Skip to main content

Equity Release Plans

The Benefits Of Equity Release

By Equity Release

Equity release is a fantastic option for many homeowners when used correctly. By viewing different equity release plans, you can find the right plan, taking advantage of the benefits of equity release. Read on for some of the biggest benefits of releasing equity.

Essex Equity Release offer advice regarding all equity release plans. We can also make a recommendation so you have a good understanding of the best plan for your specifications.

Paying Off Existing Debts

As you get older, you want to make sure that any existing debts you have from earlier in life are dealt with and fully paid off. Therefore, you can enjoy the latter stages of life without worrying about repayments.

By taking out an equity release plan, you will receive a lump sum of money. Whether the debts you currently have are small or little, you can use this lump sum however you like. You could be left with a lot of money once debts are paid off or only a small fund. Either way, this can get a massive financial burden off your chest, completely clearing debts.

Live In Your Home Rent Free

Despite receiving money for part of your property’s value, you will never have to move out. This means you can live in your home rent-free until you and your partner pass away or move into long-term care. With money still available from the equity release plan, this can give you a very comfortable living situation.

The more common alternatives to equity release is to sell your home and downsize, get a loan or decide to rent for the rest of your life and sell your home. Equity offers a much more suitable options and means you can stay in a home that you love without monthly payments.

Tax-Free Money

Benefits of equity release also include all money being completely tax-free. Regardless of how much money you would like to receive in your plan, you will not be taxed for any of this. This makes it a great option to receive the highest amount of money possible, as long as the plan is suitable for your specifications.

No Negative Equity Guarantee

No negative equity guarantee is offered by all equity release schemes approved by the Equity Release Council. This means, when you sell your home, the amount of money you owe to your provider will never be more than the value you sell your property for.

Even if your outstanding debt is more than what the property is sold for, you will not have to repay it. This ensures that homeowners who release equity will never be left in debt. Additionally, no debt can be passed onto children and other family members.

Spend The Money How You Like

Once equity has been released, that money is yours to spend how you like. There are absolutely no restrictions on what you can do with it. Whether you want to help out family members, travel a bit more or just live with financial freedom, the choice is completely up to you.

This means you can live a lot more leisurely if you desire. Meanwhile, also having the option of how you would like to make repayments. This gives you a lot more financial stability and power so you no longer have to worry about money.

Contact Us

For more information regarding the benefits of equity release and whether it is the right option for you, book an appointment with Essex Equity Release today. You will receive a fast response from our team. We will organise a chat at your home, our office, via email or over the phone. Call us on 01268 799211 or fill in our contact form to make an enquiry.

The Right Time To Release Equity

By Equity Release

Many homeowners are unsure whether equity release is right for them. If you are considering to release equity, it is important to know which plan is best for you and what the benefits are. However, you should also consider if it is the right time for you to release equity.

Essex Equity Release offer unbiased and expert equity advice in Essex and throughout the surrounding areas. With our support, finding the right time to release equity is never an issue.

Legal Requirements

Firstly, not everyone can release equity. Sometimes this isn’t even dependant on age. Your property value may not be high enough or other factors mean there are no equity plans suitable for you. You should never assume that you can take out equity release as you must meet the criteria and legal requirements of a plan.

There are two main types of equity release schemes, which are lifetime mortgages and home reversions. You and your partner, if you are borrowing jointly, must be at least 55 years old before you can use a lifetime mortgage. To choose a home reversion equity plan, you and your partner must be at least 65 years old.

In addition to your age, you must own a property in the UK as your main residence. The property must be in reasonable condition and over a certain value, depending on the plan you are looking to choose. Not all property types will be accepted so this will also be a factor. Equity release may also not be suitable if you have dependants living with you. Additionally, if you already have existing secured loans or mortgages against your property.

Is Equity Release The Perfect Option?

Equity release allows you to release funds from your property, without having to sell your home. With many equity release schemes, repayment will only be required when you pass away or move into long term care. For many, it seems like the perfect way to gain extra money without having to constantly worry about monthly repayments or being left in debt. Debt is never an issue as all equity release plans at Essex Equity Release offer a “No Negative Equity Guarantee”.

Despite this, it is not the best option for all homeowner. It is very important to consider the different options you have available. Deciding to release equity at any age may give you the funds you need for holidaying or to help out family. You can use this for whatever you like. However, it is important you release equity for the right reasons, even if this is just to have more financial security.

