Equity Release

Many clients aged 55 and above come to us to see how they can free up some of the money tied up in their property. Our mortgage advisers specialise in equity releases, and can help you to make the most of your finances in retirement.

Securing your retirement income with equity release

You’re nearing retirement (or you already class yourself as a retiree) and have grand plans. Whether that’s a round-the-world cruise, redoing your garden, or renovating your home, an equity release scheme can help free up some cash.

It also might be the case that you’re considering downsizing in a bid to save some money. With equity release, you don’t need to put your beloved property on the market. You can access some of your home value without selling up. 

Lifetime mortgages vs. home reversion

You’ve got two options; lifetime mortgage or home reversion. Which one is best for you will depend on your circumstances and preferences.

A lifetime mortgage is where you borrow a lump sum against the value of your home. You can also receive the loan in smaller regular payments if you wish. It differs from a traditional mortgage, as you’re not obligated to make monthly repayments.

Instead, interest occurs and is added to your loan balance. This is then repaid when you sell your home, you or your spouse pass away, or move into long-term care. With a lifetime mortgage, you retain ownership of your property and still have the right to live in it.

Whereas home reversion refers to a homeowner selling a portion or the entire property to a provider for less than market value. In return, you’ll get a lump sum or regular smaller payments. This type of equity release is different, as you no longer own the portion of the property you sold to the provider. But you can still live there rent-free.

Get in touch

Tell us about your mortgage requirements and one of our specialist advisors will be in touch within 24 hours.

    Why choose our equity release advisors?

    It’s sensible to seek advice for any type of financial matter. As experts in the industry, we’re here to simplify the process and make it stress-free. Whether you need a hand with managing your finances or you’re simply not sure what route to take, our team will be with you every step of the way. 

    We know understanding the types of equity release can be confusing to the average person. By working with one of our mortgage advisers, you’ll soon understand the lending options available. Like any product or service, there’s pros and cons to each type of equity release—it pays to be well informed so you can make the right decision.

    With years of experience between us, we’ve got a wealth of knowledge to share. So, whether you’re seeking extra cash to fund a cruise, redo those old carpets, or help with your grandchildren’s tuition fees, we’ll make sure you’re in a great position to do so.

    Our advisors are on hand to:

    • Identify the right type of later life lending for your circumstances
    • Explain your options
    • Discuss your affordability
    • Make you aware of any costs and charges associated with lending
    • Provide expert advice and recommendations
    • Align your requirements with the right provider
    • Find you the best deal for the most competitive price
    • Answer any questions you have
    • Be available for you 7 days a week.

    That’s not all. There’s always an adviser at the other end of the phone, so if you need our help at any point, you can reach us. At Mortgage Synergy, we like to help our clients make the most out of their finances.

    This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.