equity release advantages - Your Property Financial

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.

Then you should consider to look for Equity Release.

Jamie Thunder

2023-03-21

We wouldn't hesitate to recommend Your Property Financial to anyone buying a property. We've dealt directly with Paul at all stages, and he's been friendly, knowledgeable, responsive and clear throughout.

Alejandro Gerardo Gomes

2023-03-09

Thank you so much Your Property Financial and Paul for all the support, advice and help in our process to buy our home. Paul was very professional, friendly, well knowledgeable on property purchase process, timing on answering our questions and he gave us the best advice. I highly recommend Your Property Financial as your first step before you buy your property as they will explain you all the processes and find the best options available for you and they will guide you all the way until the end of the process. Thank you Paul again ☺️

Aziz

2023-03-09

I couldn't recommend Paul enough. He was straightforward and thorough. He has guided through the mortgage process and helped us revise our offers multiple times.

eleni georgiadou

2023-02-23

Paul worked with me and my partner to find the most suitable mortgage and life insurance deals as first time buyers. He has been extremely professional and thorough since day 1, providing information and clarifications in an efficient way. He has also liaised with our solicitors and developer for a smooth and on time exchange without the need to request for an additional extension from the lender. We can’t thank him enough for all his hard work and look forward to working again with him on our upcoming re-mortgage application. We fully recommend his services!

Thor Portess

2023-02-22

Paul assisted me in the purchase and refinance of a property in East Finchley. The process in obtaining the mortgage was smooth and seem less and helped me to purchase the property in a timely manner.

Ioannis Grigoriadis

2023-02-21

Paul has provided us with a great service in a process that is stressful and includes so many variables. His guidance has been invaluable and has led to finding a place we have now moved into and love. He has always been available to talk to us in short notice and gave us ample time to ask questions so that we can feel confident in making informed decisions. He has gone above and beyond and we would highly recommend his services to anyone in the process of buying a home.

Paul Robson

2023-02-04

Paul Tait provided a very thorough service with a great outcome for us. He listened very carefully to us talk about our situation and priorities. Also great at keeping in touch and steering the process to completion in a very tight window. Thanks

Dom P

2023-02-04

Paul is great to work with. He give you a lot of time to explain things and ask questions and is responsive to emails and calls. He’s helped me from start to finish of a property transaction, from searching to moving it. I’d very much recommend Paul.

Richard Nice

2023-01-13

Paul couldn't have been more helpful and friendly. He clearly outlined all the options for our case (which was not that simple) and put us in touch with some other great people to assist with every process. We're very happy with his service and would highly recommend it.

Lucy Fletcher

2022-12-16

Paul worked with myself and my parents to get us the right deal for our new family home. He was able to get us the mortgage we needed in time for our house sale and was able to help with the solicitor side of things which greatly helped hurry the process along. He was very understanding of our situation and was able to help whenever we needed him. I couldn't recommend Paul enough, I will definitely be using him as my financial advisor again.

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.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

This is a lifetime mortgage (home reversion plan). To understand the features and risks, ask for a personalised illustration.

Your Property Financial Ltd (FCA Number:942504) which is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Ltd (FCA Number: 187834) which is authorised and regulated by the Financial Conduct Authority.

The Financial Conduct Authority does not regulate some forms of buy-to-let, overseas and commercial mortgages.

We usually charge a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity.

Your Property Financial Ltd. Registered in England and Wales company number 12940973. Registered office address 5 Ducketts Wharf, South Street, Bishop’s Stortford, Herts, CM23 3AR.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.