Equity Release

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If you’re a homeowner aged 55 or over looking to release some of the equity from your property, an equity release mortgage may be an option for you. Equity release allows you to access the value of your property without having to sell it or move out, giving you more financial flexibility in retirement.

At Mortgage Mentors, we understand that equity release can be a complex product, which is why we offer expert guidance and support throughout the entire process. Our advisors can provide advice on the eligibility criteria for equity release mortgages, as well as the application process and the costs involved.

There are two main types of equity release mortgages: lifetime mortgages and home reversion plans. Lifetime mortgages allow you to borrow money against the value of your property and the interest is added to the loan, which is repaid when you sell the property or pass away. Home reversion plans involve selling a percentage of your property to a lender in exchange for a lump sum or regular payments.

Our advisors can help you to understand the different types of equity release products available, and find the most suitable product for your individual circumstances. We can also provide advice on the potential risks and benefits of equity release, such as impact on inheritance and eligibility for means-tested benefits.

At Mortgage Mentors, we believe that everyone deserves the opportunity to make the most of their retirement years, which is why we offer expert guidance and support on equity release mortgages. Contact us today to see how we can help you access the value of your property with equity release, and provide peace of mind throughout the entire process.