There are many benefits to using equity release but repayments will be required towards the end of your life. Some plans will also be more expensive than others, so it is important to find the right plan, rather than jumping at the chance of unlocking cash.

Our advice service ensures the best plan for each individual is always available. With us, you never make any errors releasing equity.

What Age Should I Release Equity?

You may be eager to release equity from your home. However, doing this at the age of 55 could mean you do not receive the best plan you can find. Although it can still be a good option for many homeowners, different and better plans will become available as you get older. Each plan will have its own criteria. For homeowners who are older and have larger property value, plans can often be even better.

Of course, you also want to make sure the cash you unlock from your home is available to use and you can actually enjoy it. Finding the right time to release equity is difficult. However, this can be done by finding a plan that is suitable for your specifications at an age you can enjoy the money, pay off loans or become financially stable.

Contact Us

To discuss the different equity release plans we have available from a number of providers, contact Essex Equity Release today. You will always receive a fast response from our team. Furthermore, appointments are made at a suitable time and location for you. Call us on 01268 799211 or fill in our contact form to make an enquiry.

How Has Equity Release Evolved?

By Equity Release

Equity release has significantly grown in popularity over the past 3 decades and is now a very sustainable and safe option for homeowners. There are several differences in equity schemes to when they were first made available and why they are now such a good option.

Essex Equity Release provide advice to all homeowners. We work with a number of providers to deliver the best schemes and plans for you.

What Was The Problem With Equity Release?

Equity release schemes have been available in the UK for over 30 years. Beginning in the 1980s, the products and schemes that were available caused problems for future development. The schemes that caused difficulties were home income plans. It was predicted the plans would bring significant reward for homeowners, as property value world increase and inflation would be higher than mortgage interest rates.

Homeowners were also advised to invest their money from equity release into stock market bonds. However, this produced poor results. As interest rates rose and property values fell, it left many homeowners to have growing debts due to equity release, rather than being a successful scheme to help homeowners.

Despite this, these schemes are no longer the same. Equity release is a much safer and more beneficial option for homeowners and will provide you with the financial security you desire.

Difference In Opinions

Due to the plans that were available in the 1980s and early 1990s, it meant there was no cap on interest accrued. Homeowners could end up owing everything from the sale of their home and having debt after that.

Nowadays, plans that have been approved by the Equity Release Council ensure there is a no negative equity guarantee. This means the repayment will never be larger than the value your property is sold for. There is never any debt for both homeowners and their children or family members, giving you complete peace of mind over the safety of equity release.

You will also have the option to protect any inheritance you want to leave from the equity release plan, along with leftover funds from the property sale.

How Has Equity Changed?

Equity has changed so there are now two types of popular equity schemes. These are lifetime mortgages and home reversions. Lifetime mortgages mean you do not have to make repayment whilst you are alive or living in your home. The interest will roll up and only has to be repaid when both you and your partner pass away or move into long-term care. This means the house can be sold before any repayment is needed.

Home reversions are slightly different, as you sell a part of your home. A lender will purchase a percentage of your home. When the property is sold, the lender will receive the value for the percentage of the property purchased. The payment you receive could be lower than market value for your home. When it comes to being sold, the lender could receive more money.

Equity Release Plans Today

As of 2017, £3.06bn was extracted from properties according to the Equity Release Council. Increasing by £909m in 2016, this demonstrates the growth in popularity and the reliability of using equity plans in the modern age.

Equity plans have also become more varied, giving you more options suited to all individual specifications. As equity continues to drop in price, you can find beneficial plans for your finances. Meanwhile, you do not have to spend too much money now or in the future.

Contact Us

For more information regarding equity and why this is a safe option for you, contact us today. Essex Equity Release will always provide a fast response, organising a suitable time to visit you at an ideal location. Organise a consultation today and call us on 01268 799211 or fill in our contact form to make an enquiry.

Methods Of Equity Release Repayments

By Equity Release Repayments

Repaying your borrowed sum of equity release is usually the biggest worry for most homeowners. However, as there are now a number of different equity release plans available, this gives you several options when it comes to making repayments.

Essex Equity Release provide advice to all homeowners, individuals and partners. We make sure you fully understand the criteria of your plan and know how you can make equity release repayments.

