In London, Bower Home Finance offers expert equity release advice, tailoring solutions to meet your unique financial needs. With a commitment to integrity and clarity, we’ll guide you through unlocking your property’s value, ensuring a secure and comfortable future. Explore your options with our award-winning guidance and learn more about releasing equity from your home in London below.
Your London Based Equity Release Advisers
At Bower Home Finance, our team of London equity release advisers and Bower Private Client department, possesses deep insight into the capital’s unique property landscape, especially within areas such as Kensington, Chelsea, Hampstead, Highgate and Finchley. We understand that your home is more than just a residence; it’s a part of your legacy, intertwined with the fabric of London’s rich history and vibrant culture.
Our approach is centred around providing tailored advice that resonates with the sophistication and individuality of each homeowner. We believe in creating a partnership with our clients, guiding you through the intricacies of equity release with transparency.
Our advisers are equity release specialists dedicated to finding solutions that fit around your lifestyle. By speaking with our trained London equity release advisers, we can provide personalised recommendations based on your financial situation and help navigate the complexities of various equity release products.
At Bower Home Finance, our equity release team in London offers a unique opportunity to unlock your property’s financial potential, allowing you to enjoy life’s pleasures and plan for future needs without leaving your cherished home.
Whether you’re looking to supplement your retirement income, fund a grandchild’s or relatives property purchase or education, or embark on that once-in-a-lifetime holiday, our bespoke equity release plans in London are designed with your aspirations in mind.
Find out how much equity you could release from your home with our free online equity release calculator.
What is equity release?
Equity release allows homeowners to release money from their property, enabling them to secure funds for various uses, including clearing existing mortgages or loans, home improvements or financial gifts to family.
For those residing in London, equity release can be an effective financial tool, enabling them to benefit from their properties while enjoying the luxury and heritage of their homes.
If you are based in London or the surrounding areas, our team at Bower Home Finance can provide you with equity-release products that suit you and your finances. A structured equity release plan can make your lifelong goals much more achievable; whether you are looking for a lump sum or a drawdown facility to draw upon at a later date, we can help you.
Equity release in London, especially within its high net-worth areas like Notting Hill, Belgravia, Kensington and Mayfair, offers a strategic advantage for homeowners looking to leverage the substantial equity in their homes.
These areas, known for their historical significance and exceptional property values, present an ideal backdrop for equity release schemes. Homeowners can access the capital in their high-value properties, providing a financial boost to support a comfortable lifestyle, invest in new ventures, or pass on wealth to the next generation.
Benefits and Drawbacks of Equity Release
The benefits of equity release include the ability to release tax-free cash, which can be used to fund retirement, pay off debts, or make home improvements. Additionally, equity release can provide a way to supplement retirement income and help with long-term care costs.
However, there are also drawbacks to consider, such as the potential impact on means-tested benefits and the impact this will have on any inheritance you plan to leave.
It’s essential to seek independent advice from an equity release adviser to understand the pros and cons of equity release and determine if it’s the right solution for your individual circumstances.
Why release equity from your London home?
There are a number of reasons homeowners may choose to release equity from their home in London including to clear existing mortgages and loans, home improvements, financial gifts to family and in-home care costs.
Equity release can allow flexibility and the ability to remain in your home ‘rent-free’ until the last applicant passes away or moved into long-term care, making equity release a preferred option for UK homeowners aged 55+ seeking to raise some tax-free cash. Equity release can help you release tax free cash for a comfortable retirement by alleviating income concerns during retirement, however it is important to consider the pros and cons.
Want to learn more about how you can use your equity release? Read more about the uses of equity release.
Who Is Eligible For Equity Release In London?
To be eligible for equity release in London, you must meet specific criteria based on age and property value.
To be eligible for equity release in London, you must:
- Be aged 55+
- Have a property valued at £70,000+
- Live in the UK
- The property must be your main residence
The property’s location, condition, and type may also influence eligibility. Consulting with a specialist, such as one of our equity release advisers here at Bower Home Finance, is highly recommended for a more detailed understanding of eligibility requirements and how they might apply to your specific circumstances, particularly in London’s diverse property market.
Our team can provide tailored advice, considering the nuances of high-net-worth areas and unique property types found in the city. Why not try our equity release calculator to find out how much you could release from your London home?
The two main types of equity release in London
There are two main types of equity release available in London, Lifetime Mortgages and Home Reversion Plans.
Lifetime mortgages in London:
This is the most common type of equity release available to homeowners over 55. Essentially, it is a loan secured against your home that is usually repaid from the sale of your home when you pass away or move permanently into residential care.
