Would you like to access tax-free cash from your home with equity release in Chelmsford, Essex?

Access tax-free money tied up in your property in Chelmsford, Romford, or Broomfield, with equity release. Our experienced and award-winning equity release company can help you discover whether equity release mortgages, sometimes called over 55 home loans, are the right choice for you.

Our independent and specialist equity release brokers have access to the whole of the market and can assess the criteria of hundreds of products against your financial situation, so we can find the right financial product for you. Equity release is not the right choice for everyone and we can also access other products that may suit you, including residential mortgage, and retirement interest-only mortgages.

Equity release has become more popular over recent years and is now booming with those people who are looking to make the most from their retirements and live the lives that they want. There are now twice as many equity release products on the market available as there were two years ago.

What is equity release? Equity release is a way for people aged over 55 to get money out of their property without the need to move away from their homes. It is becoming more mainstream with a huge number of products and deals available, with very low-interest rates. This is why it is so important to get specialist help and advice.

Our equity release advisers can meet with you and understand more about your financial situation, so we can offer independent advice and guidance. This first meeting is completely free of charge and there is never any pressure to proceed. Our clients are always at the heart of what we do and their happiness and satisfaction is our number one aim. We are regulated by the Financial Conduct Authority (FCA).

To book a face-to-face or video appointment online, please call 0333 000 2097.

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Why opt to release equity in Chelmsford? The market is booming

Chelmsford has long been a popular choice for Essex homeowners. Popular with commuters, it has excellent transport links and offers the ideal balance of urban city living and a rural lifestyle. It was awarded city status in 2012 and since then, there have been large investments in infrastructure.

If you are wondering how much cash you can release from your Chelmsford property, please see our handy equity release calculator.

According to the property site Rightmove, in 2021 the overall average house price just topped £400,000. The majority of property sales were semi-detached homes that fetched an average of just over £412,000. Terraced houses sold for an average of £331,000, with detached houses fetched over £588,000. Overall prices had grown by three per cent from 2020 and seven per cent from 2019. The most expensive places to live in Chelmsford are Old Lodge Court, a luxury private and gated development, Margaretting Road, Patching Hall Lane, Pottery Lane, and The Cedars.

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How can I access a Lifetime Mortgage or Home Reversion Scheme in Romford?

There are a variety of equity release mortgages available in Romford or Chelmsford. Equity release products roughly fall under two categories: Lifetime Mortgages or Home Reversion Schemes.

Lifetime Mortgages offer a safe way to boost your financial options in later life. There are a variety of Lifetime Mortgages available with different features to suit your needs.

There are also protections in place to ensure equity release works for you.

We are members of the Equity Release Council, so we will only recommend Lifetime Mortgages that have a no-negative equity guarantee, that ensures you can never owe more than your home is worth. You will always have the right to remain living in your home for as long as you abide by the terms and conditions of the loan. The loan plus any interest will be paid off when you move into long-term care or pass away.

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    The advantages of Chelmsford Lifetime Mortgages

    With Lifetime Mortgages you can move them to a new property in Chelmsford. So if you decide to downsize and pay the loan off, and it meets lending criteria, then you can do this. These mortgages are also available with different repayment options, so if you wish to make regular interest repayments to reduce the impact of the interest rolling-up, you can do this. You can also choose to receive the money in one lump sum or a series of smaller payments, known as a Drawdown Lifetime Mortgage.

    • Tax-free cash when you need it
    • No monthly repayments unless you wish to make them
    • Continue living in your home
    • Move home if you choose to
    • Still leave an inheritance by ringfencing part of your property
    • No negative equity guarantee

    For answers to common questions about Lifetime Mortgages, please see our FAQS.

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