Professional advice and guidance about equity release in Cirencester, Gloucestershire

If you are considering unlocking cash from your home with a lifetime mortgage or home reversion plan in Cirencester, the Cotwolds, Siddington, or one of the nearby parts of Gloucestershire, it is essential that you get professional equity release advice. The award-winning team of equity release advisers at Access Equity Release are here to offer support and guidance at every stage.

We are independent ‘whole of market’ equity release brokers, which means that unlike some companies, we are not tied to certain products. We can search the whole of the market to find the more suitable and flexible equity release product for your needs. We understand the market and this is our focus, so we can use this knowledge and expertise to assist you.

Equity release, sometimes called retirement mortgages or over 55 home loans, is a financial solution for later life but it will not be suitable for every circumstance. This is not simply about raising cash. It is an important decision that will affect you for the rest of your life so it is important to understand the features, costs, and risks associated with equity release. We can ensure you receive the best advice possible to find a way for you to meet your financial requirements. We also have access to other financial products, such as residential mortgages.

Speak to one of our experienced and practical financial advisors now by calling 0333 000 2097.

Why release equity from your Cotwolds property?

Whether you are about to retire or you have already retired you may find yourself in the situation where you are ‘asset-rich and cash-poor’ and you wish to raise more money to supplement your pension to maintain your standard of living or make specific purchases.

  • Provide an income for day to day living costs
  • Make property improvements or complete a home renovation project
  • Pay off an existing loan or mortgages
  • Travel more or buy a holiday house
  • Help family or friends
  • Pay for private care or medical treatments

We are members of the Equity Release Council so uphold rigorous standards and safeguards. One of these is a no negative-equity guarantee, so the amount you owe will never be more than your property is worth. Check out our equity release calculator to get an idea of how much you can borrow.

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

Lifetime mortgages and retirement mortgages GL7

A lifetime mortgage is a type of equity release plan that allows you to release tax-free cash from your home. This can either be in a one-off lump payment or in smaller payments, known as a drawdown mortgage. You are simply borrowing money against the value of your home so you retain ownership for life and there are no required repayments unless you choose to make them with some products. Unlike residential mortgages, lifetime mortgages are not for a fixed term and will run for your whole life, with interest rolling up over time. This is then repaid when the property is sold when you die or move into a care home.

With rising property prices, for many people in Cirencester, their home represents their most significant asset, and with low interest rates and economic uncertainty, for many people equity release is a great choice but it is important to talk to an equity release expert about your options and the consequences.

Try our easy-to-use calculator

Advantages of equity release in Cirencester

Lifetime mortgages in Cirencester offer lots of benefits for many homeowners who decide that a later-life mortgage is the right choice for them.

  • Huge flexibility of available products with different features to suit your circumstances
  • Maintain ownership of your property
  • Control your debt – all Equity Release Council-approved products have safeguards in place
  • Available for people aged over 55
  • Choice of tax-free lump sum or drawdown facility

Read more on our blog: How much does equity release cost?

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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

    Find out more about how to release equity in Cirencester

    To find out more about equity release in Cirencester, please dial our office number on 0333 000 2097 and we can organise a telephone or video consultation, or we can visit you in person at home. Alternatively, please email info@accessequityrelease.com and we will write back.

    Appointments available in :-

    • Siddington
    • Daglingworth
    • Coates
    • Ampney Crucis
    • North Cerney
    • Kemble
    • Ewen
    • Ampney
    • Cerney
    • Tarlton
    • Somerford Keynes
    • Sapperton
    • Ashton Keynes
    • Marston Maisey
    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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