Are you thinking about releasing equity in Huntington? Call our equity release advisers now

Are you property-rich but cash poor? Are you looking at alternatives to downsizing? Your home is probably your biggest asset, and our recommended equity release advisors near Huntington or Godmanchester are here to help you understand the right choices for you.

Lifetime mortgages in Huntingdon

Equity release products, sometimes called over 55 home loans, enable homeowners to access the equity tied to their properties. People aim to access the money tied into their homes for various reasons, often to help them manage their finances in later life. You will always retain ownership of your property.

Our expert advisers are not tied to any providers, so we are completely impartial and can access the whole market. There are hundreds of products to choose from, and we can search across them to find the right one for your current and future needs with a personalised plan. New products are being released all the time, and we always stay ahead of market developments. We can also access retirement interest-only and residential mortgages. Our equity release brokers are regulated by the FCA.

We are members of the Equity Release Council, which promotes high standards of conduct and practice across the sector. We will only recommend plans that are Equity Release Council-approved and meet product standards. This means they have a no negative equity guarantee.

All initial consultations are completely free of charge without obligation. We will take time to help you understand the pros and cons of equity release, so you can decide if it is the right path for you.

For more details, please call 01354 688 018.

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Reasons to release equity from your Huntingdon 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
Equity release in Huntingdon, PE26: Unlock some tax-free funds

Are you looking for ways to increase your income in later life in Huntingdon? Your home is somewhere where you will have built a lifetime of equity, and its value will have soared over the years. We specialise in offering customised and comprehensive advice and can ensure you have all the information you need to make the right choice for you.

Huntingdon is a small historic town located just 20 miles from Cambridge with excellent links to London. With several well-regarded schools and a strong community, it is very popular.

According to property site Rightmove in 2021, the average property price was over £311,000. Most property sales during the previous year were detached homes that fetched an average of £465,000, whilst semi-detached houses sold for an average of £291,000. Terraced houses sold for an average of £239,000.

Plan providers require homeowners to be over the age of 55 before they will lend to them.

Lifetime Mortgages in Godmanchester: Is it the same as equity release

If you are thinking whether a lifetime mortgage is the same as an equity release mortgage, the answer is yes. Simply, lifetime mortgages are the most popular form of equity release. The other type of equity release product is known as a home reversion plan.

A lifetime mortgage is a loan secured against your property, and it has many similarities to a conventional mortgage:

  • You retain 100 per cent ownership of your property
  • You can move home subject to it being acceptable to the lender
  • You can sell at any time
  • You can make overpayments

However, the main difference to a conventional mortgage is that you are not obliged to make interest repayments. Instead, the interest can ‘roll up' over time, and the loan plus interest is repaid when the last survivor either dies or moves into long-term care.

Financial commitment and income determine how much you can borrow for traditional mortgages. However, with lifetime mortgages, the age of the youngest applicant and the property's value determines how much money you can borrow.

Usually, the interest rates for lifetime mortgages are fixed for life. Each year you will be sent a statement to see how much is owed to the lender.

With lifetime mortgages, you can take the amount released as a lump sum or smaller amounts, known as a drawdown lifetime mortgage. Interest is only applied to the money that you have released. You will also have the option to pay back some or all of the interest. Please see our FAQs for answers to common equity release questions.

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:-

  • Abbots Ripton
  • Alconbury
  • Brampton
  • Brampton Grange
  • Buckden
  • Durolipons
  • Ellington
  • Godmanchester
  • Great Stukeley
  • Hartford
  • Hemingford
  • Hemingford Grey
  • Huntingdon
  • Little Stukeley
  • Offord
  • Offord Cluny
  • Stukeley
  • West Hemingford
  • Wyton
Face-to-face and independent equity release advice in Huntingdon

We provide friendly and helpful advice regarding lifetime mortgages in Huntingdon. We can answer all your questions and queries. All your options and the potential costs involved will be explained to you.

Why do people release equity? Popular reasons for releasing equity include:

  • To pay for home and garden improvements
  • To pay off an existing mortgage or debts
  • To increase disposable income for everyday costs
  • To help our family members financially – as a ‘living inheritance'
  • To pay for bucket list holidays and to travel more
  • To fund private hospital treatment or care at home
  • To buy a new car
Thinking about later-life mortgage lenders and equity release options in Huntingdon? Call Trusted Equity Release now,

If you are based in the Huntingdon area and would like advice about home reversion plans or lifetime mortgages, call 01354 688 018 or 07768 972 861. Alternatively, you can email jeremy@trustedequityrelease.co.uk