Do you need professional equity release advice in Cardiff, Wales?

Are you looking for professional equity release mortgage brokers in Cardiff or nearby in Wales? Are you wondering about the benefits of Lifetime Mortgage products? If you are considering releasing equity from your property, you must seek expert advice. We are all living longer and wish to enjoy our retirements and for many of us equity release – sometimes called over 55 home loans – can be a good way to access more money.

You must have all the information that you may need, including knowing about the risks associated with retirement mortgages and equity release products. Here at Access Equity Release, we are award-winning equity release specialists who can help you at any stage of your equity release journey.

Our equity release company is not tied to any specific products and we have access to the whole of the market, so we can search across hundreds of products to find one that suits your need and circumstances. We provide a professional, thorough, and friendly approach at all times and will always welcome questions.

Would you like to book a no-obligation and free-of-charge equity release consultation? This can take place in your home or another convenient location or we can meet over a video platform, such as Zoom. To book an appointment, please call 0333 000 2097.

See how much you can release

Why release equity in Cardiff? How the market has changed

Equity release has grown in popularity in recent years in Cardiff. This financial product allows homeowners over the age of 55 to unlock part of the financial value in their home, so they can help manage their finances later in life.

Equity release is completely tax-free and the money can be used as you wish. If you are thinking about equity release and the amount of money you could potentially release, see our equity release calculator.

Equity release is a significant financial transition that will impact you and your wider family. If you bought your property some time ago, the chances are it will have vastly increased in value over that time. Cardiff has long been a hugely popular city. It offers wonderful entertainment, retail, and culture and access to many green spaces.

According to the property site Rightmove, in 2020 the majority of property sales during 2020 were terraced homes that fetched an average of just over £243,000. Semi-detached houses sold for an average of £292,000, with flats fetching over £155,000. Overall prices had grown by 10 per cent from 2019 and 15 per cent from 2018.

See how much you can release

Cardiff Lifetime Mortgages: What is it important to know?

Equity release mortgages are a range of financial products that are only available to homeowners over the age of 55. These products broadly fall under two categories: Lifetime Mortgages or Home Reversion Schemes.

A Lifetime Mortgage is where you take out a mortgage secured against your property while retaining ownership. Interest will roll up for as long as the loan is in place, or you can choose to pay the interest to avoid it building up. When the homeowner (or the last remaining homeowner) dies or moves into long-term care, the loan amount and any accrued interest are paid back from the sale of the house.

Lifetime Mortgages are the vastly more popular choice. Home Reversion Schemes are where you sell all or part of your home to a loan provider in return for a tax-free lump sum or smaller, regular payments. As with a Lifetime Mortgage, you are entitled to live in your property rent-free until you die or move into care.

The advantages of Lifetime Mortgages include the fact there is no requirement to make any monthly repayments unless you wish to do so. You have the right to remain in your home until you die but you can move if you wish. There are products with many different features including:

  • The option to pay off all or some of the interest to avoid it building up
  • A drawdown option to access the money when you need it
  • An option to ringfence some of the equity for your beneficiaries

See our FAQS for some common questions about Lifetime Mortgages. We also have a series of equity release seminars available.

Try our easy-to-use calculator

Request a callback from our advisors

    We are a recommended equity release company in Cardiff

    Equity release is a complex area of financial planning and we will take time to understand your aims and will look across the whole of your finances, so we can explore your options with you. We also have access to residential mortgages and retirement interest-only mortgages.

    We are regulated by the Financial Conduct Authority (FCA) and are proud members of the Equity Release Council (ERC), so we adhere to their Code of Conduct. This includes only recommending plans with a no-negative equity guarantee, so you will never owe more than your property is worth.

    • Free and no-obligation equity release consultation and advice
    • Access to the whole of the market
    • No jargon – only clear communication
    • Equity Release Advisors of the Year at MoneyFacts Investment Life and Pensions Awards 2019

    Equity release can be used for holidays, home improvements, to help family, and for many other reasons. Please see our blog: How can I use the money I release from my home?

    Speak to one of our friendly team
    Call our equity release team on 0333 443 9825