Leading providers of equity release advice in Staffordshire, UK
Otherwise known as over-55 home loans or later life mortgages, equity release is a financial product available to people over the age of 55 who wish to access the money tied up in their homes. Access Equity Release is a team of award-winning equity release specialists helping clients in Staffordshire gain the knowledge they need to make a decision about whether equity release is right for them.
We have access to the whole of the equity release market, so we give tailored advice and find exactly the right products to suit your needs. We can look at alternatives to equity release, including residential mortgages and retirement interest-only mortgages.
By releasing equity in the form of a lifetime mortgage (or less commonly a home reversion plan), clients are able to remain in their own home until they die or move into long-term residential care. The money is completely tax-free and can be accessed as one lump sum, or in a series of smaller payments. The money can be used exactly as you wish but is commonly used:
- To provide an additional income for day-to-day living costs
- To provide lifetime gifts to family or friends, such as helping them with the deposit for a property, wedding costs, or education costs
- To make home improvements, such as property renovations and extensions
- To generate a lump sum of capital to make a big purchase, such as buying a holiday home or car
- To fund private medical care or care at home
- To pay off a mortgage or any existing debts
We can assess your individual circumstances and needs and will always give you impartial and helpful advice. Any initial consultation is completely free of charge. To find out more, please contact us now on 0333 000 2097.
Property prices and equity release in Staffordshire
With beautiful countryside and picture-postcard villages, Staffordshire has always been a popular location. If you bought your property and have retired or are nearing retirement and would like to make the most out of your time, you may be wondering if releasing equity is the right choice for you.
Our advisors can come and meet with you in Staffordshire, either at your home, place of work, or another location. We take great pride in offering a truly personal and expert service.
So just how much might your property be worth? See how much money you could raise with our equity release calculator.
According to Rightmove in 2020, the average property price for a property in Staffordshire in 2020 was £225,000. The majority of property sales were semi-detached properties that sold for an average of just over £187,000. Terraces sold for £144,000 and detached properties fetched an average of £336,0000. In 2020, prices were up 9 per cent on the previous year and 13 per cent on 2018.