If you are looking for an equity release specialist in Colchester, Essex Equity Release work with a range of providers in the local area. Working with these providers, we can find the best plans for you and offer impartial advice. As a family-run business, we can meet your needs and concerns.
For more information about our services in Colchester, please contact Essex Equity Release on 01268 799211.
What is Equity Release
Equity release is eligible for home-owners over the age of 55. You can take the money released as a lump sum or in smaller amounts, or both. There are two main types of equity release on the market; lifetime mortgage and home reversion.
A lifetime mortgage is when you take out a loan against your property’s value while still maintaining ownership. You do not need to repay this loan until you die or go into long-term care. Furthermore, you can keep some of the value of your property as an inheritance for your family.
A home reversion is when you sell all or part of your property for less than market value (between 20% and 60%), in return for regular payments or a lump sum. Home reversion schemes are only available to customers aged 65 and over. Some companies may offer more flexible terms if you have a health condition that may decrease your life expectancy.
Our Equity Release Services
At Essex Equity Release, we have a team of professionals who provide advice on equity release in Colchester. We provide services such as:
- Eligibility for the scheme
- Lifetime mortgages
For more information about the equity release scheme, don’t hesitate to get in touch.
Our advisors here at Essex Equity Release are proud to provide leading equity release advice to customers in Colchester. As members of the Equity Release Council, we follow a strict set of guidelines. This ensures you always receive the best advice. Furthermore, we always act within your best interests.
Working closely with our customers, we can find you the best equity release specialist for your requirements. Our professionals will always try and direct you to make the best decisions for yourself and your family, while remaining fair.