Why releasing equity from your Lancashire home?
Equity release has become increasingly popular for homeowners in Lancashire, so they can fund their dreams during their retirement years. With growing house prices, people have more equity than ever tied up in bricks and mortar.
Crossing 3000 square kilometres in the North West, Lancashire has long been a popular county, known for its beautiful landscape and pretty towns. From Blackpool Tower to the rugged hills, there is something for everyone. According to surveys, some of the happiest places in the country to live are in Lancashire and include Fylde, Pendle, Wyre, and Ribble Valley.
In 2020, Rightmove stated that the average property price was over £191,000. The majority of property sales involved terraced homes that sold for an average of just over £120,000. Semi-detached homes sold for an average of £245,000 and terraced homes for an average of £179,000 and detached houses fetched £319,000. In 2020, prices had grown by 9 per cent on 2019 and 12 per cent on 2018.
Use our equity release calculator to find out how much equity you could release.