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Equity Release Advice Liverpool

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7 days a week, 8am - 10pm

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Equity Release Advice Liverpool

Aged 55+ in AREA? Explore a wide range of later-life mortgage solutions. With numerous equity release products available, our experts will help you find the right solution for you.

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How does equity release in Liverpool work?

If you own your home with or without a mortgage, it may be possible to release equity from it. Equity release allows you to release money from your home as a tax-free lump sum, or a series of smaller sums taken out over a period.

Our objective is to help you through the equity release process and help you determine whether it is the right thing to do for you. Our qualified team of later life mortgage advisors in Liverpool will be with you every step of the way if you decide to move forward with this.

It’s important that we take an in-depth look at your current circumstances, your past experiences and your future plans. This will help us find the most appropriate product for you. We also want to make sure that you are protected at all times.

There are two equity release options for you to take: a lifetime mortgage (age 55+) and the home reversion plan (this involves selling a percentage of your home). This is a specialist subject and it should be done right; speak to an equity release mortgage advisor in Liverpool today.

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Equity Release Advice Liverpool

Lifetime Mortgages in Liverpool

If you are wanting to raise money to help grandchildren, repay existing mortgages or other debts, carry out home improvements or boost your retirement income to combat the increasing cost of living, we may be able to help!

A lifetime mortgage in Liverpool allows you to release a percentage of tax-free money from the value of your home. You will retain 100% ownership and you can stay in your home for the rest of your life.

Usually, your lifetime mortgage in Liverpool is repaid from the sale of your home after your death or going permanently into care (with two borrowers this applies to the last survivor).

In recent years, they have been a little more flexible with options to make voluntary payments, monthly interest payments and move your mortgage to another property.

For further mortgage advice in Liverpool including equity release and later life mortgages, get in touch with our fantastic team.

You can book your own free equity release appointment with an advisor today. All you have to do is pick your preferred date and time and book online!

What are some things to remember with equity release?

When considering Equity Release as an option, there are several factors to bear in mind. To qualify, you must be at least 55 years old, and the amount you can withdraw from your home depends on your age and the property’s value.

For reliable mortgage advice in Liverpool concerning Equity Release, it is advisable to consult a Specialist in this field. Reach out to a Mortgage Broker in Liverpool, and we will provide open, honest assistance to address your needs.

To understand the features and risks, ask for a personalised illustration. Equity Release may come in the form of a lifetime mortgage or home reversion plan.

A lifetime mortgage may impact the value of your estate and it could affect your entitlement to current and future means tested benefits. The loan plus accrued interest will repayable upon death or moving into long term care.

A home reversion plan involves selling all or part of your home to a plan provider in exchange for a tax-free lump sum.

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Equity Release FAQs in Liverpool

I have an Equity Release enquiry, can you help?

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At Liverpoolmoneyman, our team of skilled mortgage advisors in Liverpool specialise in Equity Release & Lifetime Mortgages. We are committed to helping customers with their inquiries and objectives in this area.

Can you help me Remortgage to Release Equity?

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Furthermore, our expertise extends beyond Equity Release & Lifetime Mortgages. If you are approaching the end of your fixed term and have standard remortgage queries, our team of mortgage brokers in Liverpool can offer valuable guidance.

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Our Simple Mortgage Process

Free 30 Minute Chat About Your Future

Step 1

When you schedule a free initial mortgage appointment with our laterlife mortgage advisor in Liverpool, we will engage in a thorough conversation regarding your objectives and strategies concerning inheritance.

Alternatives to Equity Release

Step 2

While equity release and lifetime mortgages remain viable options, we consider them as last-resort solutions. Our belief is that there might exist a more suitable alternative tailored to your specific circumstances.

Discuss With Family / Trusted Parties

Step 3

Knowing the significance of later life mortgages, we strongly encourage you to involve your family members or other trusted individuals in our discussions.

Tailored Lifetime Mortgage Recommendation

Step 4

In the event that equity release is determined to be either suitable or unsuitable for your needs, our knowledgeable later life mortgage advisors in Liverpool will direct you to the appropriate services that can further assist you in devising your plans.

I have Equity to Release, can you help?

Free Mortgage Review

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After your free appointment, your advisor will try and find the perfect product that matches your personal and financial situation.

Finding You The Perfect Deal

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With our guidance and support, you feel at ease during the whole mortgage process. We aim to be the best of the best!

Our Service

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We have over 20 years of experience as a mortgage broker in Liverpool, and have fully qualified and experienced lifetime mortgage advisors available to help you.

7 Days a Week

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We will always try and overcome every mortgage hurdle that we are faced with, no matter how hard the situation is! We will always have your best interests at heart.

Malcolm and Amy Davidson - Mortgage Advice in Liverpool

Finding you the Right Equity Release Deal in Liverpool

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Popular Options For Equity Release in Liverpool

Things to Consider with Equity Release in Liverpool

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If you take a lifetime mortgage in Liverpool, any existing mortgages or loans secured on your property must be repaid.

Any accrued interest must be paid along with the amount released must be repaid on death or moving into long term care.

Taking a lifetime mortgage in Liverpool will reduce the amount of equity available in your property to leave as an inheritance or to use for the payment of care fees in later life, should you need to rely on this.

The Process of Equity Release in Liverpool

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If you are thinking about equity release, you must be aware of all of your options, alternatives and the advantages, disadvantages that come with it.

One of our later life mortgage advisors would be more than happy to run through these things with you. During our meetings, we will encourage you to involve family members or to have another trusted individual to support you through the process.

In addition to this aspect of our service, would also be happy to work alongside any financial advisors, accountants or solicitors involved in your financial planning decisions.

If carried out correctly, equity release in Liverpool should have no effect on your tax position or benefits. That being said, everyone’s situation can be different and a later life mortgage advisor in Liverpool will need to be aware of your full situation in order to provide the most beneficial service.

The full process is secure and your information only stays with your later life mortgage advisor in Liverpool. We want to make sure that you feel comfortable at all times during the process.

Once you are happy with your mortgage illustration and you want to move forward with us and the mortgage deal that has been picked out for you, we prepare your final application and send it off to the lender.

We are here to help every step of the way. From the initial point of contact to completion, your case manager and mortgage advisor in Liverpool are here to help.

We provide all initial advice for free and with absolutely no obligation or pressure to go ahead. Only if you go ahead and your case completed, do we charge you an advice fee.

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Liverpoolmoneyman.com & Liverpoolmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.

We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

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