At Bower, we have over 18 years’ experience with helping our customers release equity from their property for a variety of reasons. Whether you’re looking to consolidate your debt, make the most out of retirement with a bit of traveling or wanting to make some much-needed home improvement, our whole market equity release advisor, Tracy Elspass-Collins, can help you learn more about your options.
Tracy Elspass-Collins
CeMAP, CeRER
0808 175 0392
Woodside Cottages, Willington Street, Maidstone, Kent, ME15 8EB
Your equity release expert in Kent
Equity release is a big decision, which is why we encourage you to involve your family when you’re looking for equity release. Our trusted team will keep you and your family informed every step of the way, making sure you understand the advantages and disadvantages of each financial product so you can make an informed decision.
Your home equity is equal to the value of your home minus any outstanding loans secured against it and outstanding mortgages. When you release equity from your home, it can be via a tax-free lump sum or a drawdown. A drawdown lifetime mortgage will allow you to release smaller amounts of cash as and when you need them, in comparison to a lump sum lifetime mortgage which will release the cash in one lump sum.
The amount of equity you can release from your home is dependent on set criteria including your age, property value and your health. Our specialist equity release adviser Tracy Elspass-Collins is ready to answer any questions you may have about equity and explore your options of equity release in Kent.
Your local equity release adviser in Kent
Request a callback to have a chat with Tracy Elspass-Collins, your local Kent equity release adviser.
The property market in Kent
Featuring a range of characteristic homes, including hundreds of listed properties and a diverse range of architecture styles, it’s easy to see why many flock to live in this history rich county. Reporting an overall average house price of 454,930 over the last year, Kent is significantly higher than the UK average of £282,000 in January 2024. Further demonstrating the desirability of the properties of Kent.
We want you to move through your equity release journey with confidence, which is why your local equity release adviser in Kent will work closely with you, along with any family or friends you wish to involve, to ensure you understand the options available to you and your suitability. Speak to your local equity release adviser in Kent to find out if equity release is right for you.
Equity Release in Maidstone
Offering a lively town centre with picturesque rural surroundings, Maidstone is one of the largest towns in Kent. Our specialist equity release advisers provide face to face appointments in and around Maidstone, so you can access equity release in Maidstone without traveling. Speak to our advisers today to learn more about how you can access equity release in Maidstone.
Equity Release in Canterbury
Famous for its beautiful cathedral and medieval architecture, it is no surprise that Canterbury hosts a range of charming homes. We cover a range of locations including Canterbury, meaning our specialist equity release advisers will travel to you, so you can learn more about equity release in the comfort of your own home. Contact us today to learn more about how me make equity release in Canterbury easy.
Equity Release in Swale
Featuring a modern market town with historic links, the range of homes in Swale offer a pleasant mix of modern builds and renovated listed buildings. Are you looking for equity release in Swale? Our specialist equity release advisers are ready to help you find the best solution with their whole of market approach. Contact us to learn more about equity release in Swale today.
Am I eligible for equity release in Kent?
If you’re aged 55 and over, and own your own home, you could be eligible to release equity on your home. Check out our free equity release calculator to check your eligibility.
Learn more about your local Kent Equity Release Advisor, Tracy Elspass-Collins
Tracy is based in Maidstone, covering Swale, Canterbury and the wider Kent area.
As a professionally qualified full Financial Adviser, of 30 years standing, with the last 14 years specialising in the Lifetime mortgage market, Tracy is passionate about helping the mature community with solving financial needs and enabling her clients to live their retirement years worry free. Tracy advises and recommends plans from the whole of market, with no bias to any particular lender and have dealt with and solved most instances of ‘awkward cases’, along the way.
Tracy has a broad knowledge of all the ins and outs of Lifetime mortgages and associated legal terminology and family financial planning. She offers peace of mind whilst helping you achieve the best outcome for your circumstances.
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.
