Equity Release

Equity release advice

We have our own in-house equity release specialists that operate through our sister company, The Equity Release Store.

For more information on Lifetime Mortgages and Equity Release, please visit: www.theequityreleasestore.co.uk or speak to our equity release expert on 01603 858580. We're based in Lowestoft and provide guidance to clients all over East Anglia, including in King's Lynn and Cambridge. Get in touch today.

Unlock money from your home for a more comfortable retirement

Equity release is typically available to people who are over the age of 55 and have their own home with a significant amount of equity, but don’t have enough money or income for their needs. By releasing equity in the form of a lifetime mortgage or home reversion plan, it enables the individual(s) to remain in their home and raise money to help:

generate a capital lump sum
provide an additional income
provide lifetime gifts to relatives
facilitate home improvements
purchase a holiday home
to fund long term care

Where equity release is a suitable solution and you take out a lifetime mortgage or home reversion plan, the money does not usually need to be paid back or the home sold, until the last remaining borrower dies or moves into care. Although this may not be the case, for example if you make repayments to preserve as much of the inheritable estate as possible.

Are you looking to remortgage?

Is equity release right for me?

Whilst there are benefits for people in this situation, equity release isn’t for everyone and the benefits need to be weighed up alongside drawbacks. For example, equity release can:

be expensive
impact on you being able to claim certain state benefits and your personal tax position
impact on local authority grants / other grants (i.e. for essential home improvements)
potentially erode any inheritance passed down to loved ones

Also, there may be alternative options available to you that you may wish to explore before taking the equity release route. For example, you could consider a conventional mortgage as an alternative. You could also move to a smaller home, use any savings or investments, sell the home and move into rented accommodation, or live with children or other relatives.

Don’t worry as we can help you understand all the features and drawbacks so you can make a fully informed decision.

FREe

CONSULTATION

EXPERT ADVICE

SUSTAINABLE SOLUTION

Expert financial advice

As financial advisers with the required equity release qualifications and training, we can assess your individual circumstances and needs, and then give you expert advice on the right course of action for you. The benefits need to outweigh the drawbacks to ensure equity release is more suitable than alternative methods of raising funds.

It’s often said that you can’t buy peace of mind, however that’s exactly what our financial service does. You can rest assured knowing that we have the right solution for you.

It is advised that customers seek independent legal advice before entering into a legally binding equity release contract.

Please note:

EQUITY RELEASE MAY REQUIRE A LIFETIME MORTGAGE OR HOME REVERSION PLAN. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.

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Have used Parklands IFA (Donovan) twice now and every time they deliver exactly what I have asked for.
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The service we received from Donovan Goodman at Parklands was fantastic. As first time buyers on our quest to understand the world of mortgages, he took the time to explain our options to us, answer all of our questions and, most refreshingly of all, was completely open and honest with us. I would highly recommend Parklands Financial Advisers.

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We have bought two properties using Donovan from Parklands now. Both processes were made easier by having him to help, as well as him going to many lengths to get the best deal for us.
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