Understand your options with our specialist equity release company in Mayfair, W1

Would you like to join the countless people over the age of 55 who have unlocked money from their home in Mayfair, Covent Garden, or Leicester Square? Equity release allows you to withdraw money from the value of your property with no monthly repayments or the hassle of having to move.

We are FCA-regulated equity release specialists offering you complete peace of mind that you are in safe hands. Our equity release advisors have access to the whole of the equity release market and we can give you guidance about both the latest products available on the market and our brokers will be able to find the right products for your needs.

Here are why some local clients choose us:

We solely focus on equity release and retirement mortgages, as well as inheritance tax and trust planning. We have a wealth of experience in this area and will guide you every step of the way.
Our advisors always offer a personal service, where we get to know you and your financial situation and aims, so we can offer the best impartial advice. Any initial conversation is always free of charge and there is never any pressure to proceed.
Unlike some equity release advisors who are tied to a panel of lenders, our equity release specialists are completely independent, so can choose from the hundreds of products available to choose the best one for your needs.
We aim to communicate openly at all times, with complete transparency. We welcome questions and encourage your family to be involved in the conversations. We can also explore alternative options that could be better for you, including retirement interest-only mortgages and residential mortgages.

Realise your dreams and speak with Martin today by calling 0203 840 5011.

Over 55 home loans and equity release: The Mayfair property market

Have you played Monopoly? Then you will know that Mayfair is the most expensive and desirable location on the board. In real life, the same attraction stands; it is an area that has long attracted wealthy homeowners. It is packed with restaurants, bars, gyms, high-end shopping, and open spaces and also boasts stunning architecture.

The area has also had lots of offshore investment and over the years, house prices have soared. The amount of money you can borrow depends on various factors, including your age and the value of your home. To calculate how much money you could release, please use our equity release calculator.

According to the property site Rightmove, in 2021 the majority of property sales were flats made an average of just over £3.3m. Terraced houses sold for an average of £4.5m with overall average prices topping £3.4m. Some of the most expensive streets include Stratton Street, Grosvenor Square, Cork Street, and Berkeley Square.

To book a consultation with our independent equity release brokers, please call now on 0203 840 5011.

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Later life mortgage lenders and Lifetime Mortgages near Covent Garden

Have you heard the term ‘later-life lending’ and you are not sure what it means? The world of equity release has expanded hugely over the past few years. If you are thinking about releasing equity in Covent Garden, Mayfair, or Marylebone, our advisors will be able to tell you your options.

The main equity release options are Lifetime Mortgages and Home Reversion Plans. Lifetime Mortgages are by far the most popular option type of equity release. A Lifetime Mortgage is a loan secured against your home that gives you a tax-free lump sum (or a series of lump sums). Unless you choose to do so, there is nothing to repay until you die or move into long-term care. The full amount of the loan, plus any accrued interest is normally cleared with the sale of the home.

What qualifies you for a Lifetime Mortgage?

Be over the age of 55
Own a home worth at least £70,000
Wish to release at least £10,000

Lifetime Mortgages have fixed interest rates for life. There is the option to move home and transfer your Lifetime Mortgage in the future, subject to the lender’s criteria. Your home remains your own.

There are several options available to help reduce the impact of interest building up over time. This includes having a drawdown facility to create a pre-agreed reserve facility, whilst some give you the option to clear the interest every month.

What is equity release used for?

The equity you release from your property can be used as you wish. Common reasons include:

To make improvements to your home
To enjoy a once-in-a-lifetime holiday or to travel more
To pay off an existing mortgage, credit cards or other debts
To help out family and friends
To help with everyday living costs
To pay for home care or private medical bills

Releasing equity in Mayfair: Some popular reasons

Equity release is not the right choice for everyone and this is why it is important to seek independent advice. Here are some reasons why people decide to release equity in Mayfair: