Number one, qualified equity release advisers in Runcorn

Here at Access Equity Release, we are trained and specialist equity release advisers working throughout Runcorn and Frodsham. Our clients are at the heart of our work, and we have their best interest at heart. As impartial equity release advisers, we have access to the whole of the market.

If you are thinking about over 55 home loans and later life mortgage lending, we offer free and no-obligation initial consultations in the comfort of your home. All advice is honest and tailored to meet your circumstances. We can run through all your options so you can decide what are the right steps for you. There will never be any hard sales pitches or pressure to proceed. We also only use plain and straightforward language.

Equity release is not always the right step for everyone. Our team also has access to other financial products, including residential and retirement interest-only mortgages. In addition, other options may be available to you, such as downsizing or accessing savings.

We are members of the Equity Release Council (ERC), the trade body designed to protect consumers.

All equity release mortgages are available with many different features, which can be tailored to suit your needs.

To book a consultation, please call us now on 0333 000 2097.

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Are you considering releasing equity in Runcorn: How much equity could you release?

House prices have risen rapidly over the past few decades. A major transport centre for the North East and located on the banks of the River Mersey, Runcorn has become increasingly popular in recent years. With easy transport to Manchester, Chester, and Liverpool, there is a real community spirit and many families.

Runcorn is also set to receive a £23million investment to regenerate the town centre, with the funding expected to be poured into new homes, a revamped station gateway, more pedestrian and cycle-friendly routes, and a new health and education hub.

Property site Rightmove states that in 2021 the average property price was just over £175,000. Most property sales during the previous year were semi-detached homes that fetched an average of £181,000, whilst detached houses sold for an average of £285,000. Terraced properties sold for an average of £115,000. Overall prices were up four per cent on 2020 and 8 per cent on 2019.

Check our equity release calculator to estimate how much money you could release from your property.

See how much you can release

What are Lifetime Mortgages, and why are they the top choice for equity release in Runcorn?

Many over 55s have found themselves cash-poor and asset rich. So if you are over 55 and living in Runcorn, you may wish to release the equity in your property. The equity is simply the value of your home minus any loans secured against it. There are several types of equity release plans, and the main ones are Lifetime Mortgages and Home Reversion Plans.

Lifetime Mortgages are the vastly more popular choice of plan because, with these plans, you remain the legal owner of your property. Billions of pounds of equity are released this way, according to a recent Equity Release Council report.

With Lifetime Mortgages, you can access your money in a tax-free lump sum or use a Drawdown Lifetime Mortgage, where you can access smaller sums of money when needed.

There are some similarities between Lifetime Mortgages and ordinary mortgages, but unlike a standard mortgage, there is no requirement to pay any money back. The loan sum, plus any interest that rolls up over time, is paid when you die or move into long-term care. The interest rate is fixed for life. Some plans allow you to pay off some or all of the interest to reduce the size of the loan over time.

Why are more homeowners releasing equity?
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    What is a Drawdown Lifetime Mortgage in Runcorn?

    A Drawdown Lifetime Mortgage is the same as a normal lump-sum Lifetime Mortgage. You can release one amount and create a reserve amount that you can dip into at a later date when you need it. This allows you greater flexibility, and you will not be charged interest on the reserve amount until you access it.

    All the products that we recommend:

    • Have a no-negative equity guarantee, which means that whatever happens to the property market, you will never owe more than the value of your property.
    • You will always remain 100 per cent the owner of your property.
    • You can move home, subject to your new property meeting lending criteria.

    For answers to questions our equity release advisers get asked a lot, please see our FAQS.

    Speak to one of our friendly team