Are you considering...

Equity is the value you hold in your home after subtracting any borrowings like mortgages. Releasing equity means using some of that value in exchange for cash. Here are a few ways to do it, depending on your goals:

1. Re-mortgaging

If you want to borrow against your home’s value to fund renovations or consolidate debt, re-mortgaging could be a good option. You might secure additional funds through your current mortgage provider or opt for a new provider to get a better interest rate.

2. Lifetime Mortgages

Designed for homeowners aged 55+, a lifetime mortgage lets you borrow against your home’s equity in one or multiple lump sums. Interest accumulates on the amount borrowed, and the loan is repaid when the property is sold. Choose a scheme with a no-negative equity guarantee to protect against future property value changes.

3. Home Reversion

For homeowners aged 60+, this option involves selling a share of your home to a lender for a lump sum or regular income. While you retain the right to live in the property, you’ll only receive a percentage of its value when you sell. Home reversion can be costly and is typically less popular than lifetime mortgages.

Could Downsizing Be a Better Move?

If your home has more space than you need, downsizing could provide a financial boost without impacting homeownership. Moving to a smaller, energy-efficient property may give you a lump sum to fund your future plans while retaining full ownership.

Discuss Your Property Options with C residential

Sometimes, your property itself can unlock new opportunities. Whether you’re thinking of downsizing, planning improvements to boost value, or exploring ideas like letting part of your home, it’s worth chatting with a knowledgeable agent.

Contact C residential today to explore the possibilities with your Rugeley property!