Your equity release experts in Cambridge: Advice is just a phone call away
During the retirement years, there are many reasons why homeowners might want to release a lump sum of money from their property in Cambridge or Granchester. An equity release mortgage allows homeowners between the age of 55 and 95 to receive a lump sum of tax-free money without having to sell or move house. Moving house can be a significant upheaval especially for the older generation and with an equity release mortgage, they can live in their home until they die or move into long-term care.
There are no rules around how equity release money is spent, meaning it can be used for anything from paying off debts or an existing mortgage to going on a dream holiday that you have been planning for years.
Equity release is a specialist subject and we are equity release experts who have access to the whole of the market and can search across hundreds of plans to find the right one for you. It is essential that you get all the advice you need before making an application to release equity from your property. It may have an impact on the future estate value for your family and your beneficiaries and may affect the state benefits you are entitled to. Everyone must understand the benefits and drawbacks.
By discussing requirements from the outset with one of our fully qualified and experienced equity release experts, you can feel confident that you will receive the right advice and correct products.
- Free and no-obligation consultations, where we can understand more about your needs
- Fully impartial equity release brokers with access to the whole of the market
- Authorised and regulated by the FCA
- No negative equity guarantee on all products, so no matter what might happen in the future, you will never owe more than the value of your home
Talk to us about the best later-life mortgage lenders by calling us now 0333 000 2097.
Aged over 55 home loans in Cambridge: How much money could you raise by releasing equity?
Cambridge has long been considered a wonderful place to live for a variety of buyers. Known for its world-famous university and historic buildings, it is also renowned for its surrounding countryside. It has become a key tech hub and is home to Amazon, Google, Facebook, Apple, and Amazon, and has close transport links to London.
Prices in Cambridge have climbed over the years. Property site Rightmove states that the average house price in Cambridge in 2021 was just over £536,000. The majority of property sales were terraced homes that sold for an average of just over £514,000. Semi-detached houses sold for an average of £574,000, with flats fetching over £304,000. Overall prices were up by four per cent from 2020 and four per cent on the 2019 peak. The areas with the highest high prices are Central and West Cambridge.
To see the money you could raise via equity release, please see our equity release calculator.
Read our blog: Can I release equity on a leasehold property?