Are you looking for qualified equity release experts in Cumbria, UK?

Would you like to make home improvements or have a holiday but cannot access the money? Access Equity Release is a team of award-winning equity release specialists serving people in Carlisle, Barrow-in-Furness, Kendal, Workington, and throughout Cumbria. We can offer you specialist advice and are a completely independent equity release company, so we can search from hundreds of equity release plans across the market to find the right one for you.

We are authorised by the Financial Conduct Authority (FCA) and members of the Equity Release Council and always offer a professional, expert, and helpful service. We offer face-to-face consultations in the comfort of your home, office, or another location. You can discuss your financial situation with us in confidence, completely free of charge, and with no obligation to proceed.

Equity release, such as Lifetime Mortgages and other over 55 home loans can help you realise your financial goals and dreams. Ideal for those people who consider themselves ‘property rich and cash poor’ you can unlock money tied up in your home, tax-free, whilst remaining there.

There are a huge amount of equity release plans available and a lot of information out there. Our qualified equity release team can help you understand what you need to know to make the right decisions.

We can help you identify the right type of equity release plans and we also have access to other products including retirement interest-only mortgages. Equity release is not always the right solution for everyone, so we can explain what every plan means and its implications for you and your family.

Why not get in touch and see if we can help? Our equity release experts can be reached on 0333 000 2097.

See how much you can release

Releasing equity in Cumbria: A property overview

Boasting miles of countryside and fresh air, as well as a choice of busy city life or country living, Cumbria is a popular choice. Considered one of the safest places to live in the UK, it is home to two national parks: the Lake District and part of the Yorkshire Dales.

According to Rightmove, the majority of property sales were terraced homes that sold for an average of just over £150,000. Semi-detached houses sold for an average of £194,000 and detached properties for an average of £340,000. The average property price was over £218,000. In 2020, prices had grown by 10 per cent from 2019 and 13 per cent from 2018.

Some areas of the county fetch much higher prices, including areas in Windermere and Ambleside, where the average property price exceeds £1million.

Would you like to find out how much money you could release from your Cumbria home? Use our equity release calculator.

See how much you can release

Lifetime Mortgages and different types of later-life mortgages in Carlisle or Cumbria

Are you thinking about equity release in Carlisle or throughout Cumbria? There are two main types of equity release plans: Home Reversion Schemes and Lifetime Mortgages. Lifetime Mortgages are the vastly more popular type of equity release and these are split into Lifetime Mortgages and Drawdown Lifetime Mortgages.

Our professional equity release advisors will be able to identify the most suitable equity release plan for your circumstances. Lifetime Mortgages could provide a tax-free sum that enables you to retain ownership of your property. The loan, including any rolled-up interest, is repaid when the last surviving applicant moves into long-term care or passes away.

Try our easy-to-use calculator

A Drawdown Lifetime Mortgage allows you to drawdown the money in stages following an initial lump sum. There are Lifetime Mortgages with different features available including the ability to pay off the interest, so it does not roll up over time.

Home Reversion Plans are the other type of equity release scheme. Home Reversion Plan providers purchase some or all of your property in return for a cash lump sum. There is no interest to pay and you can live in the property as long as you like until you die or move into care.

Request a callback from our advisors

    Advantages of retirement mortgages in Cumbria

    As with all financial products, there are big advantages and our advisors will be able to talk you through the benefits and drawbacks of any equity release scheme. Every client that we work with is different and will have different financial circumstances as well as goals.

    The reasons people choose to release equity are wide-ranging and include everything from paying for holidays and home improvements to boosting retirement income for everyday living costs. Some people choose to give a ‘living inheritance’ to their children or grandchildren, so they can give them the money to buy a home or pay for education costs while they are still alive.

    Equity release can offer great flexibility and allows you to use your hard-earned money in the way that you want.

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

    Gain peace of mind with our equity release advisors in Cumbria

    Our equity release brokers will take time getting to know you, so we can understand your needs and financial goals. As Equity Release Council, our advisors follow the strictest code of conduct. This includes only recommending plans with a ‘no negative equity guarantee’ meaning that you will never owe more than the value of your home. Read our blog: Is equity release is safe?