Equity release and the property market in Essex
Access Equity Release can provide helpful and unbiased advice about lifetime mortgages and other forms of equity release. Essex has long been considered a very desirable place in the UK to live and if you invested in Essex property some time ago, the chances are that you will have seen it increase in value over time. The county offers both busy cities and the peace of quiet of villages, it is also just a stone’s throw from the capital and has great transport links.
According to Rightmove in 2020, the average price of houses in Essex was just over £380,000, whilst detached properties in the county sold for £525,000. The most common sales were semi-detached properties that sold for an average of £380,000. In 2020, house prices were up 6 per cent since 2019. In 2020 according to figures, house prices had enjoyed their biggest growth for six years.
Desirable areas within the county include Colchester, Saffron Walden, Manningtree, Purfleet, and Basildon. If you are thinking about ways in which to make your retirement years more comfortable and are thinking about equity release, please get in touch. We know that many people do not want to leave the property that they have resided in for many years and with a lifetime mortgage, you will remain the owner of your home until you pass away or move into long-term care.
One of our team can meet with you and will be able to talk to you about your financial aims and the wider impact of equity release. All initial consultations are held free of charge and without obligation.