Expert equity release advisers in Caterham, Surrey – get free & no-obligation advice today

Would you like face-to-face advice about Lifetime Mortgages and other equity release products in Caterham, Chaldon, or Warlingham? If you are aged over 55, you may be able to access the money that is tied up in your home. A bit like a mortgage in reverse, equity release products allow you to spend tax-free money as you wish and the loan plus any interest repayments are only repaid after your death or when you have moved into long-term care.

Equity release products are booming in popularity and there are hundreds of products available on the market. Our impartial and expert equity release advisers can search across the whole of the equity release market to find the most suitable lender for your criteria.

Our award-winning equity release brokers are here to help you to understand equity release, so you can decide if it is right for you.

There are two main types of over 55 home loans or equity release products:

  • Lifetime Mortgage: This is the most common type of equity release. The mortgage is secured against your home and you can remain there.
  • Home Reversion Scheme: With these types of plans the money is raised when you sell all or part of your home to a home reversion provider in return for an income or lump sum, while you continue to have the right to live in your home.

Many people wonder if equity release is safe. These products are regulated by the Financial Conduct Authority (FCA) and this regulatory body ensures protection for consumers. We are also FCA-regulated and members of the Equity Release Council, who provide additional safeguards, including a no negative equity guarantee, which means that you will never owe more than the value of your home. All the providers that we recommend are covered by Equity Release Council guarantees.

Should equity release not be the right option for you, we can recommend other options such as downsizing. We also have access to other products, such as traditional and interest-only retirement mortgages.

Talk to our advisers now on 0333 000 2097.

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Thinking of taking out an equity release mortgage in Caterham? Why release equity now

Equity release is often popular with homeowners in Caterham who are property rich but cash poor. UK house prices are rocketed over the years, so the chances are that you are sitting on a lot of wealth tied into your bricks and mortar.

Caterham is a vibrant town with easy access to London and the M25. With a fantastic choice of schools and other amenities, it has long been popular with families. If you are scratching your head and wondering, ‘how much equity could I release?’ then please use our helpful equity release calculator.

According to the property site Rightmove, in 2021 the majority of property sales were semi-detached homes that made an average of just over £456,000. Detached houses sold for an average of £713,000, with flats fetching over £297,000. The average price in Caterham was £479,000. Overall prices had grown by eight per cent from 2020 and 15 per cent on the 2019 peak.

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Get more out of your retirement with a Lifetime Mortgage in Woldingham

Our equity release advisers near Chaldon, Caterham, or Woldingham will be able to search the product available to find the right one to suit your unique set of circumstances.

In an initial meeting, which can take place at your home, online via video conference, or at another convenient location, we can talk you through the process and learn more about your aims and financial picture. We welcome family involvement, so they can help you make an informed choice.

There are various types of Lifetime Mortgages available, and some come with different features that allow you to make regular interest repayments or protect part of the property for inheritance.

  • A lump-sum Lifetime Mortgage: This is a loan secured against your property and the money is released in one tax-free lump sum.
  • A drawdown Lifetime Mortgage: This type of equity release mortgage allows you to access a smaller sum of money initially with an in-built reserve, so you can request further sums in the future.
  • An income Lifetime Mortgage: Instead of a lump sum, you can choose to have an income paid regularly.

See our FAQS for commonly asked questions regarding Lifetime Mortgages.

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    Equity release: Reasons for taking out retirement mortgages

    There are many popular reasons for releasing equity in Caterham. Ask yourself these questions:

    • Have your children left home and you finally want to travel more or buy a holiday home?
    • Would you like to make home improvements, such as installing a new kitchen or bathroom?
    • Would you like to free up more disposable income for everyday living costs in Caterham?
    • Would you like to help your children or someone else with money for their first home, wedding, or education?
    • Would you like to replace your car with a newer model?
    • Are you concerned about the cost of private medical treatment or care at home?

    Read our blog: How can I use the money I release from my home?

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