Impartial equity release experts in Notting Hill, W11
Would you like to know more about equity release? We offer face-to-face, personalised and impartial equity release advice in Notting Hill, Maida Vale, or Kensington. Our equity release experts can access products from the whole of the equity release market.
Equity release is a way of releasing tax-free money tied up in your property without having to sell it or move to another home. You can either borrow against the value of your home or sell a part of it in exchange for a lump sum or regular monthly income.
Equity release is designed to help people over the age of 55 who either own their property outright or with a mortgage. Any mortgage will need to be cleared upon completion, possibly using the equity release funds.
People choose to release equity from their homes for many different reasons. This may include paying for a new car or to travel more, paying off credit card debts, gifting family, making home improvements, or even paying for care in your own home.
With a wealth of experience, we are established and trusted equity release experts. We are here to listen to you to understand more about your aims and financial situation, so we can help you make the right decisions about releasing equity. We are more than happy to meet you in the comfort of your own home or talk over the phone or via video link; you can choose whatever suits you best.
For more information, please call 0333 443 9825.
Notting Hill and releasing equity: How house prices have grown
There are so many reasons why Notting Hill is a much-loved place to live. From its famous carnival to the antique market and close community, it is immensely popular. The 1999 film starring Hugh Grant and Julia Roberts propelled the area into the mainstream, with house prices almost doubling overnight. Residents love the garden squares, excellent transport links, and many restaurants, bars, and shops. Some of the best roads are the ones with communal gardens, such as Ladbroke Square, Lansdowne Road, Elgin Crescent, Blenheim Crescent, and Kensington Park Road.
To get a rough idea about how much money you could release from your property, please use our equity release calculator.
According to the property site Rightmove, in 2021 properties had an average price tag of £1.76m. The majority of property sales were flats made an average of just over £1.064m. Terraced houses sold for an average of £2.9m with semi-detached properties fetching £7.1m.
Read our blog on how equity release can help you keep your home whilst enjoying the money tied up in it.
To book a consultation with our independent equity release brokers, please call now on 0203 840 5011.
W11 Lifetime Mortgages: What do you need to know?
Do you need to know more about Lifetime Mortgages in Maida Vale, Notting Hill, or Paddington?
What are Lifetime Mortgages? A Lifetime Mortgage is a type of equity release product where you choose to extract funds from your property in a single lump sum or smaller amounts over time to the maximum limit agreed with your plan provider. The latter type is known as a Drawdown Lifetime Mortgage.
Lifetime Mortgages are available with several different features. You may choose to ring-fence some of the value of your property as an inheritance for your loved ones, meaning you can benefit from releasing equity from your property, while also ensuring you will have something to pass on to your children. Some plans also allow you to make monthly or regular interest repayments. In this way, you can maintain the debt without interest rolling up over time.
Most interest rates are fixed for the lifetime of the mortgage. With any Lifetime Mortgage, you retain full ownership of your home until you move out into long term residential care or pass away. If you are a part of a couple the repayments do not have to be made until the last remaining person leaves the home. Therefore, you are able to live in your home with your partner as long as you can.
Notting Hill Home Reversion Plans
The other type of equity release plan is called a Home Reversion Plan. These involve selling a part of your home in exchange for a cash lump sum. These plans were once popular before the rise of Lifetime Mortgages however, they are now a very small part of the equity release industry.
Our FCA-regulated equity release company can answer all your questions no matter how big or small and encourage family members to join you to understand the implications of equity release and answer their questions. Any initial consultation is completely free and you are under no obligation or pressure to proceed.
Trusted by market-leading lenders
Over 55 home loans and retirement mortgages: Reasons to release cash near Notting Hill
Why release equity in Notting Hill? Equity release can help you live the life you want. Common equity release reasons include:
- Home and garden improvements
- Going on a dream holiday or travelling more
- Helping your friends and family
- Paying off existing debts or a residential mortgage
- Help with regular bills
- Nursing fees or home care
- Self-funding private medical care
For more information on equity release and answers to common questions, please see our FAQs.
Appointments can be arranged in the comfort of your own home with Martin in Notting Hill and the surrounding local areas including:-
