an option if you wish to service the loan. You may stay in your home for the rest of your life until you decide you want or need to move, or you move into long term residential care. We have access to lifetime mortgages from the whole of the market and will always source the most appropriate mortgage for your individual needs. Read our blog on: Does equity release affect pension credits?

Lifetime mortgages, sometimes called over 55 home loans, offer a number of benefits. Instead of making monthly repayments, the interest accrued on your lifetime mortgage is rolled up. This is known as compound interest and the loan, plus the interest, are re-paid when the plan comes to an end. Interest rates are low and there are plans available where you can choose to pay off the interest. There are many flexible features, including the option to receive the money in a lump sum or to access a ‘drawdown’ facility, where you can receive the money in smaller instalments. The other type of equity release products are home reversion schemes but these are far less popular.

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Derbyshire property prices: Why release equity from your home?

Buying a house is always a long-term investment, offering the best and most reliable returns. If you purchased a Derbyshire property some time ago, it will most likely have increased in value over time. The county boasts stunning countryside, fascinating history, and well-connected commuter links.

According to Rightmove in 2020, Derbyshire had an average value of over £216,000, with detached properties fetching an average of just over £316,000. Semi-detached homes were the most popular sales, with the average house fetching £182,000, whilst terraced properties made £147,000. Sold prices in 2020, were 4 per cent up on 2019 and 7 per cent on the peak of 2018. The Bank of Scotland’s 2019 Quality Of Life Survey, gave the prize to the Derbyshire Dales. Six out of eight local authorities made it into the top 250 nationally.

If you are thinking about being able to enjoy a more comfortable retirement with more money to spend as you wish, please call our team of qualified equity release specialists.

To find out how much money you could raise, please use our handy equity release calculator.

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Why choose to release equity in Derbyshire? Some common reasons

Why should you consider equity release in Derbyshire? The challenge when you reach retirement is ensuring that your money will last throughout the rest of your life. This is when homeowners may look at alternative methods to increase their retirement income, alongside their pensions and any savings they may have. Sometimes they may wish to release funds via equity release.

Popular reasons for equity release include:

  • Paying debts, loans, or an existing residential mortgage
  • Holiday funds
  • Home or garden improvements
  • Gifting money to friends or family
  • Helping with regular bills
  • Making a substantial purchase, such as buying a new car and holiday home
  • Paying for care at home or private medical costs

We can help you understand the risks and benefits of equity release. We can take you through the process step-by-step and encourage family members to be involved in discussions. See our blog on: What is the role of an equity release advisor?

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    Call our equity release team on 0333 443 9825

    To book a free consultation with our Derbyshire equity release brokers, ring now

    To understand more about equity release in Derbyshire, please book a no-obligation consultation now on 0333 000 2097. Alternatively, please email info@accessequityrelease.com and we can book a time that is convenient to you.

    Appointments available in :-

    Alfreton Allenton Allestree Alvaston Ambergate Ashbourne Ashover Bakewell Bakewelll Belper Bolsover Borrowash Buxton Chapel-en-le-frith Chesterfield Chinley Clay Cross Clowne Derby Dronfield Glossop Hadfield Heanor High Peak Hope Valley Ilkeston Matlock New Mills Ockbrook Repton Ripley Staveley Swadlincote Whaley Bridge Wilmorton Wirksworth