Are you searching for trusted equity release specialists in Tyne & Wear, UK?
Have you been asking questions like, ‘What is equity release?’,’ Who are the best later life mortgage lenders’, ‘Is equity release right for me?’ or ‘Can I pay back equity release?’ Finding the right equity release plan for you in Gateshead, Newcastle, or wider parts of Tyne & Wear is the job for a professional equity release company. Here at Access Equity Release, we can find the right equity release plans for you, whatever your circumstances.
Equity release can be a valuable financial tool to release the money tied up in your property. It is available to homeowners over the age of 55 and the money that is released is tax-free and can be used for any purpose. We are regulated by the Financial Conduct Authority (FCA). Our advisers are completely independent and have access to the whole of the equity release market.
We take time to get to know you, where you are, and what your future plans are, so we can advise you about the best equity release plan for you. Equity release is not right for everyone and we also have access to other products, including retirement interest-only mortgages and residential mortgages.
We offer an initial equity release consultation completely free of charge and with no obligation to proceed. We can help you understand the benefits and drawbacks of equity release, so you have all the information you need to decide if it is right for you.
Meetings with our equity release advisors can be in your own home or another convenient location. To book a consultation, please call us now on 0333 000 2097.
Releasing equity in Tyne and Wear: Is it a good idea?
Equity is the share you have in the value of your home. So this will mean the value of the property minus any outstanding mortgage or debt you have against it. The most obvious way to access the equity tied to your property is through downsizing or selling up. However, many people living in Gateshead or throughout Tyne and Wear do not want to sell their homes and want to continue living in a familiar environment surrounded by friends or family.
The North East is considered a wonderful place to live with its wide expanses of countryside and beauty spots. Packed with iconic towns and historic villages and many coastal areas, it attracts many different types of residents. Over the years property in the local areas has grown hugely in value.
Do you know how much your home is worth? According to the property site Rightmove, the majority of home sales in 2020 were semi-detached houses that fetched an average of just over £188,000. Terraced houses sold for an average of £165,000, whilst flats fetched £115,000. In 2020, prices had grown by 7 per cent from 2019 and 10 per cent from 2018.
The most expensive area in Tyne & Wear was Tynemouth, where house prices are an average of over £360,000. Other desirable towns include Sunderland, Whitley Bay, North Shields, and Washington.
Would you like to know how much equity release money you could release? Use our equity release calculator to find out.