Equity Release

Is it time to cash in?

You may hear the word equity being used a lot. But what is it? And what does it mean for you? Find out how we can help you start releasing equity from your property today.

What is equity release?

‘Equity’ refers to the financial assets that are typically tied up in a business or property. In your case, you are most likely to hear this word in relation to your home.

Equity release typically refers to when homeowners start releasing the cash that is tied up in their property. There are a range of products which allow you to do this if you are over the age of 55. These products allow you access cash in two ways:

  • Lifetime mortgage is the popular form of equity release mortgage. It allows you to take out a mortgage secured on your property provided it is your main residence, while retaining ownership. You can choose to make repayments or let the interest roll-up; and ring-fence a percentage for something later down the line, like inheritance.
  • Home reversion is the option to essentially sell your house, in part or entirety, back to a home reversion provider. Through this, you can receive a lump sum or regular, smaller payments for your home, while still living in the house until you die. It is important to note that you will be required to maintain and insure the property in order to fulfill this agreement. You also still have the opportunity to ring-fence a percentage for later down the line, maybe for inheritance.
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Mortgages that suit you

At Simplicity, we know that choosing the right mortgage for your circumstances is paramount. That’s why we offer a range of mortgages to help you make the right move with a plan that works for you.

Find out more about our mortgage services.

First-time home buyers

Taking the leap into buying your own property can be daunting, so we’re here to make sure you get it right first time. Discover how our mortgage plans can work for you.

Remortgage

Looking for another mortgage rate? If it’s time to switch your current mortgage, we are on hand to find the best plan for you. Discover how you can remortgage your property today.

Buy-to-let mortgages

If you’re a new landlord or looking to make a start on your property portfolio, our mortgage services dedicated to getting you the most out of your new property. Discover how we can help you with the next steps.

Moving home

If you’re moving onto the next chapter, we are dedicated to making sure the transition is as smooth as possible. Find out how to get to the next stage with our moving home mortgage plans.

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Why choose Simplicity?

Finances can often be complicated, but it doesn’t have to be.

We appreciate that approaching the task of buying insurance policies can be daunting. There can be a lot of moving parts to contend with, and dates, numbers and fine print can
begin to cloud the bigger picture. That is why we are here to help you keep things simple.

Always fair

Simplicity are not tied to providers, meaning we are able to explore all options that are available when dealing with your policy. This way we can select the best options for you.

Always in touch

When you start your cover, you join the Simplicity family. We pride ourselves on being reachable should you have any questions or queries about any other financial products.

Always thinking ahead

The financial sector changes all the time, and that is why we automatically review your policies every 12 months. This ensures that you are always on the best plan you can be.

Always simple

Like our name implies, we don’t make things complicated. This company is built on keeping our services simple for our clients; keeping our process easy and your options as clear as possible.

Buy with confidence

Whether you are searching for insurance or a mortgage provider, we know that buying with confidence is key. That’s why at Simplicity, we are committed to providing every one of our clients with face-to-face guidance and first-rate services. Ready to start?

FAQ

How much equity can I release from my home?

The amount of equity that can be released from your property is all dependent on how much your property is worth and the amount of time you have lived there. This will be worked out upon your request.

When can I release equity?

Usually, you are eligible to start releasing equity from your property when you are over the age of 55.

How much can I afford?

This is always calculated by the price of the property you’re looking to buy, your monthly income and your general monthly expenditures. Come and speak to us about calculating your mortgage.

Why should I choose Simplicity over the bigger companies?

We appreciate that well known companies are always going to be the first thing that springs to mind when looking for these services. However, we are competitive with the top names, and we also offer a hands-on approach to these services; meaning you will always be able to stay in touch with our team.

How Simplicity can help save time and money?

Quite simply, we have extensive experience in this sector. Our clients have found that bigger companies can be difficult to contend with when it comes to finding the best deal. We pride ourselves on being able to find the best rates for our clients and provide a face-to-face service.

How often do I need to review my mortgage?

We will automatically check up on our clients’ mortgages before the end of the contract, so we if there is a better rate we will inform you. Of course, if you wish to review your mortgage at any time, we’ll be happy to.

Get a Quote

To find out what Simplicity can do for you, we would love for you to get in touch. Also, you can get a quick quote here.