Plans available

Equity Release Brokers > Plans available

Plans available

Equity release and later life solutions for over 55’s

At Equity Release Brokers, we are deeply committed to helping those over 55 in Essex and the home counties navigate the complexities of later-life financial planning. With our extensive range of equity release options, we tailor our services to fit your unique needs and lifestyle aspirations. Whether you’re considering turning your property assets into a regular income, safeguarding an inheritance for your loved ones, or simply achieving greater financial freedom in retirement, we provide expert advice and solutions to make your goals a reality.

Lifetime Mortgage plans

No term, mortgage will be repaid at the end of the plan (death or long term care), no income assessment, over 55’s – no maximum age, Equity Release Council product standards and guarantees

Lump sum plans

You choose how to use the money raised, for any legal purpose. Tax free, unless used for an income.

Drawdown plans

Allows a pre-agreed cash reserve to be drawn down as and when required or on a fixed draw down schedule, you choose.

Interest Only plans

Allows interest to be serviced providing control over borrowing. You choose what percentage of the interest you wish to service too, up to 100% of the monthly payment.

Enhanced plans

For clients with ill health or lifestyle issues. Higher Loan to Values available. Allows more money to be released from your property than standard plans.

Voluntary repayment plans

The ability to make repayments if and when you want. This allows you to make lump sum repayments to the amount outstanding without penalty. Ideal for clients who may have inheritance on the horizon or other large cash lump sums in the future.

Income plans

Capital can be invested or used to provide a fixed income over a pre-set period

Inheritance protection/protected equity plans

You can protect a fixed percentage of your property to allow you to pass on after death. Ideal for clients where family inheritance is important to them.

Fixed Early Repayment Charge plans (ERC’s)

More and more products coming to market offering a known fixed early redemption charge.

Downsizing guarantee plans

Repay the mortgage without penalty upon house move after qualifying period. Ideal for clients who may have a need to downsize in the future.

Buy to let/second home plans

Can use additional properties as security, thus allowing you to raise more equity from your properties.

Sheltered Housing / Age Restricted property plans

Over 55 retirement properties for example, these types of properties are difficult to raise finance against. We have several lenders who specialise in this area.

Home reversion plans

Sell a portion or all your home in return for a lump sum. All the ERC guarantees still apply.

These are still available and are the right choice for some clients although very few are used in today’s market given the wealth of options available in the lifetime mortgage market.

Retirement mortgages

Term normally up to age 85, income always assessed, no Equity Release Council guarantees.

Retirement Interest Only mortgages

Income assessed, interest serviced for the life of the loan, normally up to age 85. Ideal for clients who have surplus monthly income or are coming to the end of a pre-arranged interest only residential mortgage term.

Additional Services

  • Mortgage
  • Wills and probate
  • Lasting Power of Attorney
  • Trusts
  • Life insurance
  • Funeral plans

Need Help?

Please feel free to contact us. We will be more than happy to answer any questions you may have. You can call the office or drop us an email.

01277 620083

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