Home Reversion Repayments

When choosing your equity release plan, you have the choice of both home reversions and lifetime mortgages. Home reversions are slightly different in the way you make a repayment. As a home reversion will mean selling part of your home to a third party, you are not actually borrowing the money and therefore there is no interest or loan repayment.

However, when the property is sold, the percentage owned by the 3rd party will go straight to your provider. This will mean you do not receive the full value for your property to then make the repayment. If your provider purchased 40% of your home’s value at the beginning of the equity release plan, this will mean they are owed 40% of whatever your property is sold for when the plan comes to an end.

Voluntary Repayment Plans

When looking to safeguard inheritance and control your equity release balance, voluntary repayment plans are an ideal option. This plan will give you great flexibility as, rather than the interest piling up, you can continue to make repayments each year without any penalty. Whilst this won’t be the best option for everyone, if you can afford to make early repayments it could be an easy solution for your repayments.

Voluntary repayment plans will allow homeowners to repay up to 15% of the amount borrowed each year. As no penalty is received with this early repayment, it can be a great option to ensure homeowners can pay off money borrowed from equity release as soon as possible. This type of plan is also a great alternative if you have been declined for an interest-only lifetime mortgage.

If you were declined based on affordability, voluntary repayments require no proof of income which could work in your favour.

Long Term Repayment

Traditionally, equity release plans have been created to provide you with a long term financial solution. With the majority of equity release plans that are used, you will be expected to make the repayment when both you and your partner either pass away or move into long term care. This means your property is sold and therefore the equity release will be repaid from the sale of the property.

The amount of equity release you owe will be based on how much you borrow and the interest that has accumulated over the years. This is why voluntary repayments can often be a great option as less interest may have to be paid. However, there are many suitable plans available that will ensure you do not have to pay too much when the house is sold.

Repayments Subject To Criteria

There are several other ways repayment may have to be made. This will depend on the criteria of your plan and what it allows. With some plans, you will have the option of making monthly repayments. Although equity release is commonly used to ensure repayments are not required for a long time, monthly repayments can be made if this is the best option for you.

If you need to make early repayments, this is also possible without choosing a voluntary repayment plan or monthly repayments. However, it could mean you will receive a penalty for making early repayments if this was not in the criteria. Alternatively, you can also find plans that will allow you to both move home or switch equity plans. This could mean that payments are required earlier to switch home or plans.

Contact Us

Essex Equity Release will advise you regarding the equity release plans available and how repayments are made. We can organise a quick consultation for all our clients. You can easily book a suitable time and location for you or complete consultation over the phone or via email. Make an enquiry and call 01268 799211 or fill in our contact form for a fast response.

What Is A Lifetime Mortgage?

By Lifetime Mortgages

A lifetime mortgage is the most popular plan available when you are considering equity release. Understanding what a lifetime mortgage is, is essential to make sure you choose the right plan for your exact specifications. Our advisors can always give you the information and equity plans you need.

Essex Equity Release provide unbiased advice throughout Essex and the surrounding areas. With our team, you have a dependable option for advice regarding equity plans and a lifetime mortgage.

How A Lifetime Mortgage Works

Lifetime mortgages are the most popular option for homeowners looking to release equity. A lifetime mortgage will, usually, last the course of a homeowner’s life. However, there can be exceptions. For example, if you move home and the equity plan criteria does not allow this, repayment will be required. Alternatively, the plan will end if both you and your partner move into long-term care, leaving your home vacant.

Once this happens, the lifetime mortgage will be repaid as one lump sum with the built up interest. Despite this, more and more lifetime mortgages are becoming available where monthly and voluntary repayments are available. As the payments are flexible, you have many more options to find the cheapest plan for your needs.

With all money released during an equity plan, this is tax-free, ensuring you always receive the exact money withdrawn from your home. Our lifetime mortgages also contain a No Negative Equity Guarantee, ensuring you are never left in debt after releasing equity.

Am I Eligible For Lifetime Mortgages?

Depending on the criteria of each equity plan, the amount of money you can borrow will vary, as well as whether you can choose a particular plan. Each provider will have their own rules for who can use their equity plans as well as how much can be released. To be eligible for any lifetime mortgages, you must follow some criteria, including:

  • Minimum Age of Youngest Homeowner Is 55
  • Minimum Property Value Is £70,000
  • Specific Health & Lifestyle of Homeowners

If you have a qualifying medical condition or multiple conditions, this means you could potentially borrow more money. The money you can release and the eligibility for every homeowner is specific to the lifetime mortgages equity release plan that is available. You should always gain information and specifications of multiple plans to find the right option.

