Would you like advice about retirement mortgages and equity release in Oxford? Call our specialist advisors

Would you like to free up some cash in your home in Oxford or Headington? Home-owners over the age of 55 are increasingly looking into ways they can free up more money to enjoy their retirements. There are many reasons why individuals and couples choose to release equity from their homes. Many want to invest in holidays, home improvements, private medical care at home, or give their children the gift of money while they are still around to see them enjoy it.

Whatever the motivation for releasing equity, it is important that you are aware of the long-term implications of your decision. Here at Access Equity Release, we are independent equity release advisors who can search across the whole of the equity release market to find the right financial product for you.

All our expert advice is tailored to your unique circumstances and as well as the whole of the equity release market, we also have to access to some other financial products, including interest-only retirement mortgages and residential mortgages. All equity release mortgages are regulated by the Financial Conduct Authority.

We are also authorised by the FCA and are members of the Equity Release Council, so all the products we recommend have a no negative equity guarantee. We can meet you at any time at your convenience, whether it be at your home,  place of work, or via video link.

Our initial advice is completely free and there is never any obligation to proceed with us. We can handle the entire process from start to finish and give you all the information you need to make a decision that is right for you.

Thinking about releasing equity? Contact us now on 0333 000 2097.

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Releasing equity in Oxford: How the property market has changed over the years

Oxford is known for being home to one of the world’s best universities and is a world-leading centre for science and innovation. Popular with individuals and families, it is well connected to London and has lots of stunning green spaces to enjoy.

House prices have increased dramatically over the years. According to the property site Rightmove, in 2021 the majority of property sales were semi-detached homes that sold for an average of just over £574,000. Terraced houses sold for an average of £510,000, with flats fetching over £331,000. The average house price in Oxford stood at over £576,000. Overall prices had grown by six per cent from 2020 and 13 per cent on the 2019 peak.

The most expensive road in Oxford is Crick Road, where house prices have been valued at an average of £4.7million. Other expensive neighbourhoods include Jericho, North Oxford, and Park Town.

See how much money you could release with our equity release calculator.

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What is a Lifetime Mortgage in Oxford? Our equity release brokers can tell you more

A Lifetime Mortgage work is the most popular way to release equity. This is a loan secured against your property and is available to homeowners over the age of 55, so they are sometimes referred to as over-55 home loans. With any Lifetime Mortgage, you can continue living and owning your home, but you release some of its value as a cash loan. This is repaid when you enter long-term care or when you pass away.

There are different types of lifetime mortgages:

  • A Lump-Sum Lifetime Mortgage involves a loan that is secured against your home. It provides you with a single lump sum of tax-free cash to spend as you wish.
  • A Drawdown Lifetime Mortgage provides you with an initial lump sum followed by cash that can be withdrawn in stages. You will only pay interest on the money that is released.

We have access to a full market of products and as well as Lifetime Mortgages, our advisers can tell you about Home Reversion Schemes, which are the other type of equity release plan. We want you to make an informed decision so we can guide you through the various options and the implications of your choice.

We are qualified and experienced and put our clients at the heart of everything we do. Do you have questions? See our FAQS as the first port of call.

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    Impartial advice about Oxford retirement mortgages

    Our leading equity release company in Oxford can give you impartial advice about equity release products and are not tied to any lenders. There are a number of reasons that people choose equity release:

    • To travel more or buy a holiday home
    • To fund home improvements, such as renovations and extensions
    • To fund long term care at home or private medical treatment
    • To use for everyday living costs
    • To see your children or grandchildren enjoy their inheritance in your lifetime

    Our first step is a free and no-obligation equity release consultation where we can find out more about your financial situation and aims. We can answer your questions and tell you more about equity release and its advantages and drawbacks. Read our blog: Can I lose my house if I take our equity release?

    We can then go and research the whole of the market to find the right deal for you. There are hundreds of products available with different features.

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