Reliable equity release company in Merseyside, UK

If you are thinking about equity release or over 55 home loans in Liverpool, Sefton, Knowsley, or around Merseyside, make Access Equity Release your first port of call. As recommended equity release specialists, we can help guide you to find the right product for you. We are FCA-regulated and members of the Equity Release Council, so we uphold the strictest and most ethical standards.

As an independent equity release company, we have access to the whole of the equity release market so we can find the right products for you. We can also access other financial products, including residential mortgages and retirement-interest only mortgages.

Equity release has become an increasingly common way for property owners in Merseyside to help fund their retirement years. Rising house prices have meant that the UK’s over-55s have more money than ever tied up in their properties. This equity can be accessed using different types of products, including Lifetime Mortgages or Home Reversion Schemes. Lifetime Mortgages are the most popular form of equity release. With a Lifetime Mortgage, unlike other forms of equity release, you can release tax-free cash from your home whilst retaining full ownership and you do not have to commit to making regular monthly repayments.

We can discuss all the different options for equity release and the implications of releasing equity. It is important to know that when releasing equity, you reduce the value of your estate and may affect your entitlement to means-tested benefits. We will take time to understand your financial situation and goals to help guide you towards the best financial solution or equity release products for you.

Are you eligible for equity release:

  • Are you over the age of 55?
  • Is your home worth at least £70,000?
  • Are you a homeowner with property in Merseyside?

Read our blog: Can I release equity if I am aged under 55?

All initial consultations are completely free of charge, with no obligation to proceed. Please talk to our qualified equity release advisors by calling us now on 0333 000 2097.

Why release equity from your property in Merseyside?

Chances are if you have had your property in Merseyside for several years, it will have grown in value over that time. Residents love the fact it is home to football clubs, pretty villages, vibrant towns, and the bustling and popular city of Liverpool. Changed dramatically by recent regeneration, Crosby and Liverpool Waterfront regularly feature in popular lists of the best places to live in the UK.

In 2020, Rightmove stated that the majority of property sales involved semi-detached houses that sold for an average of just over £205,000. Terraced homes sold for an average of £135,000 and detached properties for an average of £356,000. The average property price was over £204,000, which was more expensive than Lancashire. In 2020, prices had grown by 15 per cent on 2019 and 22 per cent on 2018. The most expensive area to live in Merseyside was listed as Caldy.

Thinking about how much you could raise using equity release? Use our handy equity release calculator.

Retirement mortgages and Lifetime Mortgages in Liverpool and Merseyside

Would you like to access some of the current value of your home? The most popular form of equity release in Merseyside is called a Lifetime Mortgage. This is a way of accessing some of your property’s value and using it however you wish. Whether you want to go on holiday, make home improvements, or gift money to children or grandchildren, the money is yours to spend however suits you best.

With Lifetime Mortgages, you do not need to make any monthly repayments, unless you wish to do so. Interest is added each year to the loan amount and any interest previously added, so the amount owed ‘rolls up’. This sum is repaid, usually from the sale of your home, when you pass away or go into long-term care.

You may wish to receive a one-off lump sum or choose to receive a smaller lump sum, and set up a cash reserve to draw from as and when you wish. This is called a Drawdown Lifetime Mortgage and you will only pay interest on the amount of money you have accessed, so this can reduce the amount of the loan over time.

There are also Lifetime Mortgages with other features, such as the ability to pay off some or all of the interest to stop it rolling up and the ability to ringfence some of your inheritance. As Equity Release Council members, all products that we recommend have a no negative equity guarantee, so your estate will never owe more than the property when it is sold.