Unlock tax-free cash with our equity release advice in West Midlands, UK

Here at Access Equity Release, we offer a range of equity release advice and solutions for homeowners aged 55 and over living in Birmingham, Wolverhampton, Dudley, Walsall, and throughout the wider areas of the West Midlands.

Our award-winning advisors can provide a tailored search specific to your needs across the whole of the equity release market. In addition to this, we can also offer alternative financial products, including retirement interest-only mortgages and residential mortgages.

Our equity release services are designed to be comfortable and easy for you and we are always happy to visit you in the comfort of your own home. Any initial chat is always completely free of charge and there is never any pressure to proceed. What we aim to do is build a picture of your financial goals, aims, and situation, so we can find the right products to suit you.

Our professional equity release advisors will be with you every step of the way, providing guidance, information, and support. We can give you as much time as you need to understand the implications of equity release and what different products offer, so you can make the right choices for yourself. We move at your pace!

Our equity release team always follows the stringent standards set out in the Equity Release Council’s code of conduct.

This includes:

  • You will have the right to remain in your home for as long as you choose to do so
  • You will never owe more than the value of your property – this is called a ‘no negative equity’ guarantee
  • You will have the freedom to move to another property, subject to it meeting certain terms and conditions

Would you like to know more? Please ring now on 0333 000 2097.

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The property market in the West Midlands: Why releasing equity could be right for you

Equity release is a very popular way for homeowners over the age of 55 to raise tax-free money from the equity in their property, allowing them to enjoy and fund their retirements. The amount of money you can raise will depend on the age of the youngest applicant and the value of the property.

Do you know how much your property is worth? If you invested in bricks and mortar in areas of the West Midlands including Birmingham, Wolverhampton, Dudley, or Walsall, you will have seen the value of your property grow over the years. These areas are very popular with families and individuals looking for excellent transport and rail links, plenty to do, and it also boasts one of the lowest costs of living in the UK. Due to the diversity of various industries and businesses, the local economy is doing very well, making it a top choice for many.

According to one report, the West Midlands has had one of the highest property price increases anywhere in the UK. According to Rightmove in 2020, the average property price was over £257,000. The majority of property sales were semi-detached homes that sold for an average of just over £224,000. Detached homes sold for an average of £380,000 and terraces fetched £185,000. In 2020, prices were up 11 per cent on the previous year and 13 per cent on 2018.

Are you wondering how much equity you could release in the West Midlands? Use our equity release calculator.

See how much you can release

The most common type of equity release in the West Midlands: Lifetime mortgages and what they mean

The most common form of equity release is a lifetime mortgage and this offers security for any homeowner because you retain ownership of the property until you die or move into long-term care. The other type of plan is called a home reversion scheme and this is far less popular. In the case of the lifetime mortgage, when the property is vacant, it is sold and the loan plus any accumulated interest is paid off. Unlike residential mortgages, there is no requirement to pay off the interest, so it ‘rolls up’.

Modern lifetime mortgage plans offer huge flexibility and clients can service the loan to reduce the amount of interest that builds. You can also receive the money in one lump sum or there is a product called a drawdown lifetime mortgage, which allows you to access the money in smaller sums when you need them. You can also ringfence some inheritance for your beneficiaries.

As with all lifetime mortgage products, our advisors will make personal recommendations based on your personal circumstances. Read our blog: Can I release equity if I’m aged under 55?

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    Call our equity release team on 0333 443 9825

    Top reasons for equity release in the West Midlands

    You can use equity release money in the West Midlands as you wish. Many common reasons for releasing equity include:

    • To hop aboard a cruise ship or take that holiday of a lifetime
    • To enjoy more time away, with weekend breaks and sunshine all-year-round
    • To buy a beautiful kitchen, bathroom, or conservatory and not worry about the cost
    • To enjoy a carefree retirement with more money for day-to-day living costs
    • To help your son, daughter, or another family member get their foot firmly on the property ladder
    • To gift children or grandchildren some inheritance now so you can watch them enjoy it when you are still here
    • To clear credit card loans and other debts