Later life lending and equity release specialists in Greater Manchester, UK

Access Equity Release is a specialist equity release firm working for clients in Manchester, Stockport, Tameside, Oldham, and throughout the wider parts of Greater Manchester. Our mission is to find the best possible equity release products for our clients by searching the whole of the market. We are an FCA-regulated company and proud members of the Equity Release Council.

We are committed to delivering a personal, professional, and bespoke service for all our clients. Our equity release advisors are award-winning in their specialist area and pride themselves on building trust and long-term, trusted relationships with their clients.

We will always tailor products to your personal circumstances, so we can help you meet your retirement objectives. Our experts can look at hundreds of products across the equity release market, to find the right one for you. We also can offer alternatives to equity release, including retirement interest-only mortgages and residential mortgages.

We have extensive experience and will always help you understand the benefits and implications of releasing equity from your home. We are not tied to a lender or panel of lenders, so our advice is always impartial and your best interests are at the forefront of everything we do.

Can you benefit from over 55 home loans or equity release?

  • Are you over the age of 55?
  • Are you a homeowner?
  • Is your property worth £75k or over?

The amount you can release will depend on your age and the value of your property. Please see our equity release calculator tool.

To book a free and no-obligation consultation with one of our team, please call us now on 0333 000 2097. We are always happy to travel to your home, so we can talk to you in the comfort of your own environment.

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A property overview of Greater Manchester and releasing equity

Are you based in Manchester, Stockport, Tameside, or Oldham are considering releasing equity from your home? If you have lived in Greater Manchester, you may be wondering how much your property has grown in value over the years.

Greater Manchester is hugely popular, with cities like Manchester regularly topping surveys of the best places to live in the UK. From the vibrant city centre to the beauty of the nearby Peak District, there is something to suit everyone. You also get a lot of property and lifestyles benefits for your money.

According to Rightmove, the average property price across the whole of Greater Manchester in 2020 was over £233,000. The majority of property sales were semi-detached homes that sold for an average of just over £237,000. Terraced homes sold for an average of £166,000, whilst detached properties fetched an average of £385,000. In 2020, prices had grown by 13 per cent on 2019 and 18 per cent prices on 2018.

There are very expensive areas in Manchester. Some of the county’s most expensive streets include Sandhurst Road in Didsbury, Victoria Road in Bolton, and South Downs Road in Altrincham.

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The types of equity release plans in Greater Manchester: Lifetime mortgages and home reversion schemes

Equity release plans, including lifetime mortgages and home reversion schemes, allow you to release tax-free cash for your property, without the need to downsize or sell. The money you release is tax-free and can be used as you wish and with a lifetime mortgage, you still own your own home.

Our advisors will review your individual circumstances and personal goals, to help you decide whether equity release suits your needs. If you do decide to go ahead, we can help you manage your application from start to finish. You will need to hire a solicitor and we can help with this. Read our blog: Why do I need a solicitor for equity release?

The most popular type of equity release scheme is a lifetime mortgage. This is a loan secured against your home, and in return, you can release a tax-free cash lump sum or smaller sums of money released at different intervals. This is known as a drawdown mortgage. Interest is added throughout the lifetime of the loan on a compound basis. Unlike a residential mortgage, you are not required to pay it off monthly. However, some plans allow you to pay the interest off if you want to, and in doing so, you will service the loan, so reduced the cost of it over time.

There are many benefits to different plans and flexibility. With some lifetime mortgages, it is possible to protect a percentage of the property’s future value to leave behind as an inheritance, for example. This can give you valuable peace of mind knowing that your family and loved ones will be taken care of. Drawdown lifetime mortgages can be more cost-effective because the interest is only added as and when the amounts are released, so you will pay less interest over the course of the loan.

We can talk you through the different types of plans available to find the right one for you.

Try our easy-to-use calculator

Request a callback from our advisors

    Speak to one of our friendly team
    Call our equity release team on 0333 443 9825

    Make home improvements with an over-55 home loan in Greater Manchester

    Have you been wanting to upgrade your kitchen or build an extension in Greater Manchester but don’t have the money? Equity release can allow you to release the cash you need to improve your home and with a lifetime mortgage, you will benefit from the value this adds to your property.

    Other reasons for releasing equity include to fund holidays and trips abroad, to pay off loans and existing mortgages, to help family and give them a ‘living inheritance’, or to pay for care at home.