Equity Release - A Busy 2019
With house prices having risen sharply over recent years, equity release is a popular way to access the capital tied up in property. The number of homeowners releasing equity between January and March 2019 increased by 10% versus the figure for the same period in 2018, with 20,397 owners releasing £936 million in property wealth.
Research shows that the money is used for a variety of purposes - to provide additional retirement income, pay off existing mortgages and other loans, fund home improvements and to provide lifetime gifts for family members, often to help them get onto the property ladder.
A lifetime mortgage is a long-term commitment which could accumulate interest and is secured against your home. Equity release is not right for everyone and may reduce the value of your estate.
We can help you!
Your home may be repossessed if you do not keep up repayments on your mortgage
Simmonds Mortgage Services is an appointed representative of Stonebridge Mortgage Solutions Ltd and can source the most appropriate cover from its panel of insurers with a free review of you overall protection and insurance needs. As with all insurance policies, conditions and exclusions will apply.