Equity release Harrogate, North Yorkshire

Leading equity release company in Harrogate, Killinghall, and local areas

At Trusted Equity Release, our team of experts is here to help you understand equity release and the choices you have regarding mortgages in later life, and the process of releasing equity from your home.

Lifetime mortgages in Harrogate

We are highly specialist and experienced equity release advisers, and as members of the Equity Release Council, we can provide valuable advice. We also have SOLLA Later Life Adviser Accreditation (LLAA). This means we will give you the right information so that you to make the right choices for your personal circumstances.

Our equity release company is small, personal and entirely independent, and we have access to products across the whole of the equity release market, allowing us the find the right one for you. All products come with a no negative equity guarantee. This is a feature associated with Lifetime Mortgages that is designed to protect homeowners from owing more than the value of their property when it is sold to repay the equity release loan.

Would you like to free up some of the money tied up in your home?
Please call us on 01354 688 018.

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Reasons to release equity from your Harrogate 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 choose our local equity release company Killinghall?

More and more homeowners over the age of 55 are exploring equity release schemes and over-55 home loans as a way of accessing funds tied up in their bricks and mortar.

Here are some reasons why people choose our equity release company:

Completely independent

As an impartial equity release company, our advisors have access to the whole equity release market. This means we can offer you a wide range of options from various providers. In addition, our knowledgeable advisors have access to other financial products, including retirement interest-only mortgages and residential mortgages.

Free consultations

We can provide a completely free initial consultation that can take place in the convenience of your home or another location that suits you best. We can also organise a telephone conference or calls over video platforms if preferred. This allows you to ask questions, and there is no cost involved. We take great pride in building personal relationships and getting to know our clients well.

ERC members

As members of the Equity Release Council, we can uphold their strict code of conduct. This is designed to safeguard customers. Promises include a no-negative guarantee, the right to remain in your home for life and the ability to move to another suitable property as long as it meets the criteria of the lender. We are also accredited with SOLLA (Society of Later Life Advisers).

Releasing equity in Harrogate

Home prices have increased rapidly over the last couple of decades. If you are thinking about releasing equity from your Harrogate property, you will have seen the value increase hugely.

Harrogate is known for its well-preserved and charming Victorian architecture and spa heritage. It is also popular because it is surrounded by green spaces, including the Yorkshire Dales National Park. It is home to many top-rated schools and a range of amenities.

Property site Rightmove states that in the last year average property price was almost £415,000. Most property sales during the previous year were semi-detached homes that fetched an average of £379,000, whilst terraced houses sold for an average of £317,000. Detached homes fetched an average of £725,000. Overall, prices were up 14 per cent on 2019 and 16 per cent their 2020 peak.

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:-

  • Birstwith
  • Goldsborough
  • Hampsthwaite
  • Kirkby Overblow
  • Knaresborough
  • Nidd
  • Pannal
  • Ripley
  • Spofforth
  • Starbeck
  • York
Lifetime Mortgages Harrogate, HG1

Our small team of experts are here to provide guidance regarding all equity release products. There are two broad categories: Home Reversion Schemes and Lifetime Mortgages. Each type has distinct features, advantages and drawbacks, but by far, the most popular product is Lifetime Mortgages.

Equity release might not be the right option for everyone. We will look at the right products based on your goals and circumstances.

Benefits of Lifetime Mortgages include:

  • You can access tax-free funds to fulfil your needs. People opt for equity release for various reasons, such as supplementing retirement income, assisting family members or funding home improvements.
  • Unlike traditional mortgages, there are no monthly repayments required. The loan is repaid when you pass away or permanently move into long-term care.
  • The interest from Lifetime Mortgages compounds over time, but some products allow you to pay off all or some of the interest to stop it from rolling up over time.
  • It is still possible to leave an inheritance. Certain products allow you to protect a portion of your home’s value for your beneficiaries.
  • You will retain full ownership of your property and can continue living there for as long as you wish.

 Do you have more questions? Please see our FAQs.

Over 55 home loans in Harrogate or Killinghall

People are motivated to release equity for different reasons. These include:

  • Supplementing retirement income
  • Funding home improvements and renovations
  • Clearing debts and residential mortgages
  • Assisting family members, like children and grandchildren
  • Enjoying lifestyle choices and retirement