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. 

Equity release is available by referral only.

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 team includes a dedicated Equity Release/Lifetime Mortgage Partner, who works with understanding, detailed knowledge, and plain common sense.

Your first discussion with our Partner 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, our Partner 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.

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Is it for everyone?

We are experienced at helping clients decide if Equity Release is the best way to unlock tax-free cash, offering advice on how it affects future family inheritance.

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Can I move home afterwards?

Most 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.

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When is the loan paid back?

The loan is usually paid back either when you die or when the property is sold.   

Equity release 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.

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. A typical fee is £495.

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. A typical fee is £495.

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.

Why do we use a third party for equity release?

Equity release is a very specialised part of the financial services market, and we have chosen to work with specialist advisers that have the experience to help our clients. We will make an appropriate introduction and liaise with our trusted partners before and during the process.

 

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About:
Chambers Financial Services Limited is an Appointed Representative of Quilter Mortgage Planning Limited which is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales No:08201095, Registered Address:Arlington House West Station Business Park, Spital Road, Maldon, England, CM9 6FF We normally charge a fee for mortgage advice, however this will be dependent on your circumstances. Our Typical fee is £499. Click here for more information. Internet 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. A typical fee is £495.

The Financial Conduct Authority do not regulate buy to let mortgages.

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