020 8295 2935
WHAT IS EQUITY RELEASE?
Equity Release allows homeowners who are aged 55 and above to release tax-free money from the value of their own home. How much you can release is dependent on you age and the value of your house. Dependent on the scheme you choose, the money can be given to you in one lump sum, or in smaller amounts over a period of time.
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If you are aged 55 or over and are considering later life lending options, Equity Release could be an ideal solution for you.
EQUITY RELEASE SCHEMES TO SUIT INDIVIDUAL REQUIREMENTS
Are you over 55 and looking to release cash from the value of your own home? Choosing the right options for you can be difficult, that's where our team at New Mortgage Solutions can make all the difference. We have the knowledge and expertise to guide you through the entire process. Get in touch for a free initial consultation or use our form to arrange a call back.
SO HOW DO WE GO ABOUT THIS?
We’ll discuss what you’re looking to do at the initial consultation and ask questions about your circumstances that can help guide us when it comes to finding a suitable equity release scheme. Subject to agreement, we’ll then arrange a follow-up appointment and begin our search based on your specific requirements.
You will borrow a percentage up to the value of your own home from a lender. You will still have full ownership of your own home but will have a loan against it.
Then we start with the application. We’ll need all the right documents for the lender to review (we’ll list out what’s needed, so don’t worry) and we’ll go through it all and make sure everything’s in order.
The lender then checks through all of this information.
If everything checks out, the lender will offer you a scheme, which we will review together.
WHY CHOOSE US?
Trust us to take care of everything
You’ll get a mortgage deal that meets your needs, without the headaches or the hours and hours chasing lenders.
Enviable reputation
With a steady 5/5 rating on Facebook, Google and Yell, from over 150 reviews, you’re not working with a rookie.
Expert service and advice
You’ll have over 30 years of sector experience to call upon, a satisfaction guarantee and FCA accountability.
WHY CHOOSE EQUITY RELEASE?
Equity Release can be a sensible financial decision depending on your circumstances. Equity Release is usually available for those who are 55 or over. You can claim your money in one lump sum or choose to receive smaller amounts over a period of time. Some reasons people decide to take out an Equity Release scheme may include:
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to provide some extra cash for retirement
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make important changes to your house as you get older
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help your family to buy their own home
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pay off loans
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for travelling plans
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Whatever your reasons for considering Equity Release, we’ll be happy to discuss them in that free initial consultation so that you’re fully informed.
Gregg managed the process of securing a new deal after our two year plan was expiring. He was friendly, attentive and extremely knowledgeable when it came to the lenders and market. We managed to obtain a great deal with minimal fuss. Highest possible praise for Gregg and team. Thank you.
James Miller (Google review)
Francis and his team were so helpful when we recently remortgaged our property. Francis is very knowledgeable, down to earth and honest which was greatly appreciated. I highly recommend New Mortgage Solutions.
Dawn Dullaway (Google review)
I've been using New Mortgage Solutions for years - first for my initial mortgage application and then for each subsequent remortgage. Francis always strives to get us the best deal and has been very helpful in terms of advice on what type of mortgage would best suit, answering questions about the market and on one occasion even walking me through an online application. The office staff take the headache out of dealing with lenders and solicitors, making sure milestones are hit and chasing up parties when need be. I always recommend my friends to speak to Francis first when thinking about a mortgage. I can’t rate him highly enough.
