Are You OVER 55? YOU COULD DISCOVER HOW MUCH CASH YOU CAN RELEASE FROM YOUR HOUSE TODAY.
To Begin With... Equity Release Isn't Suitable For Everyone
Not all clients can qualify for equity release and it's not always the right answer . If you only read one page about equity release, please read this one.
Equity Release Coventry will help you decide which product is best for you. Not only do we help you to compare the whole market with the whole market for equity release, but we also offer you complete guidance on all the schemes available.
We always do this with absolutely no obligation. Exclusive offers could also save you hundreds.
Equity release might seem like a good option if you want some extra money and don’t want to move house you can move home and take your lifetime mortgage with you
Please note that equity release is sometimes known as a lifetime mortgage, retirement home plan or home reversion.
We only have Ethical, Professional Equity Release Advisers, Not Salesmen
Importantly, we're not a come and go sales company - we are ethical Financial Conduct Authority Registered Independent Financial Advisers that have to adhere to stringent rules surrounding equity release.
We've great experience in this sector and will also tell you if equity release is not right for you.
The Financial Conduct Authority says:"Choosing a financial adviser might seem daunting, but if you need help with a financial decision, it is worth persevering. A good adviser can save you money and a lot of worry."
If you are Asset Rich, But Cash Poor? It Really Doesn't Make Sense
Over 55 and a homeowner? We may have excellent news for you
Are you in a property that's worth hundreds of thousands of pounds?
Equity release schemes are aimed typically at homeowners who find themselves with little disposable income, but living in a property which may be worth a large amount of money.
The Council of Mortgage Lenders say that retired homeowners are sitting on £1.1 trillion of un mortgaged equity.
With an equity release scheme, you're able to release part of the value of your property in return for a lifetime income, tax-free cash lump sum or a combination of both... all with no risk of losing your house.
Tailored interest rate
We'll always give you a personalised interest rate based on your individual circumstances
Most Plans Allow You To:
- Maintain 100% Home-ownership.
- All Money Released Is Tax-Free.
- Continue To Live In Property.
- You Can Gift An Early Inheritance.
If Still in Debt? Equity Release Could Be The Solution
In recent years, equity release is becoming increasingly popular as our older population is growing. It can relieve debt and substantially increase retirement income.
The highly respected debt charity, Consumer Credit Counselling Service (CCCS), does suggest equity release to over 55s who owe money as a way to pay back borrowed money.
However, although many use equity release as a way of paying debt, Saga ,commenting on their own research, says "Our findings dispel the often held myth that equity release is just a last resort for cash strapped pensioners, when in fact people use the capital in their home to enjoy life, not just to get by."
What is Equity?
Equity is your current mortgage balance taken away from the current value of your house. If your mortgage is paid off and your house is worth, say, £300,000, then your equity is £300,000. Equity Release should not be confused with re-mortgaging.
The table below will give you a rough idea of the amount some equity release providers may be prepared to lend you. For example, using the table, Mrs White is 65 and owns a home worth £200,000. If she took an equity release lifetime mortgage plan, she could release a maximum of £62,000 in cash. That's 31% loan to value of £200,00. (£200,000 x 31% = £62,000)
Loan to value (LTV) is the amount of the equity as a percentage of the value of the property. Providers take loan to value percentages into consideration when considering your application for equity release
Over recent years, property values in much of the UK have gone up significantly and many homeowners, particularly those who bought their property some time ago, could now find themselves with a decent amount of equity.
Learn Which Is The Best Equity Release For Your Circumstances
Equity Release Coventry will provide all the information you need on the many of equity release schemes available.
We can also negotiate preferential equity release deals, including lower interest rates from some providers, that you may not achieve elsewhere.
IF YOU MAY WANT TO...
OR PERHAPS RELEASE EQUITY TO HELP OTHERS...
Depending on the plan you take you can...
• Own 100% of your home and can continue to live in it
• You are able to benefit from any future rise in house prices
• Release a tax–free cash lump sum or an income for life
• Release additional cash when you need it and spend that cash as you wish
• Consolidate your debt levels
• Guarantee your income for life
• Provide an emergency fund
• Pay no valuation or set-up fee
• Most plans have a no negative equity guarantee
• There are no credit checks
Are You Suitable For Equity Release?
Please complete the quick, easy enquiry below and learn if you qualify for equity release and if equity release is a suitable product for you.
If so, we'll give you full details of all the products available and our advisers will tell you which could be the best for your circumstances.
Simply take a minute to enter your details and you'll be called back as soon as possible with an answer. We'll also tell you how much money you should be able to release from your property.
Our team of qualified equity release advisors will provide you with honest and independent advice about unlocking cash ... We can also offer you home visits.
For your convenience we are pleased to be able to offer a no obligation home advice meeting at your convenience in any of the following areas.