For advice about over 55 equity release in Bedfordshire, call our equity release adviser

How much cash could you release from your Bedfordshire home? If you are asking yourself this question, it is essential that you speak with experienced equity advice specialists. The team at Access Equity Release can access products from the whole of the market. We are completely independent and impartial, which means that we can give you the best advice, tailored to your requirements.

We are members of the Equity Release Council and only recommend plans with a no negative equity guarantee, which means that you will never owe more than your property is worth. Our experienced team is proud of our reputation for offering personal and reliable assistance, alongside deep knowledge and expertise.

Equity release products, which are sometimes called over 55 home loans and retirement mortgages, allow you to unlock the tax-free cash tied up in your home, without the need to sell your property. For those people who are retired and are asset-rich but are relatively cash-poor, equity release can provide the perfect solution so they can enjoy a more comfortable retirement.

Equity release is not the right solution for everyone, however, we will talk to you about the advantages and disadvantages of accessing funds in this way. To ensure you are making the right decision, we will always talk you through the alternatives and we can access other financial products, such as residential mortgages if we believe they offer a better solution

When you take the decision to release equity, we want to ensure that you are always informed. We encourage  family to be involved in the discussions, if you agree, so you can explore other options, such as downsizing.

We like to have our client consultations face-to-face, so we can understand your unique circumstances. We can meet with you or if you prefer conduct a consultation over Zoom or another video platform. We are always happy to speak with you on the telephone.

For more details, please ring 0333 000 2097 to arrange a consultation.

How does equity release in Bedfordshire work?

There are two main equity release options in Bedfordshire – lifetime mortgages and home reversion plans. A lifetime mortgage lets you borrow money against the value of your property and still maintain ownership and this is the most popular type of plan. Instead of making monthly payments to the lender, the interest can be rolled up and added to the cost of the loan. The total amount is paid back when your property is sold when you die or move into long-term residential care. With home reversion schemes you sell all or part of your property in return for a lump sum or regular cash payments.

Why is it important to talk about equity release?

  • Accessing equity release plans will affect potential inheritance for your family.
  • Equity release can affect your entitlement to state benefits and other financial support.

However, there are also many benefits to equity release, and as one of the UK’s leading equity release advisers, you can trust us to deliver the right advice. We are authorised and regulated by the Financial Conduct Authority (FCA) and are proud members of the Equity Release Council.

explainer video thumb - Equity release in Bedfordshire
explainer video thumb - Equity release in Bedfordshire

Are you eligible for retirement mortgages in Bedfordshire?

If you are thinking about equity release one of the first things you will need to establish is if you are eligible. The minimum age at which you can take out a lifetime mortgage is 55. We are all living much longer, so bear in mind that the younger you are, the longer the mortgage will run because unlike residential mortgages, lifetime mortgages run for as long as you are alive, or until you move into permanent residential care. Interest rates can be fixed and you have the right to remain in your property, provided it remains your main residence. Read our blog on what are the typical equity release costs?

Use our free equity release calculator to see how much cash you can access.

Try our easy-to-use calculator

Over 55 home loans in Bedfordshire: How can you spend the money?

Are you thinking about how to release equity in Bedfordshire? The money is yours to spend however you wish.

  • Home improvements, such as new kitchens, bathrooms, or extensions
  • Luxury holidays
  • Helping the kids (with house deposit, wedding costs, or university fees)
  • Pay off your mortgage and other debts
  • Enjoy your day-to-day living more

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

    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 Bedfordshire home.
    To be eligible for equity release in Bedfordshire 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.

    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.

    Releasing equity from your Bedfordshire home will not affect your state pension, but could affect other means-tested benefits that you may receive in retirement, including pension credits, council tax benefits, and savings credit.
    Equity release is based on your Bedfordshire property and age and as long as you meet the eligibility criteria, your credit history will not affect your ability to take out an equity release plan.

    No, not if you do not want to. With a lifetime mortgage, there are typically no monthly repayments to make as the loan, plus rolled-up interest, is repaid when the plan comes to an end.  This is usually when the mortgage holder passes away or moves in to full time care.  If there are two mortgage holders then this happens when both have passed away of moved into care.

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

    Are you considering equity release in Bedfordshire? Call our equity release company now

    Equity release is a big decision, so call our advisers in Bedfordshire for tailored advice on, please call 0333 000 2097. Alternatively, please email info@accessequityrelease.com and we can book a consultation.

    home-reversion-plan

    Face-to-face appointments throughout Bedfordshire, including :-

    Ampthill
    Arlesey
    Bedford
    Biggles
    Biggleswade
    Cranfield
    Dunstable
    Flitwick
    Henlow
    Houghton Regis
    Kempston
    Leighton Buzzard
    Luton
    Sandy
    Sharnbrook
    Shefford
    Wixams
    Wootton

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

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