What can Equity Release be used for?
Equity release can be used for many reasons, and at Optimus Mortgages, we understand that all our clients have different circumstances and needs.
One of the most common reasons for using equity release is to repay an existing mortgage or debt. You may want to do some home improvements or create a more comfortable living environment for your retirement.
Having the holiday of a lifetime is a dream many people have, and equity release can help them realise that dream. Holidays in the UK are becoming increasingly popular and using equity release to buy a new motorhome is giving many people the freedom to explore the many beautiful parts of the country the UK has to offer. Wherever your travel desires take you, there are financial options available for you to help make those dreams a reality.
Another common reason for taking equity release is to support families, usually to help children or grandchildren get on the housing ladder by providing them with the deposit to help them buy their home.
An equity release plan is not the only option if you wish to free up some cash in retirement. Downsizing the property or borrowing money from a close friend or family member, could be a preferable alternative to releasing equity from the home.
Equity Release may not be suitable for everyone.
Releasing capital from your property, will reduce the amount of inheritance that can be left and may impact the receipt of any means-tested benefits.
Why choose Optimus Mortgages?
Our initial consultation is completely free, and there is absolutely no obligation to proceed.
We have decades of experience in financial services, and being completely independent and whole of market lifetime mortgage brokers means that we are not tied to any lender or third party, allowing us to make sure we get you the best deal.
You will be designated your own dedicated specialist equity release adviser, with their own direct email and telephone number, so you can be confident that you will always be dealing with the same person.
Our fully qualified equity release specialists will always deal with you in plain English, not jargon.
With our easy to use client portal you can receive updates on the progress of your application 24 hours a day, seven days a week, as well as being able to securely upload and review documents.
We offer a competitive and transparent fee structure.
Use our free calculator
See how much tax-free cash you could release from your home with our our free equity release calculator
Speak to an adviser
Book an appointment with a specialist adviser at a time that is good for you
Optimus Mortgages offer lifetime mortgages, which is a loan secured against your home. Equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits.