How the value of your Hertfordshire property may have grown – a big benefit of equity release
Investing in property has always been considered wise because historically, its value has increased over the long term Whilst the growth may not be totally linear, the trend has overall been positive in the long-term. If you bought your property in Hertfordshire some time ago, you will have seen the value rocket over the years.
In November 2020, according to Plumplot, the average property price in the county was £477,000, an increase of £18,600, or four per cent, over the previous twelve months. This was compared to an average property price in the UKof £308,000. A local newspaper reported in September 2020, that the areas seeing the biggest increases were Hatfield and the surrounding smaller villages, Brookmans Park, Essendon, and Welham Green; and towns such as Hitchin, Ware, Borehamwood, Hemel Hempstead and nearby areas such as Bovingdon and Flaunden. In Hatfield and Ware, prices had jumped over 15 per cent.
We are always happy to come to meet you face-to-face and discuss your options. We will always look at your wider financial situation and get to know you and your aims, so we can offer you advice suited to your personal needs. As well as in-person meetings, we are happy to organise video calls over platforms like Zoom, or call you via the telephone, should you prefer.
If you are taking your first steps into looking at equity release mortgages, you may be wondering how much money you may be eligible to release. For a guide, use our handy equity release calculator.