Equity release advisors working near Eastbourne, UK
Hello and a warm welcome to Access Equity Release. We are professional Equity Release Council advisors offering people in Eastbourne the opportunity to learn more about equity release, along with personalised advice tailored to their individual circumstances.
More and more people are considering equity release as part of their financial planning for retirement. It is essential to speak to qualified experts in this area, so you can make the right choice for your financial future. We can get to know you and your circumstances well, so we can put together a plan that suits you. We aim to make you completely informed about your finances, and you will always have a main point of contact whenever you need them.
Some reasons for equity release include:
- Paying off a mortgage or credit cards
- Taking early retirement
- Helping children or other family members get on the property ladder or with other costs – read our blog about the bank of gran and grandad
- Medical or long-term care
- Home improvements
- Holidays and travelling
- General living costs
- Hobbies and supplementary income
Our equity release specialists are not restricted to a panel of lenders and can search across the whole market to find different equity release products approved by the Equity Release Council. We can also look at other products, including second charge lending and residential mortgages.
For an initial consultation or to ask us questions about equity release with no obligation, please call us now on 0333 000 2097.
Our equity release services: Is it right for you?
We work alongside our clients to look at their finances to find out whether equity release is the right decision. We will talk about the potential impact of equity release on you and others and whether it may be the right choice for now or in the future. We can discuss alternatives and give access to these if requested.
Our equity release recommendations are always impartial and based on your needs. If you wish to proceed, we can guide you every step of the way, with your best interests at the heart of what we do.
Equity release products: How much is your Eastbourne property worth?
Working throughout Eastbourne and the wider areas of East Sussex, our equity release advisors can help you to understand if equity release could benefit you. We know people are living longer than ever before, sometimes spending 20 years or more in retirement and they may be looking to reap the rewards of a lifetime of work. If you have invested in property in that time, the chances are you will have seen your property grow in value. Based on the South Coast with the duel benefits of being by the sea, with all the amenities of a busy town, Eastbourne is also packed with cultural attractions and history.
According to Rightmove, properties in the county were worth an overall average of £290,000 in 2020. The majority of homes sold were flats, fetching an average of just over £202,000, whilst terraced and semi-detached properties sold for an average of over £276,00 and £303,000, respectively. Prices have increased by 5 per cent from 2019 and from 8 per cent from their 2018 peak. In 2020, Eastbourne was named as the most popular Sussex place for Londoners to relocate, as many people looked to move out of the capital during the coronavirus pandemic.
At Access Equity Release, you will always be looked after personally and receive the most suitable advice for your circumstances. We can come to visit you at home or nearby and consult with you, completely free of charge and with no obligation to proceed. We aim to supply you with all the information you need to make an informed decision.
Book an equity release consultation in Kent
The reasons why equity release is so popular include:
- The money you release is tax-free
- You can still continue to live in your home and still own your property
- All ECR-approved products have a no negative equity guarantee, so if your property is worth significantly less than your mortgage, you or your beneficiaries will not need to cover the difference
- You can access money in one lump sum or have access to draw-down facility, where you can remove smaller amounts as and when you need them
- The money is yours to spend on whatever you like
- No need for monthly repayments unless you wish to make them
- Your mortgage is portable, so you can move home, as long as you meet the provider’s criteria
To see how much cash you could raise, please use our equity release calculator.
Eastbourne lifetimes mortgages: What are they?
There are different types of equity release and the main one is a lifetime mortgage. To be eligible you must be aged 55 or over, and this product allows you to borrow money secured against your home, as long as it is your main residence, whilst retaining ownership.
When you die or move into long term care and the property is sold, the money from the sale is used to pay off the loan. You can choose to protect some of the value of the property for your family’s inheritance.
There are two types of lifetime mortgages:
- An interest roll-up mortgage: This is when you are given a lump sum or regular amounts and interest is added to the loan, but you do not make any regular payments. The amount borrowed and the accumulated interest, along with any other charges, is repaid with the cash generated by the sale of your home.
- An interest-payment mortgage: This is when you pay off the interest of the equity release loan monthly, rather than paying it off along with the loan through the sale of your property.
FIND OUT MORE
If you would like to know more about equity release then please get in touch.
