Leading equity release brokers in Leicester
ERC-approved equity release company in Leicester, Loughborough and surrounding areas of Leicestershire
Here at Trusted Equity Release, our dedicated team of experts is available to assist you in understanding the intricacies of equity release and later-life mortgages. If you decide this is the right choice for you, we can guide you through releasing the equity tied up in your home.
Lifetime mortgages in Leicester
Our experienced equity release advisors are focused on understanding the needs of our clients so that we can provide personalised and invaluable guidance and expertise.
Our team has access to the whole of the equity release market, so we can research from the hundreds of available projects to find the right one for you. As members of the Equity Release Council and holders of SOLLA Later Life Adviser Accreditation (LLAA), we are committed to providing a first-class service.
We treat all our clients with transparency and respect, and we always explain the features and drawbacks of equity release mortgages, allowing you to make the right choices.
Our initial advice is completely free, and we are happy to meet with you at home or another convenient location.
As independent equity release advisors near you, we are not tied to a panel of lenders, and we can access the entire equity release market to search for the right products for you. We acknowledge that borrowing money is an important decision, and there is never any pressure to proceed.
We always use clear language, not financial jargon, and we encourage you to ask questions or involve family members in the discussions. We also have access other financial products, including residential and retirement interest-only mortgages.
Would you like to discuss your equity release requirements with our local equity release company? Please call us on 01354 688 018.
Reasons to release equity from your Leicester 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 speak with our trusted equity release company in Leicester?
As a leading equity release company near you, we can help with your equity release needs. If you are over 55 and own your own home, you may use the value of your property and release money or equity from it.
Here are several compelling reasons why people want to talk to us:
Free consultations
We offer complimentary consultations to explore your financial situation, aims and the options available to you. We pride ourselves on forming excellent relationships with our clients and will always be happy to answer queries. As well as in-person meetings, we can also organise a telephone consultation or meet via video link.
Independent advisors
Our company has access to the whole equity release market and is completely impartial. New equity release products are being released all the time, and we can search across hundreds of available products to find the right one for your requirements. All Lifetime Mortgages come with different features that can be tailored to you.
ERC & SOLLA members
We are members of the Equity Release Council, and this means we only recommend products that adhere to their strict standards. This includes a no-negative guarantee that you will never owe more than the value of your home and the right to remain in your home for life. We also hold SOLLA accreditation.
Are you thinking about releasing equity in Leicester? Why might it benefit you?
Leicester is considered one of the UK's most diverse cities, and it seamlessly blends a reasonable cost of living with a vibrant cultural legacy. Its strategic central location within England ensures swift access to virtually any destination in the country within a few hours.
According to Rightmove, the average property price in the past year approached £277,000. Semi-detached homes dominated property sales, with an average price of £268,000, while terraced houses were sold at an average of £220,000. Detached homes commanded a higher average price of £423,000. Overall, prices were 4 per cent higher than their peak in 2020.
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:-
- Anstey
- Aylestone
- Belgrave
- Birstall
- Braunstone
- Enderby
- Evington
- Glenfield
- Humberstone
- Ketteringham
- Kirby Muxloe
- Loughborough
- Narborough
- Newtown Limford
- Oadby
- Rothley
- Swithland
- Syston
- Thurcaston
- Thurnby
- Whetstone
- Wigston
The advantages of Lifetime Mortgages in Leicester
Our team of experts is available to offer guidance on equity release products, which fall into two main categories: Home Reversion Schemes and Lifetime Mortgages. Each type comes with distinct features, advantages, and drawbacks, but the most widely favoured product is Lifetime Mortgages.
Equity release may not suit everyone, and we tailor our recommendations based on your goals and circumstances.
Lifetime Mortgages offer several key advantages. Firstly, they provide access to tax-free funds, catering to various needs such as supplementing retirement income, assisting family members, or funding home improvements. Unlike traditional mortgages, there is no requirement for monthly repayments; instead, repayment occurs upon your passing or when you permanently move into long-term care.
While the interest on most Lifetime Mortgages compounds over time, certain products allow you to proactively pay off some or all of the interest to prevent it from accumulating. Additionally, these mortgages offer the possibility to leave an inheritance, with specific products allowing you to safeguard a portion of your home's value for your beneficiaries. Importantly, you retain full ownership of your property and the freedom to continue residing there for as long as you desire.
To learn more about the equity release process, please see our FAQs.
Leicester over 55 home loans
Individuals are driven to access their equity for a variety of reasons. These motivations encompass settling debts and residential mortgages, aiding family members such as children and grandchildren with education, or wedding costs, or simply having more money for day-to-day living during retirement.
Many people use the money for private medical care or care at home. Numerous clients are exploring ways to ensure their homes remain comfortable places to live until their passing. This may involve adaptations to their existing homes, such as installing stairlifts or walk-in showers or allocating funds to assist with their daily routines at home. How the money is spent is entirely up to you.
