The benefit of Equity Release
Are you 55 and over? Do you need extra cash for your holidays and for home repair?
Then you should consider looking for an Equity release.
What is equity release?
The term equity release is a generic term for products that let homeowners 55+ release the tax-free cash they have locked up in their home.
The Equity release mortgage is an option that provides you with more freedom and a higher standard of living in your later years, regardless of whether you make repairs to the house or not.
If you don’t want to sell your home, you could be able to access a large portion of this money. You can consider an equity release arrangement to repay your existing residential mortgage.
Equity release can help you raise funds to spend while enabling you to continue living in your home. It can be used for any reason you wish and is particularly useful for covering large expenses.
Are you 55 and over? Do need extra cash for your holidays and for home repair.
Georgiana Olescu2024-04-10Paul is an amazing broker, very helpful, responsive to emails and patient with customers. The process with him was quick and easy as his work ethic is impeccable. We are beyond impressed and happy with his services and that we got to work with him.
Valerie O2023-12-28Exceptional service provided by Paul, I could not have asked for better. Definitely does his due diligence and goes above and beyond. Highly recommended!
Bonnie Frost2023-12-25Paul is a fantastic advisor and guided my husband and myself through the entire process of buying our first home, he made the entire process feel easy and we were well informed along with great communication and fast action. We completed within 3 months of contacting Paul.
Johnathan Lowery2023-11-16Working with Paul has been a hugely positive experience. Paul took the time to understand our needs and financial situation, ultimately securing us a mortgage deal that we would not have been able to obtain on our own. His guidance and patience over an extended time was invaluable in guiding us through a volatile period in the property market. I highly recommend working with Paul at Your Property Financial.
Adeel Sarwar2023-10-02It has been great working with Paul. He helped us to redeem our help to buy equity loan which didn't seem possible to me when I first contacted him. It took much longer than expected due to many obstacles but Paul explained every step of the process very clearly and he regularly communicated with me to ensure the remortgage went through as efficiently as possible. I would definitely recommend working with Your Property Financial.
Jessica2023-08-29I would highly recommend Paul as a mortgage broker. As a first time lone buyer I began the process feeling very out of my depth, particularly in a market where mortgage rates are very high. But from the get go Paul provided reassurance and practical guidance and has been immensely helpful throughout the process. I've really appreciated his responsiveness, honesty and support.
Louise Griffiths2023-08-28I reached out to Paul 2 years ago and giving this review now because I wanted to ensure that I could give a true review of what benefits I have experienced from using his service. I am thrilled with the financial expertise given to me by Paul. His skillful negotiation secured me an excellent mortgage rate within a short turn around time. This has not only set me on the path to paying off my principal balance but has also allowed me to simultaneously build a solid emergency fund. His initial guidance has been invaluable in shaping my financial future. I look forward to working with Paul again, once my 5 year plan is near its end. Highly recommended!
Calum Hebron2023-08-05Paul has been consistently excellent, ensuring we got the best possible mortgage deal at a time when rates weren't great. Paul worked with us to understand our financial complexities and went above and beyond to ensure they were understood by mortgage providers. We've been made to understand every stage of the process, and as first time buyers we were able to feel confident in the decisions we made. I would highly recommend working with Paul at Your Property Financial.
Czarina2023-08-04My almost a year-long journey with Paul as my broker has been truly amazing, despite a few hiccups during the mortgage process. Working with him has been the best decision ever! As a first-time buyer, I lacked knowledge about purchasing a home, but Paul's guidance and expertise were outstanding. He explained things in a clear and concise way. What impressed me the most was Paul's responsiveness. He promptly addressed all my questions and concerns, never making me feel like a bother. Even when I faced challenges, Paul's determination and problem-solving skills were unwavering. I felt so supported throughout the entire process. Thanks to Paul's unwavering support, I managed to reach this point. I highly recommend him to anyone, especially fellow first-time buyers. Paul's knowledge, patience, and reliability are unmatched. He's not just a broker; he's an invaluable ally in this complex process. Thank you, Paul!
