“Equity” is the difference between the value of your residential property and any mortgage or debt secured against it. “Equity Release” is a way of unlocking the value of your residential property, without having to sell it or move.
Equity Advice UK is a trading style, for website purposes only of Millennium Wealth Management Ltd
“Equity Release” is a general term for describing all methods of releasing funds from a residential property.
There are two main ways in which you can release equity from your property.
You can either:
- Sell part or all of your home to give you a regular income and/or lump sum. These plans are known as home reversion plans; or
- Take out a loan secured on your home (mortgage). Typically, these are known as lifetime mortgages
Equity Advice UK will ensure that all the facts are presented to you in a manner in which you can make an informed decision.
Equity Advice UK is a trading style, for website purposes only of Millennium Wealth Management Ltd
Anyone can apply for Equity Release, if you are the owner of a residential property, and aged over 55, with little or no outstanding mortgage.
Equity Advice UK is a trading style, for website purposes only of Millennium Wealth Management Ltd
Equity Advice UK always encourages as part of the initial discussions that immediate family and/or beneficiaries be involved in exploring the suitability of Equity Release.
As part of those conversations, we explore the advantages and disadvantages of Equity Release in full and advise how in each case it may affect your individual circumstances. Of course, if you wish to proceed on your own, we will adhere to your instruction.
Be assured that all information discussed is confidential.
Equity Advice UK is a trading style, for website purposes only of Millennium Wealth Management Ltd
Equity Advice UK are independent Equity Release specialists, with access to all the leading providers of Equity Release solutions within the UK.
The service and advice provided by Equity Advice UK is based upon your personal circumstances, any quotes provided will be from Equity Release providers who offer and meet your individual requirements.
By utilising the services of Equity Advice UK, you save the time of searching the market yourself and the need to have potentially multiple meetings with Equity Release advisers from various providers.
Equity Advice UK is a trading style, for website purposes only of Millennium Wealth Management Ltd
Equity Advice UK typically suggests that the completion of Equity Release can be done within 4 – 8 weeks.
Throughout the process, Equity Advice UK will keep you informed and updated on the progress.
Equity Advice UK is a trading style, for website purposes only of Millennium Wealth Management Ltd
Equity Advice UK will advise you as to the most appropriate provider to meet your needs and objectives and outline all the fees and charges before you commence with your application.
As part of this consideration, ensuring the suitability of Equity Release to your personal situation is paramount. We will discuss and explore a number of key points. For example; the implications of adding fees to the amount you borrow, the costs associated to the provider of the Equity Release facility, and any other factors that can have a bearing on the overall total cost.
Equity Advice UK is a trading style, for website purposes only of Millennium Wealth Management Ltd