For independent equity release advice in Devon, UK, Call AER

Are you looking to release tax-free cash from your home in Devon? Here at Access Equity Release, we specialise in all types of later-life mortgage lending, over 55 home loans, and equity release products. We help our clients access money via equity release, advising them at every step of the journey.

Equity Release is a way of unlocking the cash tied up in your home, known as the equity, without the need to move. We are independent and specialist advisers who can help you understand the options available during retirement. We can meet with you at your home or another convenient location and learn more about your financial situation.

Equity Release is not the right option for every homeowner and we can also advise you about other options, including residential mortgages and retirement interest-only mortgages. We have access to the whole of the equity release market and unlike other equity release companies who are tied to a panel of lenders, we can look through all the products available to find the right one for you.

There are hundreds of Lifetime Mortgage products on the market with many more being released all the time. We can answer all your questions and discuss the implications of equity release. We also welcome family members to be involved in our discussions.

All cash raised through equity release is tax-free and we only recommend plans with a no negative equity guarantee. This ensures that you never owe more than the value of your property and that no debt is ever passed onto your family members. We are proud members of the Equity Release Council and follow their rigorous guidelines.

We always deliver a focused, personal, and helpful service. Our advisers come highly recommended and have won industry awards for their work. Read more about the role of an equity release advisor.

Would you like to learn more about how you could make the most of your retirement with equity release? Book an appointment with one of our equity release brokers now on 0333 000 2097.

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Our advisers can tell you more about releasing equity in Devon

Equity release products allow you to access the monetary value tied up in your home if you are over the age of 55. Devon has long been considered a wonderful county in which to live. With many characterful towns and villages, easy access to the coast, and great transport links, it is no surprise that property prices have rocketed here over the years.

Devon is one of the largest counties in the UK, and the only one to have two coastlines. With 15 National Parks with rivers, hills, and forests, and Exeter City, packed with shops, restaurants, and cafes, there is something for everyone.

In 2020, Rightmove stated that the average property price was over £331,000, with the majority of property sales involving detached homes that sold for an average of just over £448,000. Semi-detached homes sold for an average of £273,000 and terraced homes for an average of £233,000. In 2020, prices had grown by 14 per cent on 2019 and 18 per cent on 2018. Devon towns ranked as the most expensive include Salcombe, Torcross, and Dartmouth.

Check out our equity release calculator to see how much money you could release from your Devon home.

See how much you can release

Lifetime mortgages and Home Reversion Plans in Devon

Equity release allows you to release tax-free money from your home in Devon, to boost your finances during your retirement years.

There are two main types of plans available: Lifetime Mortgages and Home Reversion Plans. The most common type of scheme is the Lifetime Mortgage. This enables you to release a lump sum of money from the value of your property while still retaining 100 per cent of the ownership. There are not normally any monthly repayments to worry about (unless you wish to make them). The amount released, plus any interest is paid out of your estate when you or the last remaining homeowner passes away or moves into long-term care.

  • All money is tax-free and can be released in a lump sum or a series of smaller lump sums (known as a drawdown mortgage)
  • Money can be spent as you wish
  • Unless you choose otherwise, there is no money to repay
  • You can make flexible repayments
  • You will not need to move home or downsize
  • Part of the value of your home can be passed on and ringfenced
Try our easy-to-use calculator

Home Reversion Plans make up a tiny percentage of the equity release market and like other equity release products, they should always be considered very carefully. This is a form of equity release that involves selling all or a part of your home to a specialist provider. Like a Lifetime Mortgage, the money you receive is tax-free, but it will be significantly less than your home’s market value.

If you are considering equity release to unlock some of the equity tied into your home, it is important to know all about the different types of products. A Home Reversion Plan offers less value for money than other forms of equity release, and our advisors will be able to tell you more about this.

Request a callback from our advisors

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

    Upgrade your home with over 55 home loans in Devon

    Have you been wanting to make improvements on your property in Devon for many years? Have you been hankering after a new kitchen, bathroom, or home extension? Home improvements will increase the value of your property and improve your quality of life.

    Whatever your reasons for releasing equity, we can help you achieve them. Other common reasons include clearing debt or paying off an outstanding mortgage, going travelling, or gifting money to relatives. You can even move home if you choose to do so.