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Equity ReleaseFor Equity Release we act as introducers only.

Although equity release is often associated with older people looking to swap equity in their property for a greater income in retirement, it can actually be used for a number of purposes, such as for home refurbishment, for the purchase of a new property or to consolidate other debts at a more attractive rate of interest.  Equity release can be a very cost-effective way of borrowing money, but since the money borrowed is, ultimately, borrowed against your home, it needs to be used with appropriate care.

If your aim is to use equity release to fund your retirement, then there are essentially two ways to go about it.  One is to remortgage in the usual way and then use the funds to generate an income with which you can repay the mortgage on your home and also make a profit, which you can then put to further use.  The other is to use a specialist service for older people, which essentially buys the home from you but allows you to continue living in it.  Each of these approaches has its own benefits and its own risks and both should be approached with particular care and, ideally, professional advice.

If your aim is to use equity release for another purpose, then you will essentially be in a standard remortgaging situation, however, this is still a significant move and again its advantages and disadvantages should ideally be considered with the help of a professional.

Equity in your home is the difference between the value of your property and the balance of any debt that is secured on your property, such as a mortgage. Equity release is a term for a range of financial products designed to help you turn the equity you have in your property into money you can use. The most popular form of equity release is called a lifetime mortgage and is aimed at homeowners aged 55 and over.

At this stage we work on a referral only basis.

Equity release refers to home reversion plans and lifetime mortgages. To understand the features and risks ask for a personalised illustration.

On clicking the above links, you will leave the regulated site of Coombes & Wright Mortgage Solutions Limited. Neither Coombes & Wright Mortgage Solutions Limited, nor Sesame Ltd, is responsible for the accuracy of the information contained within the linked site.

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