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There’s been a steady growth in people releasing equity from their homes, with around 30,000 people choosing a lifetime mortgage every year in the UK. For most people, their largest asset is their home and they don’t want to sell it, but they would like the money that’s tied up in their property now, so they can enjoy their later life and retirement.

An equity release mortgage can enable you to access the money in your home, while retaining ownership. However, it’s important to explain, that this solution isn’t for everyone and must be carried out by one of our specially qualified advisers. As part of our regulations, we must meet face-to-face and explain the process so you’re fully aware of the implications if you’re considering equity release in Newcastle.

We would also like to meet with your family, if appropriate, and present the options. We do this for two reasons, it helps you to discuss your options with your family and an equity release mortgage will impact on the inheritance your children receive.

To be applicable for an equity release mortgage you must be 55 years of age, or older and own your home or have repaid most of your mortgage. If you’re based in Newcastle and need equity release support, we would be happy to talk through your options with you.

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Equity Release Newcastle

The concept of an equity release mortgage isn’t new, but there has been a significant growth in the demand over the past decade. Releasing the money from your home can help you fund your lifestyle as you approach and enter retirement. You can gift the money to your children so you can watch them enjoy the money now or you may not have a pension and want to use the money for a once-in-a-lifetime holiday.

A lifetime mortgage means you retain and live in your home but can release equity from your property, so you have flexible access to your money. The money borrowed is then repaid at a later date (when you move into long term care or die). You can drawdown the money when you need it or receive the money as a lump sum.

To understand if an equity release mortgage in Newcastle could be right for you, please get in touch.

Equity Release Mortgages

Our equity release specialists can talk to you about releasing money from your home and the implications. We’ll explore if you would qualify, how much money you could receive, the repayment options and the process.

If you’re in the North-East of England and want a free initial conversation about equity release options, please contact us.

Questions About Equity Release?

Equity release or lifetime mortgages can be perfect for releasing money from your home, but there’s lots of questions that only a qualified adviser can answer. Talk to us if you have questions about equity release and we’ll answer them with no-obligation to proceed.