Types Of Lifetime Mortgages

Whilst a lifetime mortgage is a type of equity plan, there are several types of lifetime mortgages that you can consider and choose from. As lifetime mortgages have continued to grow in popularity, a variety of different plans have been made available. This includes:

Enhanced Lifetime Mortgage – These plans are based on your health and lifestyle, allowing you to borrow more money or have a lower interest rate. Life expectancy can be used to calculate the maximum equity release, potentially finding you the best plan.

Drawdown Lifetime Mortgage – This equity plan can provide a lower interest rate, as you do not take the maximum amount from equity release. This leaves a cash reserve with the provider if you potentially need more money in the future. As you only take a part of what could be released, this gives you a lower interest rate and repayment.

Interest-Only Lifetime Mortgage – Interest-only plans will allow you to make monthly repayments. Whilst these plans are usually for life, if you would rather make a monthly payment and prevent interest rolling up, this could be the best option for you.

Voluntary Repayment Plans – Similar to an interest-only plan, voluntary repayments allow you to pay up to 15% of what you borrow each year with no early repayment charges. This means the equity can be repaid within a few years and not when your home is sold. Voluntary repayments are also called ad-hoc payments.

With a lifetime mortgage, you will always have the choice between allowing your interest to roll-up or paying your interest as the plan is in motion.

Contact Us

For more information regarding lifetime mortgages and what option is best for you, get in touch with Essex Equity Release . You will always receive a fast response from our team, organising consultation at a suitable time for you with the easiest method. Make an enquiry and call 01268 799211 or fill in our contact form today.

Tips To Choose The Right Equity Plan

By Equity Plan

Choosing the right equity plan is essential for every homeowner. The equity plan you decide on should meet all specifications, so you never regret your decision in the future. As the criteria of each plan is varied, it is important to consider several aspects of the equity plan.

Essex Equity Release offer advice and tips for every equity plan, ensuring you have the information you need to make a good decision.

Long-Term Needs

When choosing our equity plan, it can be easy to think solely about the amount of money you are receiving. Whilst, in the short-term, this is a big priority, it is important to consider your long-term needs. A plan which offers the most money but has a higher interest rate may not help you in the long-term.

By finding a plan that does offer enough funds in the short-term, without having to make monthly repayments or a large lump sum with built-up interest, is always ideal in the long-term. Homeowners must consider which plans are best for now and your future, rather than focusing on the initial money received.

Switching Properties & Plans

Within the equity plan you decide, this will usually include criteria on whether you can switch properties or plans. Many of the equity release plans that are available today offer much better rates and specifications than previous plans. This trend could continue in the future so having the option to change your plan in the future could be ideal.

Whether you are looking to switch properties to a similar style or decide to downsize, this will also need to be included within the plan specifications. If you are considering downsizing, you should also think if there is a need to release an equity plan. Several equity release plans will be available that allow you to downsize. Finding a plan which offers more funds than downsizing would create is essential when you are switching property.

How Much Will It Cost You?

Whilst equity release does not have to be repaid until both you and your partner move out of the home or pass away, it is still important to consider how much each plan will cost you. The majority of homeowners want to leave an inheritance for their family. All our plans have a No Negative Equity Guarantee, meaning there is no debt that your families could inherit.

However, to make sure they receive inheritance once the house is sold, there are several factors to consider within the plan. This includes ring-fencing a certain amount of money you take out that can be left as an inheritance. Alternatively, you can choose to make monthly payments or an early repayment so interest does not build-up or find a plan that will leave you with leftover funds once the property is sold.

You may not want to make monthly repayments, however, this could be the best option for your needs.

Family Considerations

Your equity plan is specific to your requirements but talking to your family about your options is also important. Our team can recommend a suitable plan for your needs. Despite this, family can also offer good advice and make sure you are considering all aspects of the plan so that you make the right decision.

If you do not want to involve family, close friends can also be involved so you have a good understanding of every plan.

How Much Do You Need To Release?

The plan you choose should not always be what offers the most money. Before selecting your plan, you should think about exactly how much you actually need to release, rather than what is the most you could release.

If you try to release as much as possible, it may not give you the best plan for the future. By thinking about exactly how much you want or need, this can often lead to the best plan being chosen.

