Impartial and personal equity release advice from experts in Cambridge
Welcome to Trusted Equity Release. We are equity release and later life mortgage specialists working on behalf of clients in Cambridge or Granchester. Record numbers of people are freeing up money from their properties, and the equity release market is increasingly competitive, with hundreds of products available.
Lifetime mortgages in Cambridge
If you are a homeowner over 55 and considering releasing equity, we offer specialist advice. Our highly experienced equity release advisers are here to help you understand your choices, and we have access to the whole of the equity release market, so we can research it to find the best options for you.
We are proud members of the Equity Release Council and uphold the high standards they set for services. We are fully qualified to offer advice and regulated by the FCA.
Any initial consultation is free of charge, and we are always happy to meet with you at a convenient location. Our company is run by Jeremy, who has worked in finance since 1996 and is passionate about the service he offers.
What exactly is equity release? This term refers to a range of financial products that let you access the cash or equity tied up in your home. You can release this money in one lump sum or access it in smaller amounts when needed. This money is completely tax-free.
- Independent equity release experts with access to the whole of the market
- Clear and tailored advice for you around your circumstances
- Equity Release Council members who follow strict guidelines
- Free and no-obligation equity release consultations
Would you like to see if equity release could help finance a better retirement? Call us now on 01354 688 018.
Reasons to release equity from your Cambridge home
- To pay off existing debts or a residential mortgage
- To fund home improvements or adapt your home so you can continue living there
- To add to your retirement income for day-to-day living costs
- To help children or grandchildren with a 'living inheritance' – usually used for housing costs to pay for a wedding or education
- To go on holiday or travel more
- To fund care at home or private medical bills
Why release equity in Cambridge, CB1? Our advisers can tell you more about over 55 home loans
Many retirees find themselves asset-rich and cash poor. Famous for its world-leading University, house prices in Cambridge have risen rapidly over recent years. Known for its stunning architecture, streets and countryside, it also boasts a bustling and vibrant city centre. It is regularly voted as one of the best places to live and work in the UK in annual polls.
Property site Rightmove states that in 2021 the average property price was over £534,000. Most property sales during the previous year were terraced homes that fetched an average of £562,000, whilst semi-detached houses sold for an average of £614,000. Flats sold for an average of £302,000. Overall, prices were up 4 per cent on their 2018 peak.
Lifetime Mortgages in Grantchester: What do you need to know?
Talk to our specialists if you are based in Grantchester or Cambridge and are thinking about releasing equity. There are two types of equity released: Home reversion plans and lifetime mortgages, with the latter as the far more popular option.
A lifetime mortgage involves taking a type of mortgage that does not require monthly payments, like a traditional mortgage. Instead, you retain ownership of your home, and interest on the loan is rolled up or compounded over time. The loan and rolled-up interest are repaid by your estate when you move into long-term care or die. If you are part of a couple, the repayment is not made until the last remaining person living either passes away or moves into care, meaning that both you and your partner are free to live in your home for the rest of your lives.
Lifetime mortgages are available with several different features, including the option to make monthly repayments if you wish to reduce the amount of interest accrued. You can also elect to protect some of the value of your property as an inheritance for your family, meaning that you can benefit from releasing equity while still retaining something to pass on to your loved ones.
Lifetime mortgages require all homeowners to be at least 55 years old. In addition, you must have no outstanding debt or residential mortgage attached to the property. If you still do have some mortgage secured by your property, most lenders will make it a condition that this debt is paid off as soon as you receive your lump sum of money.
All the Lifetime Mortgage products we recommend have a no negative equity guarantee, which ensures that you will never owe more than the sale value of your home.
Book an equity release consultation with Jeremy. No obligation consultations can be held in the comfort of your own home in any of the following locations:-
- Cambridge
- Cherry Hinton
- Chesterton
- Coton
- Fulbourn
- Fulbourne
- Girton
- Hauxton
- Histon
- Madingley
- Milton
- Stow Cum Quy
- Teversham
- Trumpington
Why release equity in Cambridge?
If you are wondering how to use your equity release money in Cambridge, the choice is entirely yours. There are no limits on how you spend your money.
Some popular reasons for releasing equity include:
- Clearing existing mortgages so there are no more monthly repayments and you own your home
- Clearing outstanding debts, such as credit car loans and car loans
- Enjoying a better standard of living and having more money for day-to-day costs
- Home improvements, extensions, and renovations
- Family holidays or luxury getaways
- Gifting money to family to pay for education costs or to help them get onto the property ladder
- Paying for private medical care or care at home
