What is equity release.
“Equity” is the term used to describe the difference between the value of your home and any mortgage or loan secured upon it. Equity release provides and effective way to access the capital tied up in the value of your home to enable you to afford the life you want in retirement.
With an equity release scheme you:
- Must be between 55 and 90 years old at the start of the contraact.
- Can get access to a cash lump sum, regular income or both.
- Continue to live in your own home for as long as you wish
- Will remain responsible for maintaining & insuring your home.
Most homeowners have seen their property value increase over the last 5-10 years but they have been unable to unlock the cash tied up in their home - unless they have sold and moved to a smaller property. Equity release provides a great way to release this cash and use it to enhance your lifestyle in retirement. You can choose to have a lump sum or to have a monthly income or a combination of both. All this and there is no need to make a payment during your lifetime as the debt will be settled on death or if you move / go into long term care. It doesn't matter what the money is for; home improvements, holiday of a lifetime, new car, helping out the family or to clear expensive debts.
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Wide choice of equity release schemes
Our highly experienced service will help you understand what equity release is, what’s involved and the options open to you and most importantly if this is right for you and your family. Use the menu on the left hand side to learn more about the different schemes, our specialist service and useful downloads.
Am I eligible for equity release?
We can almost certainly help you with an equity release mortgage or plan if you meet the following criteria- You are a homeowner with little or no mortgage
- You or you & your partner are over 55 years old
Benefits of Marshall Hope Equity release
- Free Initial Consultation ( telephone based or face to face)
- Fixed pricing scheme paying on legal completion, never upfront.
- Review your existing arrangements and aspirations
- Offer independent advice & access to the whole of market
- Support you through the whole process including after sale care.
- Consider other needs such as home insurance, pensions and annuities.
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If you or a family member are over 55 years old and own your own home, equity release could help you unlock the door to more comfortable and affluent retirement. Use your home’s value to;
- Make home improvements
- Provide for family during your lifetime
- Increase your monthly income and improve your lifestyle
- Buy a new car or holiday of a lifetime
- Clear expensive debts
