Over 55 home loans in Birmingham: Why release equity?
Birmingham is the most ethnically diverse city in the UK and is also considered the country’s ‘second city’. It is regarded as a fantastic place to live and work, and it champions innovation. It has a thriving cultural scene, more miles of canal than Venice, and the largest public library in the UK.
If you bought a property in Birmingham years ago, you would have seen its value rocket over the years.
Property site Rightmove states that in 2021 the average property price was just over £225,000. Most property sales during the previous year were terraced homes that fetched an average of £200,000, whilst semi-detached houses sold for an average of £240,000. Flats sold for an average of £156,000. Overall prices were up 11 per cent on their 2019 peak.
To see how much money you can release with our equity release calculator.