Equity release advice from trusted advisors in King’s Lynn, Norfolk

Trusted Equity Release provides expert knowledge and impartial advice for all clients in King’s Lynn or Castle Acre. We can help you explore the world of equity release so you can make important decisions about your future.

Lifetime mortgages in King's Lynn

Equity release is a financial product that allows you to access some of the money tied up in your home without the need to move out. If you wish, you do not have to pay anything until you die or move into long-term residential care, at which point the loan plus any accumulated interest is paid back.

You can use the money, which is tax-free, in any way you wish:

To pay off your current residential mortgage
Top clear outstanding debt or loans
To make important improvements to your property
To go travelling more or take a once-in-a-lifetime luxury holiday
To have more money for day-to-day living costs so you can enjoy your retirement
To fund care at home
To help family members like your children get a foot on the property ladder or to pay for education or wedding costs

All the plans we recommend include a no negative equity guarantee, which means that the money you will have to pay back eventually will never be more than the total value of your home, whatever happens with house prices.

Our initial consultations are free of charge, and you will never be pressured to make a decision.

Our equity release brokers are here to answer your questions and to help to the best of our ability. To make a booking with Jeremy to explore your options or learn more about our equity release, please call 01354 688 018.

Enquire Now

Reasons to release equity from your King's Lynn 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

Releasing in King’s Lynn, PE30: How the numbers stack up

Are you a homeowner over the age of 55 in King’s Lynn? Many people choose to release equity in their later years by downsizing, but what if you do not need to do that and could continue living in your own home whilst also accessing some of the equity tied into it? This is the premise of equity release.

King’s Lynn is a beautiful Norfolk town celebrated for its Maritime heritage. With beautiful beaches nearby and excellent amenities and schools, it is very popular with families. The town is steeped in history, and the architecture is very impressive.

Property site Rightmove states that in 2021 the average property price was over £211,000. Most property sales during the previous year were terraced homes that sold for an average of £173,000, whilst semi-detached houses sold for an average of £223,000. Detached homes sold for an average of £331,000. Overall, prices were up 4 per cent on their 2020 prices and 12 per cent on their 2019 peak.

Home Reversion Plans and Lifetime Mortgages in Castle Acre: What are the differences?

There are different types of equity release plans, and our specialists in Castle Acre or King’s Lynn can tell you more about them. There are broadly two times: Home reversion plans and lifetime mortgages.

Equity release products are sometimes referred to as lifetime mortgages because they are the vastly more popular option. Lifetime mortgages allow you to take out a loan from the value of your property whilst living in it and retaining ownership. The loan is only repaid when the last remaining homeowner on the plan dies or moves into care.

With an equity release lifetime mortgage, there are no mandatory monthly repayments, so you do not need to make capital or interest repayments. Some products will allow you to pay off some or all of the interest to stop the balance from increasing over the term of the loan. Interest rates are fixed for life.

Lifetime mortgages can be taken as a cash-free lump sum, or you can choose a ‘drawdown’ lifetime mortgage, where you can access the money in smaller amounts.

For commonly asked questions about equity release, please see our FAQs.

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:-

Clenchwarton
Gaywood
King’s Lynn
Lynn
Lynn Regis
Middleton
North Runcton
North Wootton
South Wootton
Terrington Saint Clement

Why choose our Equity Release Council advisers in King’s Lynn

An increasing number of people over the age of 55 are choosing to use equity release to fund their retirements. So why choose our equity release company in King’s Lynn? We are proud members of the Equity Release Council, a voluntary body for industry professionals seeking to set the highest standards of conduct across the equity release sector.

The ERC sets out guiding principles that we always adhere to, and we always act in the best interests of our customers.

What other reasons are there for choosing Trusted Equity Release?

We always offer personalised advice tailored to your needs and aims
Our local equity release advisers can meet with you at a location that is convenient for you. This could be your home, office, or another place.
We are authorised and regulated by the FCA
Our advice is honest, helpful, and transparent
Our advisers will never use complicated jargon – our communication is always clear

To find out more about our over 55 home loans or equity release, please call our King’s Lynn advisers

For an initial consultation, call Jeremy on 01354 688 018 or 07768 972 861. You can also email us at jeremy@trustedequityrelease.co.uk