Contact Us

If you would like advice regarding equity release plans, get in touch with Essex Equity Release. Our team can quickly organise a suitable time to provide our consultation and give you any information needed. Make an enquiry and call us on 01268 799211 or fill in our contact form today.

What Equity Release Advisors Do

By Equity Release Advisors

Equity release advisors help in a number of ways when you are looking to release equity in your home. Working with many providers to deliver the best equity plans, you should always go through an equity release advisor to find the right option for your needs.

Essex Equity Release offer equity release advise regarding all equity plans. When you require equity release advisors, our team are always available to ensure you select the right option.

Working With Providers

Equity release advisors work with a number of different providers which is particularly beneficial to every homeowner. If you choose to go to one individual provider for advice about your equity plan, you will only be seeing a small selection of the options available unless you decide to go to all the different providers.

With a team of advisors, this will consider each equity plan, as well as offering unbiased advice. Unlike the provider of an equity plan, we want to help you select the correct plan for your specific requirements. Going to a provider could mean you end up picking the best equity plan for that provider to make money.

Understanding Equity Plans

There are several different features to each equity plan, whilst you have the option of lifetime mortgages or home reversions. Many homeowners do not understand the exact specifications of each equity plan. Having a team on hand to offer this support and ensure you know what you are choosing is vital.

With equity release advisors, you will receive detailed advice in regards to every equity plan. This will also take you through the differences in each plan, such as making monthly payments, interest rates, moving home and having a No Negative Equity Guarantee.

All plans available at Essex Equity Release provide a No Negative Equity Guarantee. This ensures when you sell your home, you never owe more money than what the property was sold for.

Recommended Plans

Using the help of an equity release advisor, you will receive a recommended plan based on the criteria you would like achieved. Whilst you do not have to go ahead with the plan we recommend, this does give you what we think is the best option.

As our advice is completely unbiased towards any particular plan or provider, this significantly helps your decision. During our consultation, you will always have the chance to discuss the biggest priorities for your equity plan. With this considered, your recommendation should give you the plan you need and want.

Easy Consultation

There are several ways that you can begin your equity release journey. With the help of equity release advisors, your journey can begin at any time and there are several ways to select your plan and discuss the right option for your needs.

There are several ways our team can provide your advice, including:

  • A Home Visit
  • A Quick Chat Over The Phone
  • By Email
  • Meeting At One Our Local Interview Suites In Basildon, Billericay, Brentwood, Burnham On Crouch, Chelmsford, Epping, Romford & Southend
  • Meeting At Our Benfleet Office

We are happy to give you advice whenever you need, with whichever method is required. This personal service makes going to advisors a great choice for all homeowners.

Stay Protected

The majority of equity plans are now a very viable and strong option for homeowners to take. However, it is important to remain protected against possible dangers of equity plans. Hence, by finding equity release advisors who are part of the Equity Release Council, you can ensure you are protected.

The plans from Equity Release Council members will always have several guarantees to put your mind at ease. This includes helping you leave an inheritance, moving home and never being left in debt when using equity plans.

Contact Us

For more information on the services we offer at Essex Equity Release, get in touch today. Our advisors are happy to support all clients throughout Essex and the surrounding areas with detailed advice on every plan. Make an enquiry and call 01268 799211 or fill in our contact form today.

Why Use Members Of The Equity Release Council?

By Equity Release Council

Using members of the Equity Release Council is essential to ensure your equity plan gives you the guarantees you need. Without the Equity Release Council, you could be putting yourself at risk with an unreliable plan.

Essex Equity Release are members of the Equity Release Council. We will always offer unbiased advice as we try to find the best possible plan for your needs.

What Is The Equity Release Council?

The Equity Release Council (ERC), was originally launched in 1991. After equity release had been commonly mis-sold, the purpose of the council was to safeguard equity release products in order to help all homeowners who decided to use an equity plan.

Working with the UK government, the ERC has worked to make equity release a more reliable and mainstream product. Any members of the ERC will also follow their requirements for any equity release plan. This makes members a reliable option when you are considering equity release.

Choose Equity Release Council Members

With all equity release plans that come from equity release members, there are several guarantees you should receive which will end many of your worries. This includes a No Negative Equity Guarantee, ensuring the repayment you make once your house is sold never outweighs the amount of money your property is sold for. This ensures when your house is sold, you are never left in debt and not liable for any outstanding repayment.

