Equity Release
From the 2023 Mortgage Broker of the Year for later life lending. Equity release allows you to borrow against the value of your property without having to sell it. Contact our Bristol based team for expert advice
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You can either borrow against the value of your home or sell all or part of it in exchange for a lump sum or a regular monthly income (although this is becoming less common). Some plans give you the option to “draw down” further equity (cash) at a later date, based on your requirements.We are proud to be a member of the equity release council the official industry body for the UK equity release sector. So if you’re looking for equity release in Bristol, get in touch today.
Equity Release Advice
Equity release is designed to help those aged 55 plus who either own their property outright or have relatively small mortgages left to pay. Although you can use it to boost your borrowing power and buy a bigger property.
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You can either take out a loan against your home or sell part or all of it to a third party who gives you the right to live in it for life. You can also pay the interest each month, pay part of it or add it to the loan and pay nothing.
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If you pay nothing, the loan is repaid upon your death or if you move into long term care and are unlikely to return. A lifetime mortgage is a long term commitment which could accumulate interest and is secured against your home. Equity release is not right for everyone and may reduce the value of your estate.
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Contact us today or book an appointment online
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Book an Appointment
Is there an alternative to equity release?
Before taking out an equity release plan, you should check what the alternatives are. For instance, you may have other investments, savings or assets to draw on, or you may wish to continue some form of paid work. You could downsize to a smaller property or one of lower value – perhaps by moving to a smaller home or to a different part of the UK where house prices are cheaper. Alternatively, you could look at more traditional mortgages.
Who qualifies for equity release?
Equity release is designed to help customers aged 55 plus who either own their property outright or have relatively small mortgages left to pay, although you can use it to buy a property as well.A lifetime mortgage is a long-term commitment which could accumulate interest and is secured against your home. Equity release is not right for everyone and may reduce the value of your estateSo if you’re looking for an expert Equity Release adviser approved by the Equity Release Council then contact us today.Please feel free to use the contact form or book an appointment online. Visit out contact us page if you would like to call or email us.
Your Data
Financial Web Ltd Trading As Clifton Mortgages will be what is known as the ‘controller’ of the personal data you provide to us. We only collect basic personal data about you which does not include any special types of information or location-based information.
Why do you need my data and what will it be used for?
We need to know your basic personal data so we can make contact with you and respond to your message, request or query. All the personal data we process is processed by our staff in the UK.
Who is my data shared with?
Your data will only be shared with third parties if this is necessary to respond to your request. If this is the case, we will seek your permission before passing on your details.
How long do you keep my data for?
We may store your data for up to six years past the end of any business relationship, after which time it will be securely destroyed. If you would no longer like us to process your data at any time, you have the right to object to processing of your data. To do this, please contact [email protected]
What are my rights?
You have the right to object to the processing of your data. You also have the right to request access to your data at any time. You have the right to rectification and/or erasure of personal data or restriction of processing. If you wish to raise a concern related to how we have handled your personal data, you can contact us to have the matter investigated at [email protected]. If you are not satisfied with our response or believe we are processing your personal data not in accordance with the law, you can complain to the information commissioner’s office: https://ico.org.uk