Free & independent equity release advice from experts in Peterborough

Here at Trusted Equity Release, we are here to help you understand the world of later-life mortgages and equity release. Working on behalf of clients in Peterborough or Yaxley and the wider areas of Cambridgeshire, we are here to give you the information you need to see if releasing equity from your property would be the right choice.

Lifetime mortgages in Peterborough

We are proud members of the Equity Release Council and are fully authorised and qualified to provide advice. We always uphold the strict standards set by the ERC, which was set up to protect the rights of consumers.

Our local equity release experts are fully independent, friendly and professional and have access to the whole of the equity release market. This means they can search from the hundreds of available products to find the right deals from the right later-life mortgage lenders to suit their circumstances. We can also access to other financial products, including residential and retirement interest-only mortgages.

Equity release will give you the right to remain in your home for the rest of your life or until you move into long-term care. Our equity release brokers can detail the advantages and disadvantages of available equity-release products.

The money raised can be used in many ways. Common reasons for equity release include funding holidays, home improvements, new cars, care at home, or other purchases. Many people simply want to have more money for day-to-day living or to clear their current mortgage.

To request a consultation or find out more, please call 01354 688 018.

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Reasons to release equity from your Peterborough 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 equity in Peterborough, PE1: Our equity release advisors are here to offer guidance

Equity release allows you to access the money tied up within your home to improve your retirement years. This means you will not have to downsize, and you can have more money to spend on anything you wish, from taking more holidays to funding care at home.

If you bought your property in Peterborough some time ago, the chances are that your property value has grown significantly over the years. Peterborough is a city that has seen remarkable growth over recent years, with higher employment than average. As a result, it is expected to be one of England's fastest-growing cities by 2025.

There is a lot of regeneration, and the area is popular with families due to the excellent schools and culture.

Property site Rightmove states that in 2021 the average property price in Peterborough was over £234,000. Most property sales during the previous year were semi-detached houses that made an average of £225,000, whilst detached houses sold for an average of over £350,000. Terraced homes sold for an average of £183,000. Overall, prices were up 12 per cent on their 2019 peak.

More details about Lifetime Mortgages in Yaxley

There are several different types of equity release plans from which to choose. Our equity release advisers in Yaxley or Peterborough can tell you more. 

A lifetime mortgage is the most popular type of equity release plan, and you remain the property owner. This allows you to release a tax-free lump sum of money from the value of your home. Unlike standard mortgages, you do not have to make any monthly repayments unless you wish to do so, and the original loan plus any rolled-up interest is paid off when you pass away or move into long-term care.

All the plans we recommend come with a ‘no negative equity' guarantee, which means your beneficiaries will never owe more than the value of your property.

Lifetime mortgages come with a range of features to suit your specific requirements:

  • Drawdown lifetime mortgage: This type of plan allows you to access the money with a greater degree of flexibility. This means rather than receiving a lump sum all in one go, you can access it in smaller amounts when you need them. You only start paying interest on the loan once you receive the money, which will keep costs down.
  • Interest-only lifetime mortgage: Some lifetime mortgage plans allow you to make partial or full interest repayments to keep the cost of the loan down.
  • There are also plans with other features, such as the ability to ringfence some equity as inheritance for your loved ones.

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:-

  • Alwalton
  • Castor
  • Eye
  • Farcet
  • Glinton
  • Haddon
  • Helpston
  • Helpstone
  • Marholm
  • Newborough
  • Northborough
  • Orton
  • Waterville
  • Paston
  • Peakirk
  • Stanground
  • Upton
  • Walton
  • Water Newton
  • Werrington
  • Whittlesey
  • Yaxley
Why choose our equity release company in Peterborough?

Our business was founded by Jeremy Furnell, who has worked in finance for the best part of 27 years. We enjoy getting to know our clients personally and will always offer the best, impartial advice. Any initial consultation is free of charge, and there will never be any pressure to proceed. Our client's best interests are at the very heart of our work.

We are proud of our glowing reputation, where much of our work comes from personal recommendations.

We know and understand that releasing equity is an important decision, and we are here to help you.

  • We can unlock some of the best equity release deals
  • We are fully regulated and qualified equity release specialists
  • We are members of the Equity Release Council and follow their guidelines
  • Our team will never use complex language – we communicate clearly
  • Our advice is honest, ethical and impartial

Do you have an equity release question for our team that we have not answered? Please see our FAQs.

Call now for information on later-life mortgage lenders and retirement mortgages in Peterborough

Talk to our equity release experts in Peterborough by calling 01354 688 018 or 07768 972 861. You can also email us at jeremy@trustedequityrelease.co.uk