Understanding equity release in Dulwich, London: Our equity release advisers can help

Would you like to know more about equity release in Dulwich, Forest Hill, or Norwood? Perhaps you are wondering about the benefits and disadvantages of equity release? Or maybe you need a financial expert to give you independent advice about later life mortgages? We are award-winning equity release advisers who offer a helpful, personal, and expert approach.

Releasing equity from your home is a popular method of boosting your retirement income and finances. It is essentially a way of unlocking some of the value of your home and turning it into tax-free cash. This loan is then repaid using the money from the sale of your home once you have passed away or moved into permanent long-term care.

There is a vast variety of equity release plans available and as independent equity release brokers we are not restricted to a panel of lenders, so we can search across the whole market to find the right product for you. We can talk through the different features, benefits, and savings of different plans. We can look at your financial situation and offer tailor-made advice. As well as equity release products, we also have access to other financial products, such as residential mortgages.

When you are thinking about whether you should release equity, it is important to choose the right company to help. We pride ourselves on our exceptional service and as members of the Equity Release Council, we uphold the most stringent standards.

Find out more about equity release now by calling 0333 000 2035.

Why look at equity release products near Forest Hill?

Many retirees find themselves asset rich and cash poor and without the money to spend on what they want. Our specialist over 55 home loan advisers based near Forest Hill and Dulwich can discuss the options available as well as the pros and cons of each.

Releasing capital from a home has become an increasingly attractive proposition. Some people will downsize and use the profits of the sale to do this. However, many people do not want to move out of their homes or away from an area that they love. Many people choose equity release because:

  • The money is tax-free
  • You continue to live in and own your property
  • You can use the money however you wish – this could be to pay off an existing interest only mortgage or loans, make home improvements, travel, or you make a monetary gift to a member of your family

If you are thinking about releasing equity, we can happily discuss your options.

explainer video thumb - Equity Release Advisers in Dulwich
explainer video thumb - Equity Release Advisers in Dulwich

Lifetime mortgages and other equity release mortgages in SE19

The two most common types of equity release are lifetime mortgages and home reversion plans. The majority of people looking to take out equity release choose a lifetime mortgage. This allows you to take out a loan against your home, whilst retaining ownership. The interest can be rolled up and no repayments are due while you continue to live on the home. The loan will be repaid by your estate on your death, or when you move into permanent long term care. The amount you will be able to borrow will vary, according to your age and the value of your property. Check out our online calculator to see how much you may be able to raise.

Home reversion plans offer a different method of releasing equity by enabling you to sell off part or all of your home in exchange for a one-off payment. Read our blog on the difference between a lifetime mortgage versus a lifetime lease.

Try our easy-to-use calculator

Our Dulwich equity release advisers are members of the Equity Release Council

We are members of the Equity Release Council, the industry body for the equity release sector. To protect consumers in Dulwich, the council sets certain standards that we adhere to and we are committed to best practice.

This includes a no negative equity guarantee from lenders, which means that you and your family will never owe more than the value of your home. You will never lose your home and can remain there as long as it is your main residence.

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    Here are some answers to the most frequently asked questions about equity release.

    With a lifetime mortgage – the most popular type of equity release plan – you will always remain the owner of your property. A lifetime mortgage is a loan secured against your home.

    To be eligible for equity release you must fall into a handful of criteria. These include: You must be over 55; you must be a homeowner and own property in the UK; and your property must be worth a minimum of £70,000. The minimum age and property value will vary between product providers.

    Yes, an interest-only lifetime mortgage allows you to make monthly repayments. As long as you keep up with these payments, the amount you owe will never increase. Unlike conventional mortgages, the interest rate for lifetime mortgages can be fixed for life.

    Releasing equity from your home will not affect your state pension, but could affect other means-tested benefits that you may receive in retirement, including pension credits, council tax benefits, and savings credit.

    Equity release is based on your property and age and as long as you meet the eligibility criteria, your credit history will not affect your ability to take out an equity release plan.

    No, not if you do not want to. With a lifetime mortgage, there are typically no monthly repayments to make as the loan, plus rolled-up interest, is repaid when the plan comes to an end.  This is usually when the mortgage holder passes away or moves in to full time care.  If there are two mortgage holders then this happens when both have passed away of moved into care.

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

    For advice about retirement mortgages or how to release equity in Dulwich, contact us now

    To arrange a meeting with one of our professional equity release advisers near Dulwich, please call us on 0333 000 2035 or email info@accessequityrelease.com

    Appointments available in :-

    • Dulwich Village
    • East Dulwich
    • Norwood
    home-reversion-plan

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    If you would like to know more about equity release then please get in touch.

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