It is common for people over 55 to decide to downsize or move to a more suitable property. A standard equity release product should allow you to move house and transfer your mortgage to a new property.
We have outlined in our other blogs the types of equity release products available and how they differ. It is important that you seeks advice before committing to these products. Using equity release can affect any means-tested benefits you may receive, including Pension Credit. […]
The time it takes to apply for equity release will depend on your provider and your circumstances but it is best to anticipate it taking a couple of months. Much like taking out a mortgage, you will need a solicitor to help complete forms and to liaise with your lender. […]
Many people who release equity from their homes are doing so to pay off their mortgage or to consolidate unsecured debts. It can be a great way to sort your finances as you enter retirement.
Equity release allows you to access your property’s value for more cash when you retire. You can benefit from the capital your home holds without having to sell your home and move.
We have outlined in other Access Equity Release blogs the criteria you must meet to release equity from your home. You must be over 55 for a lifetime mortgage and often over 65 for home reversion, you must own your home and it must be of a certain value. […]
During client visits amidst the ongoing COVID 19 outbreak, we will be taking note of government guidance and ask all of our advisers and clients to take precautions to ensure the safety of all parties. Please click the link below to see the full policy. AER Safety & Welfare Policy
The latest figures from the Equity Release Council (ERC) show that, after several years of consistently steady growth, equity release lending volumes remained similar in 2019 compared to the previous year.
With a lifetime mortgage, you take out a loan secured on your home which does not need to be repaid until you die or go into long-term care. It frees up some of the equity you have tied up in your home and you can spend it on whatever you want. […]
The Access Equity Release team had a great time at the Mortgage Solutions Awards for Equity Release in London, November 21st 2019. The awards recognise achievements over the last year including customer service and quality of advice. Our nomination To make the shortlist in our first year is a rare achievement and something we are incredibly proud of. We believe our success is based on our consistent quality over quantity approach to advice. The nomination rounds off a successful awards [...]
