Skip to main content

MENU
  • Home
  • Our Company
    • Our CompanyPrivacy PolicyCookie Policy
  • Our Team
  • Testimonials
  • Online Enquiry
    • GeneralMortgageProtection
  • Articles
    • Difference Between Life Insurance & Life AssuranceRemortgaging ExplainedMortgages for First-Time Buyers: Everything You Need to KnowGetting A Mortgage with Poor CreditSaving vs Investing: an important differenceMortgage Advice before MortgageMortgages explained for first-time buyersWhat makes a good mortgage adviser?Insurance Brokers in Newcastle under LymeInsurance Brokers in Stoke-on-TrentMortgage Brokers in Newcastle under LymeMortgage Brokers in Stoke-on-Trent
  • Contact Us
  • Mortgages
    • Mortgages
    • Introduction to Mortgages
    • Mortgage Repayment
    • First Time Buyer
    • Remortgaging
    • Standard Variable Rate Mortgages
    • Fixed Rate Mortgages
    • Tracker Mortgages
    • Cashback Mortgages
    • Offset Mortgages
    • Second Charge Mortgages
    • Buy to Let
    • Self Build Mortgages
  • Protection
    • Protection
    • Introduction to Protection
    • Mortgage Protection
    • Redundancy / Unemployment
  • Life Assurance
    • Life Assurance
    • Introduction to Life Assurance
    • Family Income Benefit
  • Health Insurance
    • Health Insurance
    • Introduction to Health Insurance
    • Private Medical
    • Critical Illness
    • Income Protection
  • General Insurance
    • General Insurance
    • Introduction to General Insurance
  • Equity Release
    • Equity Release
    • Introduction to Equity Release
    • Types of Equity Release
    • Lifetime Mortgage
    • Drawdown Lifetime Mortgage
    • Home Income Plan
    • Home Reversion Plan
    • Costs
  • Mortgage Borrowing Calculator
  • Mortgage Repayment Calculator
  • Mortgage Overpayment Calculator
  • Research Links
  • Mortgages
    • Introduction to Mortgages
    • Mortgage Repayment
    • First Time Buyer
    • Remortgaging
    • Standard Variable Rate Mortgages
    • Fixed Rate Mortgages
    • Tracker Mortgages
    • Cashback Mortgages
    • Offset Mortgages
    • Second Charge Mortgages
    • Buy to Let
    • Self Build Mortgages
  • Protection
    • Introduction to Protection
    • Mortgage Protection
    • Redundancy / Unemployment
  • Life Assurance
    • Introduction to Life Assurance
    • Family Income Benefit
  • Health Insurance
    • Introduction to Health Insurance
    • Private Medical
    • Critical Illness
    • Income Protection
  • General Insurance
    • Introduction to General Insurance
  • Equity Release
    • Introduction to Equity Release
    • Types of Equity Release
    • Lifetime Mortgage
    • Drawdown Lifetime Mortgage
    • Home Income Plan
    • Home Reversion Plan
    • Costs
  • Mortgage Borrowing Calculator
  • Mortgage Repayment Calculator
  • Mortgage Overpayment Calculator
  • Research Links

Call Us Now 01782 346 491 Send Us An Enquiry
  • Home
  • Introduction to Equity Release

Introduction to Equity Release

Are you looking for an additional income, or looking to realise the value of your assets? You can access the cash value of your home by using an equity release scheme, but you should seek out expert advice before doing so. You can call one of our independent equity release advisers today on 01782 346 491 – or you can visit our offices in Newcastle-Under-Lyme, close to Stoke-on-Trent – to get advice on the most suitable equity release schemes for your particular circumstances.

Equity release: unlock money from your home for a more comfortable retirement

Equity release is typically available to people who are over the age of 55 and have their own home with a significant amount of equity, but don’t have enough money or income for their needs. By releasing equity in the form of a lifetime mortgage or home reversion plan, it enables the individual(s) to remain in their home and raise money for things such as:

  • to generate a capital lump sum
  • to provide an additional income
  • to provide lifetime gifts to relatives
  • for home improvements
  • for holiday home purchase
  • to fund long term care

Where equity release is a suitable solution and you take out a lifetime mortgage or home reversion plan, the money does not usually need to be paid back or the home sold until the last remaining borrower dies or moves into care, although this may not be the case, for example if you make repayments to preserve as much of the inheritable estate as possible. 

Is equity release right for me?

Whilst there are benefits for people in this situation, equity release isn’t for everyone and the benefits need to be weighed up alongside drawbacks, such as equity release can:

  • be expensive 
  • impact on you being able to claim certain state benefits and your personal tax position.
  • impact on local authority grants / other grants (i.e. for essential home improvements)
  • potentially erode any inheritance passed down to loved ones

Also, there may be alternative options available to you that need to be explored before taking the equity release route, such as consideration of a conventional mortgage as an alternative, moving to a smaller home, using any savings or investments and potentially selling the home and moving into rented accommodation or living with children or other relatives. 

Don’t worry as we can help you understand all the features and drawbacks so you can make a fully informed decision.

Expert financial advice on what is right for you

As financial advisers with the required equity release qualification and training, we can assess your individual circumstances and needs, and then give you expert advice on the right course of action for you. The benefits need to outweigh the drawbacks to ensure equity release is more suitable than alternative methods of raising funds.

It’s often said that you can’t buy peace of mind; however that’s exactly what our financial service does, as you can rest assured knowing you have the right solution for you.

It is advised that customers seek independent legal advice before entering into a legally binding equity release contract.

EQUITY RELEASE MAY REQUIRE A LIFETIME MORTGAGE OR HOME REVERSION PLAN. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.

If you’re looking for advice on choosing an equity release scheme, we can help. We’re a team of independent experts based in Newcastle-Under-Lyme and also serving clients in Stoke-on-Trent and the wider Staffordshire area. For independent equity release advice, call us today on 01782 346 491.

Company address: Synchro Mortgage Solutions Limited, Synchro House, 512 Etruria Road, Newcastle Under Lyme, Staffordshire , ST5 0SY
T: 01782 346 491 Email: [email protected]

Synchro Mortgage Solutions Ltd is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Limited, which are authorised and regulated by the Financial Conduct Authority in England and Wales.

Synchro Mortgage Solutions Ltd is entered on the Financial Services Register (https://register.fca.org.uk/s/) under reference 503078. Registered in England and Wales.

The guidance and/or Information contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

Company Registration Number: 06582889. Registered address same as company address.

Synchro Mortgage Solutions are highly experienced insurance and mortgage brokers based in Newcastle-Under-Lyme and Stoke-on-Trent.

Mortgage Brokers in Newcastle under Lyme

Insurance Brokers in Newcastle under Lyme

Mortgage Brokers in Stoke-on-Trent

Insurance Brokers in Stoke-on-Trent

Our initial advice is provided free of charge. There may be a fee for arranging your mortgage, the precise amount will depend upon your scenario and circumstances but this will typically be £495, payable on completion.

© Copyright 2022 WEBPRO Mortgage. All Rights Reserved.

mortgage web template by WEBPRO Mortgage