Talk to one of our advisers

01502 533000

Beccles

01502 718700

Gorleston

01493 652204

Great Yarmouth

01493 849200

Halesworth

01986 872513

Lowestoft

01502 533000

Norwich

01603 510904

Equity Release

Equity Release can be an important part of retirement planning allowing an increasing number of people to utilise capital tied up in their home to make their retirement more comfortable, to fulfil some of their dreams or to help their children or grandchildren when they need it most.

Historically Equity Release has a bad reputation following families being left with an inherited debt due to the mortgage on the property exceeding the value of the property. All Equity Release providers are now regulated and must provide a “no negative equity” guarantee meaning that these inherited debts can no longer occur.

Equity Release will allow you to release money from your property without having to downsize or make monthly payments. The actual amount you can release will depend on your age and property value (you have to be over 55 to be eligible).

There are two types of Equity Release schemes

Lifetime Mortgages    
The loan is secured against your property. You do not make any repayments, instead interest is rolled up to be paid when the scheme ends. You continue to live in your own home.

Home Reversion Plans    
You sell all or part of your home to the lender but continue to live in your own home. After your death or move into permanent residential care your home will be sold and the proceeds split between the lender and your estate

Equity Release schemes are not right for everybody and it is important to discuss your individual needs with an Independent Financial Advisor who will be able to advise you on all your investment and income needs and discuss all your options with you. If following your discussion, you decide that Equity Release is the best option for you they will be able to discuss the two types of Equity Release and advise you on the best lender for your particular needs. We cannot give you financial advice but we can recommend trusted experts in this area and assist you with the legal process.

Please contact

Emma Boyce (Gorleston office)
David Watson (Lowestoft Office)
Tracey Jordan (Great Yarmouth Office)
Andrew Wardle (Beccles Office)
Emma Sampson (Halesworth Office)

www.equityreleasecouncil.com

Share |

Visiting Us

  • Get Direction
    Address:
    148 London Road North
    Lowestoft
    Suffolk
    NR32 1HF
    United Kingdom

    Tel: 01502 533000
    Fax: 01502 533001
    DX: 41200 LOWESTOFT
    Email: enquire.lowestoft@nortonpeskett.co.uk
    Hours: Mon - Fri 09:00 - 17:00, Sat 09:00 - 12:30
  • Get Direction
    Address:
    18 Church Plain
    Great Yarmouth
    NR30 1NF

    Tel: 01493 849200
    Fax: 01493 849201
    DX: 745240 GREAT YARMOUTH 5
    Email: enquire.yarmouth@nortonpeskett.co.uk
    Hours: Mon - Fri 09:00 - 17:00
  • Get Direction
    Address:
    Exchange Square
    Beccles
    Suffolk
    NR34 9HP

    Tel: 01502 718700
    Fax: 01502 718709
    DX: 51450 BECCLES
    Email: enquire.beccles@nortonpeskett.co.uk
    Hours: Mon - Fri 0900 - 13:00, 14:00 - 17:00
  • Get Direction
    Address:
    Old Bank House
    66a Bells Road
    Gorleston
    Norfolk
    NR31 6AF

    Tel: 01493 652204
    Fax: 01493 653462
    DX: 41050 GORLESTON
    Email: enquire.gorleston@nortonpeskett.co.uk
    Hours: Mon - Fri, 09:00 - 17:00
  • Get Direction
    Address:
    52 Thoroughfare
    Halesworth
    Suffolk
    IP19 8AR

    Tel: 01986 872513
    Fax: 01986 875484
    DX: 51202 HALESWORTH
    Email: enquire.halesworth@nortonpeskett.co.uk
    Hours: Mon - Fri 09:00 - 13:00, 14:00 - 17:00
  • Get Direction
    Address:
    23 Cathedral Street
    Norwich
    Norfolk
    NR1 1LU

    Tel: 01603 510904
    DX: 5202 NORWICH
    Email: enquire.norwich@nortonpeskett.co.uk
    Hours: Mon - Fri 09:00 - 12:30, 13:30 - 17:00
Norton Peskett Solicitors