Equity release mortgage quote
Let us find the juiciest quote for you
Find an equity release mortgage quote with First Mortgage – the impartial broker you can bank on.
We scour the whole of the UK market for the best deals – and you’re guaranteed to find the lowest rates. Our service is totally free and impartial. Call us now on 0845 603 1525 to arrange an immediate equity release mortgage quote.
What is an equity release mortgage?
Equity release is a great way to solve the problem of being asset rich, but cash poor in retirement. You don’t have to move from your home or downsize to a smaller property to access the money – the cash is paid back upon sale of the house when you pass away or move to a retirement home. Not moving home can even help you avoid inheritance tax (though you should consult a specialist for full details). You should also bear in mind that you may lose some rights to means-tested benefits and some deals can affect your income tax calculations.
There are two main types of equity release deal - reversion and lifetime mortgages. A lifetime deal provides either a cash sum or a cash amount spread over a period of years, effectively as a loan secured against your property. The interest is only payable when you die or move to a nursing home and the house is then sold, paying off the outstanding interest. Reversion schemes allow you to sell a percentage of your property in return for a lump cash sum or monthly payment.
Arranging an equity release mortgage quote…
You can arrange an immediate equity release quote by calling us now on 0845 603 1525 or filling in your details online. You may also want to visit our calculator page to find out what you can expect to receive from this type of deal. We can also offer a range of mortgage protection and insurance policies to cover your payments and possessions.
Arrange an equity release mortgage quote with First Mortgage
Call us on 0845 603 1525 for a free consultation with one of our friendly and experienced team. We are happy to discuss your situation and help you choose the best deal available.
Get quotes prepared fast and easy from our award winning brokers starting, with our smart online form. Quote request
Unsure where to start? Call our advice team now for free, impartial, experienced advice. Call us
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First Mortgage, the UK’s specialists in sourcing mortgages, remortgages and protection plans, are actively encouraging clients in Scotland (...)
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