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Are you an older resident of Sutton Coldfield who needs to find a way to access the cash built up in your property? Equity Release could be the solution you’re looking for.
This type of mortgage enables you to turn the money you’ve built up in your home into a lump sum, or you could opt to receive a regular income. This could be a great way to help fund your retirement, pay off debts, or make home improvements.
Equity Release could be available in the form of a Lifetime Mortgage, which allows you to borrow a portion of the equity in your home. This is open to homeowners aged 55 and over, providing your home is their primary residence.
The loan amount is repaid when the homeowner dies or moves into long-term care, at which point the interest accrued will be added to the loan amount. It’s possible to make monthly repayments if you choose, but it is more common for the interest to simply build up as part of the loan.
It’s essential to seek advice from a mortgage advisor in Sutton Coldfield before entering into an Equity Release agreement. They will be able to explain all the features and risks involved, and provide you with a personalised illustration.
A mortgage broker in Sutton Coldfield like us will also be able to discuss all the other options available, such as Home Reversion Plans. This involves selling all or part of your home to a plan provider in exchange for a tax-free lump sum.
Get in touch today and we can help you find the right solution for your individual circumstances.
To understand the features and risks, ask for a personalised illustration. Equity Release may come in the form of a lifetime mortgage or home reversion plan.
A lifetime mortgage may impact the value of your estate and it could affect your entitlement to current and future means tested benefits. The loan plus accrued interest will repayable upon death or moving into long term care.
A home reversion plan involves selling all or part of your home to a plan provider in exchange for a tax-free lump sum.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £995.
You should always think carefully before securing a loan against your property.
A lifetime mortgage will reduce the value of your estate and may affect your entitlement to means tested benefits.
Clearing existing mortgage with a lifetime mortgage may result in higher cost of borrowing.
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Helpful and knowledgeable. Helped me make good decisions and managed to get the best possible deal.
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This has been a very challenging process that has taken a number of years to achieve. Birminghammoneyman brokers has been pivotal to me achieving my dream home. They have been patient and consistent in support and guidance. They are very reasonably...
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They were really supportive and faster. I highly recommend their services.
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I am very impressed and pleased with the service provided. Both Dan and Jonathan are consummate professionals who kept me informed at every stage of the process and were always on hand to answer any questions. They were sympathetic and eager to...
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Tayla-Leigh
The service that we received from Wayne and the team at UKMoneyMan was amazing. A straightforward and easy process. We highly recommend MoneyMan, especially to those that are first time buyers, everyone was so knowledgable and helpful. Friendly...
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everyone from the money man uk team was a delight to work with, they made it all easy and stress free time for us and gave us all the support we needed. they was a pleasure to work with we will recommend them to family and friends and any future...
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Anonymous
Dan was very helpful and knowledgeable and dealt with our mortgage quickly and efficiently.
1 year ago
Philip
Dan and Jonathan were very helpful and explained everything in detail. We were able to then make an informed decision on our lifetime mortgage.
1 year ago
Philip
Dan and Jonathen explained everything in a clear and concise manner and were quick to address any concerns. All in all it has been a straightforward experience.
1 year ago
Anonymous
Great brokers, very helpful and efficient.
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During your free initial mortgage appointment, our later life mortgage advisors in Sutton Coldfield will discuss your inheritance plans and goals with you.
You can book your free initial mortgage appointment online and pick a date and time that suits you. We have availability 7 days a week!
Before considering equity release and lifetime mortgages, we will explore alternative options that may be better tailored to your specific situation. These alternatives will be given priority in our assessment process.
From retirement mortgages to possible charity participation, we’ll look at the most suitable options for you before releasing equity from your home.
Considering the significance of later life mortgages, we strongly encourage our customers to include their family or trusted parties in the discussions. We believe their involvement can be valuable in making well-informed decisions.
Our aim is to ensure you have a clear understanding of everything involved so that you can make informed and agreeable choices.
Should our assessment reveal that equity release is either suitable or unsuitable for your specific needs, our experienced later life mortgage advisors in Sutton Coldfield will guide you towards the relevant services that can provide further assistance in developing your plans.
We are dedicated to ensuring you receive the support and resources necessary to make informed decisions about your financial future.
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Birminghammoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Birminghammoneyman 2025.
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Birminghammoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Birminghammoneyman 2025.
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