Applicants will not only owe the amount borrowed, but any accrued interest that has built up over the lifetime of the mortgage. Some plans may allow you to make payments towards the interest of the lifetime mortgage however it is important to discuss this with your adviser.
London home reversion plans:
This less common type of equity release is available to homeowners over 65. It requires you to sell part or all of your home at a discounted rate, you can remain in the property ‘rent-free’ until you pass away or move into long term care. When this happens, you home will be sold and your provider will reclaim the percentage originally sold at market value.
The London equity release process
In order to proceed with equity release, you’ll need to have a chat with a qualified independent equity release adviser. Your equity release adviser in London will discuss your current circumstances, your future goals and your eligibility for equity release.
After an in-depth discussion, your London equity release adviser will research which products are suitable for you. It is important to check if your adviser is whole of market since this will ensure the adviser is not limited in which products and providers they can recommend.
Working with a reputable equity release provider is crucial to ensure compliance with regulatory standards and to safeguard your financial interests. After your adviser has presented their recommendations, you will be able to move forward with an application with your chosen provider.
It’s essential to seek expert advice to understand how equity release might fit into your financial landscape, considering all implications, including how it might affect your estate and any entitlements to means-tested benefits. Additionally, it is important you understand the various costs involved, such as advisory fees, solicitor’s fees, and interest on the loan, as these can significantly impact the overall expense of equity release.
This is where our team here at Bower Home Finance can help you; we specialise in equity release plans including lifetime mortgages and home reversion schemes, and the entire equity release process.
Speak to our team today if it is something you are interested in learning more about.
Equity release advice in London you can trust
Choosing Bower Home Finance for your equity release needs in London offers the advantage of our comprehensive market knowledge, personalised service, and dedication to client satisfaction.
Our team of experts is adept at navigating the complexities of the London property market, ensuring you receive bespoke advice that aligns with your financial goals and lifestyle aspirations.
Our commitment to transparency and integrity means you’re guided through every process step, ensuring your decisions are informed, and your interests are protected. We support clients through the whole process of equity release, providing comprehensive guidance and expert advice, including a detailed Key Facts Illustration. This document clarifies the features, risks, and costs associated with equity release, helping you make informed decisions tailored to your individual circumstances.
Get started today by requesting a callback or find out how much equity you could release through our free online equity release calculator.
Rated Exceptional on Feefo
At Bower, we’re proud of our relationships we build with each of our customers and the service we offer along the way.
Honesty sits at the heart of everything we do as a business which is why if we believe equity release isn’t right for you and your circumstances, we will not recommend it. We will always discuss any alternative options with you and answer any questions you might have so you can move forward with equity release with confidence.
Read more about how we’ve helped customers across London release equity from their homes in our Feefo reviews.
Proud members of the equity release council
At Bower Home Finance, we’re proud to be members of the Equity Release Council (ERC). This means we follow the strict standards and principles set by the Council, and every product we recommend complies with the ERC’s guarantees. One key guarantee is the no negative equity guarantee, which ensures you’ll never owe more than the value of your home.
As members of the Equity Release Council, we are dedicated to delivering high-quality advice and products tailored for homeowners. This dedication ensures you receive clear, honest advice throughout your equity release journey.
Alternatives to Equity Release
There are several alternatives to equity release, this includes:
- Downsizing to a smaller property
- Using savings or other assets to fund retirement
- Seeking help from family members.
Additionally, homeowners may be able to use other financial products, such as retirement mortgages or secured loans, to achieve their goals.
It’s essential to carefully consider all of the options and to seek independent advice before making a decision. An equity release adviser can help homeowners understand the pros and cons of each option and provide guidance on the best course of action. By considering all of the alternatives, homeowners can make an informed decision that’s right for their individual circumstances.
The property market in London
Popular with tourists and locals alike, London hosts a variety of things to do from modern days out to historic sightseeing. With an abundance of public transport options and green spaces throughout the city, it’s no wonder London has attracted people from around the world to call the city home for decades.
As the capital of England, the average house price in London far surpassed the overall UK average, with London’s average house price in 2024 sitting at £685,972.
North London Equity Release
As a vibrant and diverse area with a rich history, shaped by centuries of growth from rural villages to bustling urban neighbourhoods, North London blends cultural heritage with modern city life. If you’re looking to release equity from your home in North London, our qualified equity release advisers are on hand to help. Equity release can be particularly beneficial for individuals in later life, providing financial support for paying care costs or making home improvements to accommodate their needs as they age.
East London equity release
Evolving from docks and factories, East London has rapidly changed over the year, boasting its creative community and culture rich history. Our specialist equity release advisers in East London are here to help you start your equity release journey. Get started today by speaking with a member of our team.
