Honest and trusted equity release advice in Rugby
With access to the whole of the equity release market and decades of experience, Access Equity Release is the company to call if you are thinking about equity release in Rugby or Dunchurch.
We aim to provide the best experience for our clients and are award-winning equity release specialists, and we can also offer expert advice and help at every stage of the process.
We genuinely believe in offering honest and individual solutions to meet your retirement needs. Equity release is not always the right choice for everyone, and we can also access residential mortgages and retirement interest-only mortgages.
Equity release allows homeowners over the age of 55 to release money from the property they live in, and unlike a normal mortgage, they do not need to make any monthly repayments. Instead, homeowners can withdraw a tax-free lump sum of money or regular smaller amounts while remaining in their homes.
Many safeguards and flexibility are built into today’s equity release plans, and our advisers can help you navigate this to tap into the wealth tied up in your home. We offer free and no-obligation consultations where one of our advisers will aim to get to know you and understand your financial situation so they can give you transparent and honest advice.
Our equity release company stays abreast of the market, where innovative products are being released regularly so that we can offer our clients the most up-to-date advice.
We are regulated by the FCA and proud members of the Equity Release Council (ERC), so we uphold their strict code of conduct. This includes only recommending products with a no-negative equity guarantee, which means you will never owe more than the value of your home.
To book a no-obligation chat with one of our equity release brokers, please call us on 0333 000 2097.
Are you thinking about releasing equity in Rugby? How the market has changed
Rugby was recently voted the best place to live in the West Midlands. Located in Warwickshire and home to rugby football, Rugby has a bustling town centre, excellent transport links, and a rich heritage.
Like other places in the UK, house prices have risen steadily. Property site Rightmove states that in 2021 the average property price was just over £292,000. Most property sales during the previous year were semi-detached homes that made an average of £305,000, whilst terraced houses sold for an average of £247,000. Detached houses sold for an average of £420,000. Overall prices were up 5 per cent on 2020 and 10 per cent on their 2019 peak.
Are you interested to see how much equity you may be able to release? Use our handy equity release calculator.
Later life mortgages and Lifetime Mortgage in Rugby
If you are of retirement age and wish to take out an equity release mortgage in Rugby, there are different choices. These include Lifetime Mortgages and Home Reversion Plans.
With a Lifetime Mortgage, you take out a mortgage secured on your property, provided it is your main home, whilst retaining ownership until you move out into long-term care or pass away. These products come with different features, including the option to ringfence some of the value of your property as an inheritance for your family. In addition, you can choose to make interest repayments or let the interest roll up the loan amount, and any accrued interest is paid when the house is eventually sold.
For many people who do not have beneficiaries to leave their assets to after their death, this could be a way of raising money in their retirement years. If you have someone whom you wish to inherit your home taking out a Lifetime Mortgage means there will be less money to pass on to them.
Home Reversion Plans involve the sale of part or all of your home to a home reversion provider in return for a lump sum or regular payments. You have the right to continue living in the property rent-free until you pass away, but you must maintain and insure the building. We do not generally offer advice on Home Reversion Plans, because they form such a small part of the equity release market.
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How does releasing equity in Rugby work?
Are you thinking about retirement mortgages in Rugby? This is how the process works.
- Advice: We can offer free and no-obligation advice about how much you could release and products that might suit your needs.
- Search: Our advisers can go away and search across the whole of the market to find a product that meets your needs.
- Apply: An application to the mortgage provider can be made.
- Legal advice: An independent solicitor will confirm your application.
- Complete: Once the application is complete, your tax-free money will be released.
For further info, please see our FAQS.
Over 55 home loans in Rugby: Why are they popular?
There are many reasons people choose to release equity in Rugby. This includes:
- To repay an existing mortgage or settle debts
- To make home improvements
- To buy a holiday home
- To improve their general standard of living
- To give the gift of an early inheritance
- To fund private medical care or help at home
Read our blog: Can I release equity if I already have a mortgage?
To understand more about retirement mortgages, call our Rugby equity release brokers, please call now
Call our friendly equity release team in Rugby on 0333 000 2097 or email info@accessequityrelease.com
We can also talk about equity release mortgages in Runcorn and later-life mortgage lenders in Birmingham.
