If you are considering an equity release product we always recommend that you talk to one of our qualified advisers first. They will be happy to discuss your needs and help you make a decision about whether equity release is right for you.
If you are considering releasing equity from your home it is important to know the value of your home first, then you can begin calculating how much cash could be available. However, we do have some tips which could help.
It is important to remember that just like with regular mortgages, there will be costs to pay when releasing equity from your home. We have outlined the typical costs below but make sure you research the products on the market thoroughly and take appropriate advice.
It is a big financial commitment and deciding to purchase an equity release product should not be considered lightly. Everyone’s circumstances are different and what’s right for you may not be right for someone else.
It is common for people over 55 to decide to downsize or move to a more suitable property. A standard equity release product should allow you to move house and transfer your mortgage to a new property.
We have outlined in our other blogs the types of equity release products available and how they differ. It is important that you seeks advice before committing to these products. Using equity release can affect any means-tested benefits you may receive, including Pension Credit. […]
The time it takes to apply for equity release will depend on your provider and your circumstances but it is best to anticipate it taking a couple of months. Much like taking out a mortgage, you will need a solicitor to help complete forms and to liaise with your lender. […]
We have outlined in other Access Equity Release blogs the criteria you must meet to release equity from your home. You must be over 55 for a lifetime mortgage and often over 65 for home reversion, you must own your home and it must be of a certain value. […]
During client visits amidst the ongoing COVID 19 outbreak, we will be taking note of government guidance and ask all of our advisers and clients to take precautions to ensure the safety of all parties. Please click the link below to see the full policy. AER Safety & Welfare Policy
From the 27th July 2020 we will resume in person consultations with our clients.
We always put the welfare of our clients and advisers first.
All of our advisers will follow strict social distancing guidelines, our advisers will have adequate PPE and will follow any steps our clients feel necessary for their comfort and safety. If there any specific precautions or protocols you would like our advisers to follow relating to the visit or your home please make our client services team aware by emailing, firstname.lastname@example.org or calling us directly on 0333 000 2097.