Equity Release

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Equity release products are either lifetime mortgages or home reversion plans. We offer a comprehensive range of equity release products from across the market but not deals that you can only obtain by going direct to a lender.

Equity release: unlock money from your home for a more comfortable retirement

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

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 for things such as:

 to generate a capital lump sum
 to provide an additional income
 to provide lifetime gifts to relatives
 for home improvements
 for holiday home purchase
 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.

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, such as 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 need to be explored before taking the equity release route, such as consideration of a conventional mortgage as an alternative, moving to a smaller home, using any savings or investments and potentially selling the home and moving into rented accommodation or living 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.

Expert financial advice on what is right for you

As financial advisers with the required equity release qualification 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, as you can rest assured knowing you have the right solution for you. It is advised that customers seek independent legal advice before entering into a legally binding equity release contract.

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Please go to our contact page and you will see all of our contacts for our representatives for your area.

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WHAT CAN WE DO FOR YOU?

Our mainstream service is to act on your behalf for the purpose of arranging and advising on the following: Personal & Family Protection, for example a Life Assurance or Critical Illness Plan;
Mortgages, including Buy‐to-Let - Releasing equity from your home (Equity Release);
For all the services described above we will complete a detailed fact find so we can understand your circumstances, specific needs and objectives.
Following our research we will provide a personal recommendation(s) for you to consider. With your agreement we will then implement our recommendation(s) and arrange any products on your behalf.
Ultimately, whichever type or level of service you require from us we will act in your best interests at all times.  

More than just a Mortgage Company

We are a firm of mortgage specialists based in West Yorkshire, with advisers also located throughout the North of England.

We provide advice to both individuals and companies on certain aspects of financial planning, through a long term approach of fully understanding our clients' needs, wants and aspirations and then prioritising objectives. As advisers, we can help you arrange suitable contracts to suit your requirements. We have many years of experience in finding the most suitable solution for our clients' needs.

We provide advice and help following a personal / business financial review which can take place at a convenient time and place. Usually a review will start with a very broad discussion of your concerns and aspirations.

Following your initial review, we will take time to consider your situation, needs and priorities before writing a financial report. We will discuss this in a follow up meeting, or call, in which we'll fully explain our recommendations and agree affordable priorities to assist you in acheiving your objectives.

Why choose us?

  • We're flexible & you can contact us in many ways

    You can contact Tracy at our main Head Office or you can choose one of our Consultants to discuss your needs. Simply click here to view all contact details

  • One size doesn't fit all

    We work with many different companies throughout the UK. Some may be your local branch and others are National companies
    and we will search to find you the right one.

  • Time for a change?

    Whether you are first time buyer, looking to re-mortgage or are even up & down-sizing, we have experienced mortgage advisors on hand to help you make the right decision.

  • Very well trusted

    We have helped literally thousands of clients over the years and we pride ourselves in getting to know each and every one of them. So look no further than Square Financial and call us today