Fully qualified equity release specialists in Bradford, West Yorkshire
At Access Equity Release, we provide professional equity release advice to residential homeowners over the age of 55 in Bradford, Keighley, and the surrounding areas of West Yorkshire. Many of our clients find that releasing equity from their homes can help with a variety of things such as home improvements, paying off existing residential mortgages, going on holiday, clearing debts, and helping friends and family to enjoy some of their wealth during their lifetime.
Lifetime mortgages can now be used as an important financial planning tool and can provide access to tax-free cash to be spent as you wish. Unlike residential mortgages, there is no requirement to make repayments during your lifetime, unless you wish to do so. You will also retain full ownership of your home until you die or move into long-term care, at which point the loan and any interest owed is repaid.
As members of the Equity Release Council, we uphold stringent standards that include only ever recommending products with a ‘no negative equity guarantee’, which means that you will never owe more than the value of your property.
Here at Access Equity Release, we are equity release specialists who can look across the whole of the equity release market, to find the right products for you. We can discuss the various features available from different equity release mortgages and plans and work out whether equity release is a suitable route for you now or in the future. We will always explain clearly how equity release works and its impact on you and others, always taking into account your financial goals and your personal circumstances.
To talk to us about retirement or later life mortgages, please call the team now on 0333 000 2097.
Why choose our Bradford equity release advisers ?
You will never be put under any pressure to proceed and all initial consultations are completely free of charge. If you wish to proceed with equity release, our specialist advisors in Bradford will assist with the application process and provide guidance and answer questions at every stage of the process. Read our blog on: What is the role of an equity release advisor?
- Tax-free cash to be spent as you wish
- Choose to make monthly interest repayments if you wish
- Low interest rates that are fixed for life
- Continue to live in and own your home
- No negative equity guarantee
- Meet your financial goals
Bradford property overview? Could you release equity from your home?
Do you live in Bradford or Keighley and are thinking about equity release? If you bought your home some years ago, it will have grown in value and if you are aged over 55, equity release could be an option for you. Property prices in Bradford have grown as the city has become more family-friendly and homeowners enjoy a great quality of life.
Figures on Rightmove state that in 2020, homes in Bradford fetched an average of just over £138,000. Semi-detached properties were the vast majority of sales that year, fetching an average of £141,000, whilst detached homes sold for an average of £257,000. In 2020, prices were up 4 per cent on the 2018 peak.
Any recommendations our equity release advisers make will always be tailored to your needs and we encourage family or friends to be involved in the process if you wish. Would you like to know how much you could raise? Please use our equity release calculator.
What is a lifetime mortgage? All about equity release mortgages in Bradford
Are you thinking about a lifetime mortgage or retirement mortgage in Bradford or Keighley? Our local equity release brokers can search across the whole market to find the right plan for you. As well as equity release mortgages, we also can access other financial products, such as retirement interest-only mortgages and residential mortgages. We are regulated and authorised by the Financial Conduct Authority (FCA).
- A lifetime mortgage: A lifetime mortgage allows you to receive a lump sum of cash from the total value of your property. There are typically no monthly repayments to make as the amount that you have released, plus any interest, is repaid when the property is eventually sold. This is normally when you move into long-term residential care, or when you die.
- A drawdown lifetime mortgage: There are different options for lifetime mortgages, however, a drawdown lifetime mortgage is similar to the standard lifetime mortgage, but with a drawdown lifetime mortgage, you can access the money more flexibly. Rather than just receiving money in a single lump sum, you have the option to release the cash, over time, as and when you need it. You will only pay interest on the money that you have received so these plans can prove to be more cost-effective.
- Interest-only lifetime mortgages: These products are like a standard lifetime mortgage, except you make regular monthly repayments to stop interest rolling up over time and impacting the value of your estate. Some plans allow you to make repayments that are equal to or less than the amount of interest that is charged. The remaining balance is then paid off once you have moved into long term care or die and the property is sold.
- Home reversion plan: This is the least popular type of plan and allows you to exchange the ownership of part, or all of your property, in exchange for a lump sum of cash. You stay in the property free of charge for as long as you live and there are no monthly repayments to make. However, it is worth knowing that you generally receive an amount for your property that is lower than its market value, which is why we do not recommend these products.
Request a callback from our advisors
To book a free-of-charge equity release consultation in Bradford, get in touch
Get expert advice about equity release in Bradford by calling 0333 000 2097. Alternatively, please email info@accessequityrelease.com and we will get back to you.
Appointments available in :-
Wibsey Bierley Shipley Idle Saltaire Calverley Clayton Tong Thornton Esholt Birkenshaw Wyke Rawdon Drighlington Stanningley Wilsden Guiseley
Book an equity release consultation online or in your own Bradford home