Whilst some of the other features are subject to the criteria of the plan, you should also be able to move home in the future and continue with your monthly plan. You can also remain in your current home as long as necessary and will have the choice between monthly payments and a final lump sum. Monthly payments will never be a necessity with any plan.

Guarantees Of The Equity Release Council

When any company becomes a member, its equity release products must comply with the Statement of Principles. This will ensure that all customers are fully protected, regardless of the final equity release plan you choose. The Statement of Principles includes:

  • Ensure That All Their Actions Promote Public Confidence in Equity Release As A Potential Retirement Solution
  • Act At All Times in Utmost Good Faith
  • Communicate High Expectations for Equity Release Outcomes in All Their Dealings
  • Ensure Conflicts of Interest Are Managed Fairly and Reduced to the Lowest Practical Level
  • Exercise Due Skill, Care and Diligence In All That They Do
  • Uphold the Standards Set Out By Their Professional Bodies At All Times
  • Always Act With The Best Interests of Their Clients Being Paramount, Treating Customers Fairly In All Their Actions

All members of the Equity Release Council should comply with the Statement of Principles, ensuring all customers receive the best possible plan for their own needs. With both lifetime mortgages and home reversions available, it is important you choose a member of the Equity Release Council, so you have the best possible advice regarding every equity release plan.

Essex Equity Release ensure every client receives completely unbiased advice. As the plans we offer come from many different providers, you should have complete trust in our advice service. We will always find the best plan for your specific needs.

Contact Us

For more information regarding equity release plans or why you should use approved members, get in touch with Essex Equity Release. We will always provide the advice you require and can book a full consultation and appointment to discuss your needs. Make an enquiry and call us on 01268 799211 or fill in our contact form today.

5 Reasons To Release Equity

By Release Equity

Equity release isn’t ideal for everyone and there are several factors and specifications you should consider before releasing equity. Despite this, it can still be a very good option for the majority of homeowners. There are many benefits and reasons that you should release equity from your home.

Essex Equity Release can provide advice to all homeowners regarding equity release. We make sure you always have the information you need to choose the right plan.

Cut Costs & Remove Debts

One of the most popular reasons for releasing equity is to prevent future costs and pay off any outstanding debts that you still have. In later life, you will often want to get most payments out of the way so you can enjoy your remaining life, without worrying about outgoing payments.

This allows you to keep any income you still have rather than immediately losing it due to repayments and debt. Helping you cut costs in the short and long-term, you should still have money leftover from equity release after that to ease any financial burdens.

Holidays, Travelling & Spending

In a recent survey by Over 50 Choices, holiday and travel were listed as the reason for releasing equity by 4% of people. Despite this being a small number, it is still a great option. If you have a strong financial position but do not have lots of disposable income, releasing equity can make your later years much more enjoyable.

Whether you are looking to purchase a vehicle, take a trip to the Caribbean or buy a holiday home, you are not limited by your spending when releasing equity. You can use the money to fund anything you require!

You should always be able to live your life the way you want. With the help of equity release plans, this is something you can easily achieve.

Gifting Family Members

Equity release doesn’t have to be used for your own benefits. If family members or close friends are struggling with financial issues, gifting family members could be one of the best options for you after releasing equity.

As you have complete freedom over what you do with your money, supporting family members can always be a good choice. Whether this is to help them with debts, mortgages or loans or it is a different financial issue, releasing equity can always ease your worries.

Receive A Plan Suitable For You

Another reason you should release equity is that, with many plans available, you can always find an option suited to your needs. Our team will advise you regarding all plans and make sure you receive the lump sum you require at a fair interest rate, so you never have to worry about repayments until you have passed away or moved into long term care.

Additionally, with most equity plans, you have the option to ring-fence a certain amount of money, allowing you to leave an inheritance. With so many plans available, you can always find a criteria that matches your specifications.

Staying In Your Home & Making Repayments

The biggest benefit of releasing equity is the fact you can stay in your home until both you and your partner have moved into long term care or passed away, without making repayments. This makes equity release unique among different types of loans, as you will never have to make monthly repayments.

With a no negative equity guarantee also included in all plans, this ensures when you have to sell the property, your repayment will never be larger than the amount the property was sold for.

Contact Us

If you would like to release equity or want more information regarding the plans that we have available, get in touch with Essex Equity Release today. We can make a quick booking to discuss your requirements and find the perfect plan for your needs. Call us today on 01268 799211 or fill in our contact form to make an enquiry.