Find out if equity release is right for you in Newmarket, Cambridgeshire

Would you like to access some of the value of your home in Newmarket or Fordham tax-free? Speak to our local equity release advisors. Trusted Equity Release is an independent and expert equity release company. Our advisors can look at your later-life borrowing options to find the right product tailored to your needs.

Lifetime mortgages in Newmarket

What is equity release? The equity in your property is the market value of your home minus any outstanding mortgage secured against it. Equity release products are financial products that allow you to access some of this equity, which is tax-free and can be used as you wish.

Equity release could be an option if you do not wish to sell your home and downsize but are looking to improve your financial future. However, there are also disadvantages to equity release, so it is essential that you have the full picture so that you can make an informed decision about the best choices for you.

Why pick our equity release brokers?

  • We are whole-of-market, meaning we can research from hundreds of deals across the whole market to find the right one suited to your aims and needs.
  • Our advice is always independent and impartial. We are not tied to any lenders and will always serve your best interests.
  • Our dedicated brokers take great pride in their work and enjoy providing a bespoke service where they get to know our clients personally, putting them completely at ease.
  • Any initial equity release consultation is completely free of charge. We are happy to travel to your home and welcome family members’ involvement.
  • As members of the Equity Release Council, we follow their strict guidelines and standards. This includes never recommending a product that does not include a ‘no-negative equity guarantee’. This means that whatever your property is worth after all fees have been paid, your beneficiaries will never owe more than the value of your loan.
  • The amount of money you can release will depend on your age and the value of your property. You will always have the right to live in your property until you die or move into long-term care.

To learn more about releasing equity, contact us on 01354 688 018.

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Reasons to release equity from your Newmarket 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
Later life mortgages and releasing equity in Newmarket

Known as the home of horse racing, Newmarket is surrounded by the beautiful countryside of Suffolk and Norfolk. It is popular with families and provides a seamless blend of country and town living. In 2021, Newmarket was named the UK’s top property hotspot by Rightmove, with many people flocking there.

Rightmove states that in the last year, the average property price was over £318,000. Most property sales during the year were terraced houses that made an average of £267,000. Detached properties sold for an average of £522,000, with semi-detached homes selling for an average of £352,000. Overall, prices were up 2 per cent on 2020 and 12 per cent on the 2019 peak.

Over 55 home loans and Lifetime Mortgages in Fordham or Newmarket

If you are over the age of 55, equity release is a method of releasing some of the money tied up in your property in Fordham or Newmarket. Your home is probably your biggest financial asset and can be a great way to release cash for other purposes.

Different types of equity release products include:

Lump-sum Lifetime Mortgages

Lifetime Mortgages enable you to release money tied up in your property in one single lump sum. Unlike residential mortgages, there are typically no repayments to make unless you wish to do so. The loan plus accrued compounded interest are paid from the sale of your property once you pass away or move into long-term residential care.

Drawdown Lifetime Mortgages

Drawdown Lifetime Mortgages enable you to release some of the money you have tied up in your home by providing you with an initial sum and then a reserve of money to draw on when you need it. The benefit of this type of plan means you will only pay interest on the money you have accessed so that you can reduce the cost of the loan over time.

Interest-serviced Lifetime Mortgage

This product works in a similar way to a Lifetime Mortgage. However, instead of allowing the interest to compound over time, you have the opportunity to pay some or all of the interest, reducing the overall amount owed.

Home Reversion Plan

This is a way to sell all or some of your property to a provider in return for a cash-free lump sum. You can stay in your home until you die or move into long-term care and the sum is usually higher than one you can raise from a Lifetime Mortgage. However, you will not benefit from any increase in the value of your home. These plans are far less popular than Lifetime Mortgages, and we do not recommend them.

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:-

  • Ashley
  • Burwell
  • Cheveley
  • Chippenham
  • Dalham
  • Dullingham
  • Exning
  • Fordham
  • Gazeley
  • Kennet
  • Kennett
  • Kentford
  • Kirtling
  • Moulton
  • Newmarket
  • Snailwell
  • Stetchworth
  • Swaffham Prior
  • Westley 
  • Waterless
Free no-obligation equity release consultations in Newmarket, CB8, with qualified advisors

Our expert equity release and Lifetime Mortgage advisers in Newmarket are here to help you decide whether equity release is the right choice. We can arrange the very best financial solution for your unique circumstances. Alongside equity release mortgages, we can also access retirement interest-only mortgages and residential mortgages.

Any initial consultation is free, with no obligation to proceed. We can meet you at your home or office at another convenient location. Modern equity plans are flexible, with many options available, and we can learn more about your situation to offer you expert and specialist equity release advice. We are regulated by the FCA.

Please see our FAQs.

Call our equity release brokers in Newmarket to find out more

If you are based in Newmarket and would like more information on equity release, please call now on 01354 688 018 or 07768 972 861 or email jeremy@trustedequityrelease.co.uk