Sheila Carroll
CeMAP, CeRER
Ravens Close, Blackpool, FY3 7SL
At Bower Home Finance, we want the best for our customers which is why our specialist advisers will work closely with you to explain equity release and answer any questions you might have. Our equity release advisers will only recommend equity release if it’s right for you and your circumstances. Whether you’re looking to gift to family or renovate your home, Sheila is ready to help you take the first step in your equity release journey.
Types of equity release in Blackpool
When releasing equity from your home, there are several solutions designed to match different circumstances.
It’s important you understand the options available to you, which is why our equity release advisers in Blackpool will discuss the pros and cons of equity release and how it will impact your circumstances.
Lifetime mortgages
As one of the main types of equity release, a lifetime mortgage allows you to maintain ownership of your home whilst releasing some equity from your home in a tax-free lump sum or drawdown. When it comes to a lifetime mortgage, there are a few options available, each dependant on your circumstances and eligibility.
Home reversion plan
A home reversion plan allows you to release equity from your home by selling a percentage or all of your property to a provider. Home reversion plans allow you to remain in your home, until you move into long term care or pass away, without paying rent on the percentage of the property you sell.
Lump sum vs drawdown
When releasing equity from your home you can receive your tax-free cash as a lump sum, or with a drawdown.
Drawdown lifetime mortgages allow you to receive your cash in smaller, regular payments on top of your lump sum. This is great for customers looking to have a bit of extra spending money each month to maintain their lifestyle after receiving their initial lump sum.
A lump sum lifetime mortgage will only offer customers a singular lump sum when they release equity from their home. A lump sum is popular for customers looking to make larger purchases or take on a home improvement project.
Speak to your local equity release adviser in Blackpool
Request a callback to speak to Sheila Carroll, your local equity release adviser in Blackpool.
The property market in Blackpool
Bursting with things to do, Blackpool is a hub for holiday makers and thriving local businesses, with the average house price in Blackpool reaching £156,932 in 2023.
With the cost of moving house on the rise, it’s no surprise that many homeowners are opting to renovate their homes instead of moving. Allowing you to withdraw equity from your home, equity release can be used for a range of things including holidays, home improvements and large purchases.
Our equity release advisers are here to explain equity release and help you understand the pros and cons, in addition to reviewing if it is a good fit for your circumstances. Contact us today to learn more about equity release in Blackpool.
Equity release Lytham St Anne’s
Located in Fylde, Lytham St Anne’s has been popular with those looking for a beautiful seaside resort since the 1870s. If you’re looking to for equity release in Lytham St Anne’s our equity release adviser is here to help you every step of the way. Our specialist advisers will answer any questions you might have and review your options of equity release in Lytham St Anne’s.
Equity release Bispham
Just a short drive from Blackpool Pleasure Beach, the village of Bispham showcases a beautiful beach and the historical landmark Carlin Rock. Are looking to release equity in Bispham? Take a look at our free equity release calculator to check your eligibility.
Equity release Cleveleys
Featuring the popular tourist attraction Mary’s Shell, Cleveleys is located north of Bispham. If you’re looking for equity release in Cleveleys, our specialist advisers offer home visits or telephone appointments to fit around your lifestyle. Get in touch today to learn more about equity release in Cleveleys.
Are you eligible for equity release in Blackpool?
When looking to release equity from your home, it’s important to understand its eligibility criteria. If you own your own home and the youngest applicant is aged 55+, you could be eligible for equity release in Blackpool. Try our free equity release calculator to see how much equity you could release.
Speak to a local equity release adviser in Blackpool
If you’re interested in equity release, why not have a chat with your local Blackpool equity release adviser? Request a callback today to learn more about equity release and your eligibility.
At Bower, we will understand your unique circumstances and advise you to ensure you are receiving the best plan to meet your objectives. There are plans that allow you to make voluntary repayments and move home, subject to lender criteria. However, early repayment charges may apply in certain circumstances.
Equity release requires paying off any existing mortgage. Any money released, plus accrued interest to be repaid upon death, or moving into long-term care. Equity release will reduce the value of your estate and your entitlement to means-tested benefits now or in the future, and impact long-term care funding.
Bower Home Finance provides independent, impartial whole of market advice with an award-winning customer service experience. Initial advice is provided at no cost to you and without obligation. Only if you choose to proceed and your plan completes, would a typical advice and administration fee of £1,695 be payable.
If you are considering equity release, we strongly recommend that you read our equity release page carefully and talk to one of our specialists before deciding if you wish to proceed.
To find out more about any of the products and the service we provide, please call us on freephone 0800 411 8668, request a call back, email us, or join our live chat you’ll find on our website.
Please be aware that equity release may involve a home reversion plan or lifetime mortgage which is secured against your property. All features and risks are thoroughly explained in your free personalised illustration.
