Ethical equity release advice in Leicestershire, UK

In our later years, there are many reasons why we may want to release equity from our homes. Equity release allows homeowners in Leicestershire and throughout the whole of the UK to access tax-free funds without having to sell home or move. This can particularly appeal to people who have lived in their homes for a long time and who wish to stay there.

With equity release mortgages, there are no rules about how money is spent. Whether you want to help one of your children pay for a new home or for education for grandchildren, you wish to install a new bathroom or kitchen, or you would like to pay for private care at home or private medical costs, equity release can allow you to do this.

Here at Access Equity Release, we are trusted equity release specialists with a wealth of knowledge and experience in this sector. We are completely independent, so unlike many other equity release companies, we are not tied to any panel of lenders and can search across hundreds of products to find the right one for you. No person’s financial situation is ever the same as another person and this is why it is crucial to seek expert personal advice.

We pride ourselves on our depth of expertise. We have even received recognition within the industry for it; we were the Equity Release Advisor of the Year 2019 award winners at the MoneyFacts Investment Life and Pensions Awards and were finalists at the 2020  Awards. We are also FCA-regulated and proud Equity Release Council members, meaning we abide by their strict rules. We enjoy getting to know our clients and work with them to always provide the best solutions. Equity release is not always the right option for everyone and we can also advise on alternative options, such as retirement interest-only mortgages. We always speak in clear language and take time to ensure you are armed with the information you need to make the right decision for you.

For an equity release consultation, completely free of charge, please call us now on 0333 000 2097.

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Thinking of releasing equity in Leicestershire? A property overview

Did you know that British people have amassed over £4trillion in property wealth? Bricks and mortar have long been considered the best place to invest our hard-earned money. Property investment can take many forms but for the large majority of people, they invest in the home that they live in and have seen its value increase over time. It is likely that a property is any household’s largest asset.

With many bustling towns, picturesque villages, and pretty countryside, Leicestershire has long been thought of as a wonderful place to live. History buffs enjoy the magnificent Belvoir Castle near Grantham and other smaller castles in the area, whilst environmentalists love the 200 square-miles of National Forest.

In 2019, a report from Zoopla said that house prices in Leicester had increased more than any other city over the previous year. According to Rightmove in 2020, average house prices stand at over £247,000. Detached properties sold for an average of over £345,000, whilst terraced properties, fetched over £177,000.

For over 55’s looking to release equity in your home, we can come to meet with you, do a video call or a telephone call, to chat through your aims and financial situation. Any initial consultation is free of charge with no obligation to proceed. We will ensure that you have all your initial questions answered and we can leave you to consider what we have said, with no pressure or timeline.

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Types of equity release mortgages in Leicestershire

Equity release can provide financial freedom for many people living in Leicestershire. Broadly, there are two equity release mortgages – lifetime mortgages and home reversion plans. The most popular type is a lifetime mortgage and there are hundreds of different lifetime mortgages, all with different features and benefits.

A lifetime mortgage is similar to a traditional mortgage:

  • You retain 100 per cent home ownership
  • You can sell your property, subject to possible early redemption penalties
  • You can move to another home, subject to certain criteria being met

However, unlike a residential mortgage, you are not obliged to pay interest payments throughout the term. These can be left to ‘roll-up’ and accumulate. The mortgage, including any interest, is only paid once the property is sold after you, or if in joint names, the last survivor either dies or moves into long-term care.

Another difference is the way that the loan sum is calculated. For lifetime mortgages, this will depend on the age of the youngest applicant, health considerations, and property valuation. The rate of interest is fixed for life. To discover how much you could raise, please use our equity release calculator.

explainer video thumb - Equity Release Advisers in Leicestershire
explainer video thumb - Equity Release Advisers in Leicestershire

Benefits of retirement mortgages and equity release in Leicestershire

There are loads of benefits to releasing equity in Leicestershire. You may wish to receive your tax-free money as a lump sum, or some products allow smaller instalments of money or the ability to ‘drawdown’ cash, so you can take more as and when you need it.

Equity release – sometimes called over 55 home loans – can help to reduce inheritance tax. The money can be used as you wish and common uses include:

  • To go on a once-in-a-lifetime cruise, safari or other holiday or to travel more
  • To have more cash for everyday living costs
  • Repaying a mortgage or other debts
  • Home improvements, such as building a new extension or renovation
  • Helping family members, such as helping first-time buyers get onto the property ladder – read our blog on the Bank of Gran and Grandad
  • Private medical care or care at home
Try our easy-to-use calculator

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

    Here are some answers to the most frequently asked questions about equity release in Leicestershire.

    Yes, an interest-only lifetime mortgage allows you to make monthly repayments. As long as you keep up with these payments, the amount you owe will never increase. Unlike conventional mortgages, the interest rate for lifetime mortgages can be fixed for life.

    To be eligible for equity release in Leicestershire you must fall into a handful of criteria. These include: You must be over 55; you must be a homeowner and own property in the UK; and your property must be worth a minimum of £70,000. The minimum age and property value will vary between product providers.
    With a lifetime mortgage – the most popular type of equity release plan – you will always remain the owner of your property. A lifetime mortgage is a loan secured against your Leicestershire home.

    Get in touch with our equity release company in Leicestershire

    Our equity release experts are here to take your call. Please contact us on 0333 000 2097 or email info@accessequityrelease.com

    Appointments available in :-

    • Anstey
    • Ashby-de-la-Zouch
    • Aylestone
    • Birstall
    • Braunstone
    • Broughton Astley
    • Coalville
    • Countesthorpe
    • Desford
    • Earl Shilton
    • Glenfield
    • Groby
    • Hinckley
    • Ibstock
    • Leicester
    • Loughborough
    • Lutterworth
    • Market Harborough
    • Markfield
    • Melton Mowbray
    • Oadby
    • Oakham
    • Ratcliffe On The Wreake
    • Rutland
    • South Wigston
    • Syston
    • Thornton
    • Thurmaston
    • Uppingham
    • Whetstone
    • Wigston
    home-reversion-plan

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    If you would like to know more about equity release then please get in touch.

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