Equity Release options in North Somerset

Is Equity Release right for me?

Do you wish or need to release some of the equity built up in your home?
Are you a home owner aged over 55?
Do you wish to make use of the cash tied up in your property?
Do you want to enjoy the benefits of the equity in your home without having to downsize?
Are you unable to access this equity by taking out a new mortgage or increasing an existing one?  
Releasing equity using a traditional mortgage may not be an option for all older or retired homeowners. A traditional mortgage is often based on a homeowner’s disposable income, the term over which the loan will be repaid and the amount of equity remaining within the property. Many lenders will not provide loans beyond retirement, even to those who have built up large sums of equity in their property.

Your home is likely to be your biggest asset, particularly if you have benefited from the huge increase in house prices. But what good is it to have all that money tied up in your bricks and mortar, if you can’t afford to enjoy life to the full?  
This is where an Equity Release product could help.

What is Equity Release?

Equity Release refers to a wide range of products that allow age 55+ homeowners to take out some of the equity tied up in their home either as a one-off lump sum, regular smaller payments or a combination of both. Unlike a traditional mortgage, the amount of equity released is generally not dependent upon the homeowner’s disposable income. Instead, the provider will calculate how much equity they are prepared to release based on the age of the homeowner and the value of their property. Put simply, the older the homeowner the greater the amount of equity they are able to release. These products can therefore be of real benefit to homeowners with limited disposable income. 

Why choose Weston Mortgages Online for your Equity Release solution?

There are potential issues attached to every financial decision taken including Equity Release. Weston  Mortgages Online have specialist advisers on hand to ensure that you fully understand all of the implications before you make the final decision as to whether an Equity Release plan is right for you. 

As Weston Mortgages Online are professional and impartial it means we are not tied to any particular Equity Release provider and will fully review your situation and make a recommendation specifically tailored to your individual circumstances.Equity Release is not always the right solution so at Weston Mortgages Online we will consider all of the options available and will make you aware when we feel the benefits of an Equity Release plan are being outweighed by the disadvantages. 

We will also encourage you to involve your family in the process to ensure they fully understand the implications Equity Release can have both on your financial situation and ultimately your estate.   

To find out which type of plan is best for your individual needs and circumstances, simply get in touch with us and we can arrange a free, no-obligation consultation in the comfort of your own home with one of our expert advisers. 

Our Guide to Equity Release

The next steps...

Simply get in touch with us. We will arrange a free, no-obligation consultation in the comfort of your own home with one of our expert advisers who will work closely with you throughout the whole process.

Weston Mortgages Online

Hive Business Centre

6 Beaufighter  Road

Weston super Mare

North Somerset

BS24 8EE

01934 442023

info@westonmortgagesonline.com

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