Take control of your finances with equity release and over 55 home loans in Norwich
A record number of equity release customers cashed in on their property wealth during the first quarter of 2022. With more equity release products on the market than ever, our trusted equity release company can help homeowners in Norwich, Wymondham, or Downham Market release their property dreams.
Equity release is a tax-free way of unlocking some of the money tied up in your home. If you are aged over 55, money can be released in one go as a lump sum or in smaller amounts as required. Equity release can be used for any reason, from home or garden improvements or going on a once in a lifetime holiday to paying off existing debts or mortgages or helping family members get a foot on the housing ladder.
The equity in your home is the difference between its value and any outstanding loans secured against it such as a mortgage. When you release equity this loan is secured against your home in return for a sum of money. You continue to live in your home and there are no monthly repayments to make unless you wish to do so. Once you or the last remaining homeowner has died or moved into long term care and the house is sold both the original loan and any interest is repaid.
We are impartial equity release specialists who are not tied to any specific lenders, so we can search across the whole of the market to find the right products for you.
We offer free and no-obligation initial appointments so you can find out if equity release is something you want to consider, with no pressure to proceed.
For more details about equity release, please call now on 0333 000 2097.
Norwich property prices have seen huge growth rates: What this means for equity release
Norwich has regularly been voted as one of the best places to live in the UK. Just a stone’s throw from the coast, with stunning scenic countryside and rich history, it is hugely popular. It is home to the biggest open-air market in the UK that dates back to the 1tth century.
Property site Rightmove states that in 2021 the majority of property sales during the previous year were terraced houses that made an average of just over £249,000. Semi-detached houses sold for an average of £265,000, with detached houses fetching just over £400,000. The average property price stood at just over £272,000, with prices overall up 3 per cent from 2020 and 12 per cent from 2019.
Are you intrigued as to how much money your property could be worth? Check out our helpful equity release calculator.