Equity Release
Equity release involves unlocking some of the value in your home, converting it into tax-free cash that can be put to work in many ways.
These include repaying an interest-only mortgage, consolidating debt, carrying out home improvements, or even helping younger family members with a deposit to buy their first home.
Many people decide they’d like to enjoy a dream holiday or make some long sought-after improvements to their lifestyle. After all, shouldn’t retirement be enjoyed rather than endured?
While equity release can seem like an ideal solution, it is not a decision to take lightly. There is a wealth of implications to consider when planning a lifetime mortgage, such as a decrease in the value of your estate, and your future entitlement to means-tested state benefits (including Pension Credit and Council Tax Support).
Our friendly Equity Release/Lifetime Mortgage adviser, who works with understanding, detailed knowledge, and plain common sense.
Your first discussion with our adviser is always free of charge and with no future obligation. You are very welcome to bring a close family member or trusted friend to the meeting, or if it’s easier, we will be more than happy to visit you at home.
We can also assure you that no question is “too silly” to ask. We want you to be able to speak openly about such a huge financial decision and to be clear, comfortable, and confident about the choices you make.
Is it for everyone?
Like all financial products, Equity Release isn’t right for everyone. But for some people, unlocking money tied up in property can make a real difference, whether looking to make some home improvements, gift money to family or consolidate debt. We will carefully advise you as if it is right for you and highlight the impact of the future value of your estate and any affect on any means tested benefits if being received.
Can I move home afterwards?
Many standard agreements will allow you to move the loan to a new property but there are some exceptions such as retirement homes which our team will discuss with you.
When is the loan paid back?
The loan is usually paid back either when you die or when the property is sold.
Equity Release/ Lifetime Mortgages/ Home Reversion will reduce the value of your estate and can affect your eligibility for means tested benefits.
Let us contact you
Simply complete the details above, and a member of our friendly team will call or email to arrange an appointment.
View our Privacy Policy
Important: Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured upon it. A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. We typically charge £499. However, our maximum fee is £749, and our minimum fee is £99. Our fee is payable before we do any chargeable work on offer. Tiered pricing table dependent on circumstances.
• Complex Transactions including Complex Income, Debt Consolidation and Adverse/Sub Prime £749
• Residential Purchases £499
• Residential Remortgages £299
• Product Transfers £99.
What is the next step
Step 1
Life continually moves on and with that comes increased responsibility. Whether you are buying a home or starting a family, it is an exciting time but you must plan ahead now to ensure that if something goes wrong, you and your loved ones are fully protected.
Step 2
Speak to our friendly team to discuss your needs. Simply book an appointment and we will advise you on the right level of cover. With whole of market access we will ensure you find the right products for your individual needs.
Step 3
Our expert team have a wealth of experience helping individuals and couples plan for their futures. Whether you are considering mortgages, life insurance or income protection we will find the right option for your circumstances protecting you for the future.
Ready to talk to a professional
Important: Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured upon it. A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. We typically charge £499. However, our maximum fee is £749, and our minimum fee is £99. Our fee is payable before we do any chargeable work on offer. Tiered pricing table dependent on circumstances.
• Complex Transactions including Complex Income, Debt Consolidation and Adverse/Sub Prime £749
• Residential Purchases £499
• Residential Remortgages £299
• Product Transfers £99
Equity release is a complicated process so let us help unravel the information so you can make a more informed decision.
Frequently asked questions
What is equity release?
Equity release is a way to unlock the value in your property and turn into cash. There are a range of products that will help you. You must be over the age of 55 and you can apply to borrow whether you have an existing mortgage or not.
How much can I potentially borrow?
In the main, the amount you can borrow is based on your age, value of your property and the condition of your health. The amount you are able to borrow is dependant on your requirements first and foremost with all other options considered before entering into an arrangement.
Couldn’t find your answer? Ask a question
Let’s get started
To arrange an appointment with our friendly team, all you have to do is click the button below. We’re looking forward to meeting you.
Mortgage
Insurance
Equity Release
Newsletter
About:
Chambers Financial Services Limited is an appointed representative of Quilter Financial Services Limited and Quilter Mortgage Planning Limited which are authorised and regulated by the Financial Conduct Authority. Click here for more information. Internet Privacy Policy
Approver Quilter Financial Services Limited & Quilter Mortgage Planning Limited 11/01/2024
Find us at:
Fleet House, 1 Armstrong Road, Benfleet, Essex SS7 4FH
Important:
Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured upon it. A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances.
We typically charge £499. However, our maximum fee is £749, and our minimum fee is £99. Our fee is payable before we do any chargeable work on offer. Tiered pricing table dependent on circumstances.
• Complex Transactions including Complex Income, Debt Consolidation and Adverse/Sub Prime £749
• Residential Purchases £499
• Residential Remortgages £299
• Product Transfers £99
The Financial Conduct Authority do not regulate some buy to let mortgages.
Chambers Financial Services Limited is registered as a company in England & Wales registration number 08201095. Registered address: Arlington House West Station Business Park, Spital Road, Maldon, England, CM9 6FF.