South London equity release
Known for its cultural diversity and strong history, South London’s cultural heritage is shown throughout everyday life. If you’re looking for equity release in South London, our team are here to help. Equity release can provide financial flexibility, allowing you to pay off other debts, cover bills, fund home renovations, or assist family members with a financial gift. Offering no-obligation, whole of market advice, our equity release advisers in South London are here to answer your questions.
West London equity release
Known for its luxury real estate, high-end shopping, and proximity to iconic landmarks such as Hyde Park and Buckingham Palace, West London’s properties are a popular choice for those looking to move to the big city. Our equity release specialists in West London are here to help you get started, offering whole of market advice, we can help you find the option that is the most suitable for your individual circumstances.
Central London equity release
Known for its iconic landmarks, bustling shopping districts, and business centres, Central London offers convenience and culture as the vibrant heart of the city. If you’re looking to release equity from your home in Central London, our specialist advisers can help you take the first step. Request a callback to get started today.
Are You Looking For Equity Release In London? Speak To Bower Home Finance Today!
Bower Home Finance stands out in London, offering equity release advice for those looking to enhance their financial flexibility in retirement. Specialising in later life lending, we offer bespoke solutions that allow you to tap into the equity of your property in a way that’s flexible for you.
Our team of seasoned professionals are dedicated to finding an equity release plan that meets your financial needs and aligns with your long-term retirement goals. Clients should be aware of the advice fee as part of the overall costs and also consider potential early repayment charges.
Whether you’re looking to boost your retirement income, funding home renovations, or assisting family members, we can help you find the right equity release option for your circumstances.
Reach out to us today to discover how their tailored retirement mortgages in London can work for you; you can also find our equity release services across the UK.
Calculate how much equity you can release in London
You can calculate how much equity you could release from your London property using our free equity release calculator:
Award Winning
Equity Release Advice
FAQ’s
Is equity release suitable for a London-based property?
To be able to proceed with equity release in London, you’ll need to meet the above eligibility criteria including:
- You must be aged 55+
- Your home must be your main residence
- Your home must be located in the UK
- Your home must be valued at £70,000 or more
If you meet the eligibility criteria, your equity release specialist will be able to discuss your options and what plans might be available to you. Your adviser will need to ask a few questions to learn more about your home and its construction to be able to proceed, including if it is of standard construction and if your home has any spray foam insulation.
Whilst your eligibility for equity release can be dependent on the location and the type of property you own; it is important you speak to an equity release specialist to learn more about the criteria as some equity release products are more flexible than others.
Is there a maximum amount you can borrow from your London property?
The maximum amount you can borrow through equity release from your London property largely depends on factors like age, market value, and the lender’s policies. Typically, older homeowners may access a more significant percentage of their home’s equity as lenders consider life expectancy in their calculations.
It’s about balancing the financial benefits of unlocking your home’s equity with maintaining your cherished London residence’s long-term security and legacy. If you want to release equity, you should speak to a team of advisers; we can discuss lump sum options and answer your questions on “how does equity release work?”
The unique aspects of London’s property market, including its high-value areas and diverse property types, also play a critical role in determining how much you can release. It’s essential to engage with a knowledgeable equity release adviser who can provide a tailored analysis based on your specific situation, considering the nuances of the London real estate landscape and the variety of equity release products available.
This personalised approach ensures you understand the maximum amount you can borrow while safeguarding your financial well-being and plans. However, it is crucial to be aware of the risks involved, potential early repayment charges, and the impact on your estate value and means-tested benefits.
Is it safe to do equity release in London?
When considering equity release for your home in London, it’s important to get the right advice from members of the equity release council. This ensures protective measures like the ‘no negative equity guarantee’ are in place, safeguarding you from owing more than your property’s worth. Beyond this, transparent, comprehensive advice tailored to your unique situation is crucial.
Engaging with a trusted adviser at Bower Home Finance who understands the nuances of the London property market and the specific considerations for high net-worth areas can provide peace of mind and a secure pathway to responsibly accessing your property’s value. Every equity release plan is explained from start to finish, whether your appointment is face to face, or over the phone; with Bower Home Finance, you can explore equity release in and around London, Essex and the wider United Kingdom.
Who is the Equity Release Council?
The Equity Release Council are a governing body that sets the standards for safe and ethical equity release practices, ensuring that all members provide transparent, fair advice and products.
Their safeguards, such as the ‘no negative equity guarantee’, protect homeowners by ensuring they never owe more than the value of their homes, offering peace of mind to those looking to unlock the wealth tied up in their properties.
At Bower Home Finance, 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.
Bower Home Finance provides independent, impartial whole of market equity release 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.
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. 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 use our live chat 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.
