We make equity release and over 55 home loans simple in Chiswick, W4
By releasing equity from your property in Chiswick, Gunnersbury, or Kew, you enjoy a more flexible and comfortable retirement. Equity release is the process of unlocking some of the value of your house and turning it into money. This can be used for anything you wish from paying off an existing mortgage or clearing debt to use the money for home improvements such as house extensions, or helping family members to get a foot on the property ladder.
People over the age of 55 can release equity and continue staying in their homes for as long as they like. Our impartial and professional equity release advisors will spend time with you to understand your financial position so they can recommend the best equity release products that are a good fit for your needs.
Our local equity release brokers have access to the whole of the equity release market, so they can search across hundreds of available products to assess the right one for you. They also have access to other financial products, such as retirement interest-only mortgages and residential mortgages.
Sometimes people are concerned about whether equity release is safe and the answer is yes. Equity release products are governed by the Financial Conduct Authority (FCA). We are also FCA-regulated.
Our equity release brokers can offer a free and no-obligation consultation to find out more about your financial position. We can help you understand how equity release works and to see whether it is something you wish to explore further. We can also offer inheritance tax planning and trust planning. Read our blog: Inheritance tax and equity release – what you need to know.
For more information, please call 020 3840 5011.
Why release equity in Chiswick? The area has seen exponential value increases
Over the years properties in Chiswick and other parts of London have seen their prices rise exponentially. Due to elevated demand and low supply, they continue to be pushed up.
Chiswick is an extremely popular part of London for professionals and families. This West London suburb is right on the Thames and has a bustling High Street, great schools, and excellent transport links. It is regularly voted as one of the best places for families in London. If you are keen to know how much money you could raise through equity release, please use our equity release calculator.
According to the property site Rightmove, in 2021 the majority of property sales were flats and made an average of just over £729,000. Terraced houses sold for an average of £1.175m with semi-detached properties fetching £1.8m. The average price in the area was £1.1m. Prices were up 13 per cent on the previous year and 14 per cent on the 2017 peak.
To book a consultation with our independent equity release brokers, please call now on 0203 840 5011.
Specialist equity release advisors for Lifetime Mortgages in Gunnersbury
There are two main types of equity release mortgages available in Gunnersbury, Chiswick, or Barnes: Lifetime Mortgages and Home Reversion Plans. Lifetime Mortgages make up the vast majority of equity release plans. This is a loan secured against your home which allows you to release a tax-free lump sum from the equity held within your house.
With all Lifetime Mortgages, you will retain the ownership of your home so you will benefit from any increases in its value over time. There are many different Lifetime Mortgages available on the market. These include products that allow you to access the money in smaller sums as you need it or mortgages that allow you to service the interest to stop it from rolling up over time.
The mortgage is usually paid back when you die or move into long term care. This means you do not have to make any monthly repayments unless you choose the option to serve some or all of the interest amount.
Equity release is not always the right choice for everyone. It may affect your entitlement to state benefits and will reduce the value of your estate. You must talk to equity release advisors and seek professional advice so you can decide if it is right for you.
All our equity release mortgage products have a no negative equity guarantee which means that you or your estate will never have to pay back more than the home can be sold for, providing it is sold for the best price that is reasonably obtainable. For more questions, please see our FAQs.
W4 Home Reversion Plans
Home Reversion Plans form a tiny part of the equity release market in Chiswick. They are an equity release mortgage available for those aged 65 and over. These types of products involve selling part or all of your home to a plan provider in return for a cash lump sum. This is usually higher than the sum you can raise from a Lifetime Mortgage, but all or part of your home will belong to the provider, although you can remain living there for the rest of your life rent-free.
Home Reversion Plans are not a loan, so there is no interest to pay. However, you will never benefit from any increase in the value of the property and if you choose to buy back the share of the property sold to the provider you will have to do so at full market value.
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Appointments can be arranged in the comfort of your own home with Martin in Bayswater and the surrounding local areas including:-
