Trusted equity release specialists in Lancashire, UK
Are you looking for the best and most flexible equity release plans on the market? Then talk to the experts at Access Equity Release. Working for clients throughout Blackpool, Blackburn, Preston, or the wider parts of Lancashire, our equity release advisers have access to the whole of the equity release market, so we can search across hundreds of equity release mortgages to find the right plan to suit you.
If you are thinking about Lifetime Mortgages and equity release then you are looking to release money from an asset that has taken a whole lifetime to achieve. This always deserves the highest level of attention and care.
We are equity release experts who have won industry awards in our sector.
Equity release enables homeowners to raise money from their homes. There are different methods of equity release and generally, they are available to people over the age of 55. Schemes include Lifetime Mortgages and Home Reversion Schemes but the most popular type is a Lifetime Mortgage.
With a Lifetime Mortgage, you take out a loan secured on your property and receive that amount as a tax-free lump sum. You do not usually need to make monthly repayments unless you wish to do so. Instead, the interest ‘rolls up’ and the loan plus interest is repaid after your death or when you move into long-term care when the property is sold.
Equity release offers great benefits to many homeowners and we all want to enjoy our retirements but it requires a lot of discussions. We ensure that you have all the right knowledge and understand that it takes time to make the decision, so you will never be pushed into making one. Our advisors encourage the family to be involved and can come and meet with you at your property and will spend as much time as you need, answering any questions you may have about the process.
Our equity release brokers are FCA-regulated. Please call now on 0333 000 2097.
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.