Alistair Prestidge2023-07-11Paul helped me to get my Mortgage approved in less then 48 hours! He has been great and I can’t recommend him highly enough. His communication is excellent, and he helped me understand each stage of the process easily. Thank you so much for helping me buy my very first home! I will most certainly be recommending Paul to friends & family!
Check out our brief intro video 
You should seek professional advice before proceeding to take out any equity release mortgage as it could impact your entitlement to state benefits.
How does equity release work?
An equity release provider will provide you with either a lump sum or an income in exchange for part of the value of your home. This is achieved either using a type of mortgage or by selling that portion of your home on the condition that you can continue to live there as long as you wish.
Consult with a professional
As independent advisers, we provide you with a written recommendation and will let you know if equity release doesn’t meet your needs.
Completing the equity release application
We will then submit the equity release application. We will also introduce you to suitably qualified and experienced solicitors to assist with the legal side of the transaction.
Completion / Receive your money
Once the provider has completed their checks, the property surveyed and the solicitors completed the legal work on behalf of you and the provider you will reach completion. The funds are then released directly to you.
What’s the benefit of Equity Release?
With an Equity Release scheme you’re able to release funds from your property so you have access to them now and are able to spend them as you wish.
You also have the choice of no monthly payments, so you can not only enjoy the funds you’ve raised but also do not have to worry about monthly payments when in retirement.
Lump-sum of tax-free money.
Keep living in your own home.
There is no monthly repayment option.
Make repayment if you wich.
Make a cash reserve available.
Many people haven’t heard of the equity release yet, but it still remains one of the most cost-effective ways to have your mortgage set up and has multiple benefits to you.
How Equity Release can help you?
Repay existing mortgage as you approach retirement.
Now you’re approaching retirement it’s a good time to repay your existing mortgage so you no longer have any monthly mortgage payment to make, as typically your monthly net surplus income will decrease as you reduce your hours or stop working altogether in retirement.
Raising funds to gift and support loved ones onto the property ladder.
Releasing funds to gift to your loved ones to help them onto the property ladder and by gifting now you get to see them enjoy that gift and help them with their financial future.
Fund travelling and holidays in retirement.
Wanted to always book that world cruise? Go travelling for 6 months? Now you can sit back, relax and unwind with the available funds to book those trips you’ve always wanted to do!
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Provide funds to draw on to top up existing pension & savings income.
Typically as you retire your income drops, so by taking capital out of your property you can use that to pay for things and top up your income in retirement.
Reduce your inheritance tax liability.
By gifting early there are potential inheritance tax advantages. We can introduce you to an accountant who can confirm your potential options relevant to your own individual circumstance.
Capital for home improvements.
Need to fix up the house? Need a new bathroom? New kitchen overdue? Now you can release the capital required to complete those works so you can enjoy your new home in retirement.
Your broker here to help
Often the lenders will make assumptions or even worse let the computer make the decision on whether to lend to you. This is where we step in and help advise and arrange to ensure you get the correct mortgage and consideration by the lender at the application stage and we present your application in the best possible light; therefore increasing your chances of acceptance at first application.
Our team of mortgage brokers are here and ready to assist you and we can speak at a time convenient for you and even over a video call if you prefer a face-to-face conversation with your advisor.
Why choose us
Relationships with the mortgage lenders and decision-makers so your application gets treated on merit and not just by a computer making the decision.
Qualified and experienced mortgage brokers who are here to help you get the most suitable possible deal – we work for you, not the banks!
Access to 90+ Banks, Building Societies and specialist lenders so whatever your circumstance we will know a lender who can consider your application.
Access to exclusive “Broker only” rates and products so we can get you the most suitable terms possible for your circumstance.
Face-to-face. After your initial inquiry, we will arrange a face-to-face meeting over Zoom.