Equity release advice from experts you can trust in Downham Market, Norfolk
Are you ready to take steps towards greater financial freedom? Whether you are a homeowner wondering how much you could release with an equity release mortgage in Downham Market or Fordham, or you are wondering about the differences between a lifetime mortgage and a home reversion plan, our trusted equity release advisors can help.
Lifetime mortgages in Downham Market
We provide clear, impartial, and transparent equity release advice and assistance to provide the best value to our clients. Unlike some equity release companies, we are not tied to any lenders, so we can search the whole of the market to find the ones best suited to your needs.
Many people are using equity release as a safe and regulated way to access the money tied to their properties. We are passionate about helping our clients realise their dreams and aspirations, and the relationships we build are based on trust and integrity.
We know that the world of finance is notorious for using complicated jargon. We will never do this and always take away the complexity. Releasing equity is an important decision, so it is essential that you have all the correct information before making a choice. This includes all features and risks. We can also access other products, including retirement interest-only mortgages and residential mortgages.
Our equity release advisers enjoy getting to know our clients personally, and any initial meeting is always free of charge. We can meet with you in your home or another convenient location. We are also happy to do phone and video consultations.
To learn more, please call us now on 01354 688 018.
Reasons to release equity from your Downham Market home
- Equity release to free up cash for your family in Norfolk and Suffolk
- 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
Releasing equity and over 55 home loans in Downham Market, PE34
One of Norfolk's oldest market towns, Downham Market, is based on the banks of the River Ouse. Packed with historic architecture and a boasting lively centre, characterised by the iconic town clock, it is also on the doorstep of a lot of wonderful countryside and green spaces.
Downham Market - sometimes called Downham - is well connected to nearby Cambridge, Ely and further afield, to London. Property site Rightmove states that in 2021 the average property price was over £261,000. Most property sales during the previous year were detached houses that sold for an average of £316,000, whilst semi-detached dwellings sold for an average of £246,000. Terraced houses sold for an average of 200,000. Overall, prices were up 5 per cent on 2019 and 16 per cent on their 2019 peak.
Popular ways to release equity: Lifetime Mortgages in Downham Market or Fordham
Equity release is the generic term for any financial product that allows you to borrow against the value of your home. There are two main types of equity release plans: lifetime mortgages and home reversion plans.
Lifetime mortgages in Downham Market and Fordham are by far the most popular form of equity release and total over 99 per cent of all plans taken out. Lifetime mortgages are a form of mortgage, but rather than having a fixed term of years, they run for the rest of your life. There are usually no repayments to make unless you wish to do so, and some plans include repayments for those wishing to control the future balance. The balance plus any interest that compounds over time is paid back when you pass away or move into long-term care.
As the market evolves, lifetime mortgages have become more competitive. They now have a variety of different features, including the ability to protect some of the value of your property to guarantee an inheritance for beneficiaries. There is also the option of a drawdown lifetime mortgage, where rather than accessing the money in one lump sum, you can draw it when you need it.
Book a Later Life lending and equity release consultation with Jeremy. No obligation consultations can be held in the comfort of your own home in any of the following locations:-
- Denver
- Downham Market
- Hilgay
- Nordelph
- Runcton
- Runcton Holme
- Shouldham Thorpe
- Stowbridge
- Stradsett
- West Dereham
Is equity release in Downham Market safe?
Many people may be concerned about the safety of equity release. We are FCA-regulated and members of the Equity Release Council.
All the plans that we recommend meet ERC guidelines. This includes assurance such as a no-negative equity guarantee, so neither you nor your estate will owe more than the property is worth when sold.
Equity release also allows you to move to another property, subject to it meeting certain criteria. You will always have the right to stay in your home for life.
