Award-winning equity release advisers in Suffolk, UK
Are you looking to connect with experienced equity release advisors in Suffolk? Here at Access Equity Release, we offer an equity release advice service that you can trust. We know that many people are looking for financial security during their retirement and equity release is one way to achieve this. We offer independent, impartial, and friendly advice.
Unlike many equity release companies, we are not tied to a panel of lenders. We can look across the whole of the equity release market to find the right products for our clients. We aim to provide all the information you need to decide whether equity release is the right choice for you.
We always give tailored advice according to your needs and situation. Equity release allows you to access some of the funds tied up in your property without having to move or sell your home. You will remain the legal owner of the property until you die or move into long-term residential care and the loan is repaid. The money is tax-free and can be used entirely as you wish, so whether you would like a new luxury kitchen or to go on a once-in-a-lifetime holiday, we can guide you through the process of releasing the funds you need.
Equity release is not always the right choice for everyone, to understand the features and risks please ask for a personalised illustration. We can also access other products such as retirement interest-only mortgages and residential mortgages too.
When you are thinking about equity release, it is essential that you get advice from equity release experts. Please book a free and no-obligation consultation with one of our equity release advisors now by calling 0333 000 2097.
Why release equity from your Suffolk property
Have you spent years investing in your Suffolk property? Chances are that it has really grown in value over that time.
Suffolk has long been an attractive county for families and people looking for beautiful countryside, picturesque market towns, coastline, and attractive villages. According to Rightmove in 2021 the average price of property was over £280,000 with detached properties selling for £392,000 and semi-detached properties fetching £243,000. The county has seen steady growth over the years and popular locations include Bury St Edmonds, Framlingham, Woodbridge, Aldeburgh, Orford, and Southwold. According to one report, a summer boom in 2020 sent house prices soaring in some locations of Suffolk, such as Southwold.
When we give advice about equity release, we really like to offer the best possible service and this includes taking time to get to know our clients face-to-face. We would love to come and meet you at your home or another convenient location, so we can understand more about what you are looking for from equity release, so we can draw up a picture of your financial circumstances and give advice tailored to you.
Equity release, sometimes called an over 55 home loan, is a big decision, so we will always take time to answer all your questions and welcome friends and family to be involved in the discussions. There is never any obligation or pressure to proceed. Read our blog about the role of the equity release adviser.
Lifetime mortgages and other equity release options in Suffolk
The most popular form of equity release is a lifetime mortgage, which is a loan secured against the value of your property and has some similarities with a standard mortgage. This includes the fact that you retain 100 per cent home ownership and you can sell your property and move to another, subject to certain criteria being met.
However, unlike a standard mortgage, there are no monthly repayments and there is no fixed term. The loan is repaid from the future sale of your property and this happens when you or the last remaining homeowner (in the case of a couple) moves into care or passes away. Any interest is added to the loan and paid off then. Alternatively, the interest can be paid regularly or you
can make ad-hoc interest repayments to reduce the interest at the end of the term. Use our equity release calculator to see how much cash you could raise.
A drawdown lifetime mortgage will allow you to release cash from your property over time, rather than receiving it all in one go. This means you could end up paying less interest because the interest is only charged from the date you release that amount of money.
The other main type of equity release is a home reversion plan, which offers tax-free cash for selling part of your home.
