Our equity release specialists offer whole of market equity release advice across Norfolk. Start your equity release journey with Bower Home Finance, we’re here for you across the UK with over 18 years’ experience in helping our customers get the most out of their equity release.
Releasing equity in Norfolk
Our customers release equity from their homes for a variety of reasons including consolidating debt, replacing their car, and home improvement projects. Our qualified equity release advisers in Norfolk are on hand and ready to help you release the equity stored in your property.
The amount of equity stored in your home is equal to the value of your home minus any outstanding mortgage and loans secured against the property. Paying off your existing mortgage with the funds you release is required by lenders if you choose to proceed with equity release.
There are a few different ways customers can release equity from their home, which is why our qualified equity release advisers are ready to help you find the best option to suit your circumstances. When you release equity from your home in Norfolk, you can receive this as a tax-free lump sum or in smaller lump sums through a drawdown facility. However, it is important to consider the cost of equity release, including fees and charges, when deciding if it’s right for you.
You could be eligible to release equity from your home if you are aged 55 or over and own your own home in the UK. Check out our free equity release calculator to check your eligibility today.
To better understand how equity release could work for your specific circumstances, we recommend speaking with one of our qualified advisers who will be able to provide a personalised illustration.
How can I release equity from my home in Norfolk?
Our qualified equity release advisers will work closely with you to understand your financial situation to match you to the type of equity release that best matches your circumstances.
Our equity release specialists will be with you throughout the equity release process, so you can start your journey with confidence.
Lifetime mortgages in Norfolk
A lifetime mortgage allows you to secure a loan against your home whilst maintaining ownership and allowing you to release some of the equity in your home. These are often available as a cash lump sum or smaller amounts in a drawdown facility. Lifetime mortgages will not need to be repaid until you pass away or move into long term care.
Norfolk Home Reversion Plans
Home reversion plans allow you to sell part, or all, of your home whilst remaining in the property rent free until you pass away or move into long term care. When selling part or all of your home, you can choose how you receive the money, as one large lump sum or regular income, or both.
Alternatives to equity release Norfolk
From re-mortgage advice, to downsizing to a smaller property, and even checking your eligibility for means-tested benefits, there are a range of options available if equity release isn’t right for your circumstances.
Remortgaging your home: From searching the whole of the market for a better interest rate, to finding out if you could release equity from your home through re-mortgaging, our specialist mortgage advisers can provide expert mortgage advice.
Downsizing: As our families move out and our mobility reduces, sometimes moving to a smaller property can help free up some much-needed equity whilst offering a suitable living arrangement.
Checking your eligibility for means-tested benefits: Did you know you could be offered financial assistance through means-tested benefits? By checking your eligibility for state benefits, you could increase your income and receive some support where required.
Read more about the alternatives of equity release.
The property market in Norfolk
Known for its picturesque towns and unspoilt beaches, Norfolk houses sunning views and is well connected to the rest of the country. Norfolk reported an overall average price of £299,647 over the last, just higher than the UK average of £282,000 in January 2024.
Our specialist advisers will work closely with you and your family to help you understand the options available to you and get the best whole of market advice.
Get in touch today to find out if equity release is right for you.
Equity release in Norwich
Hosting Norwich cathedral and a range of museums showing Norwich’s strong cultural history, Norwich has a vibrant cultural centre with annual festivals driving tourism higher each year. Our equity release specialists are familiar with Norwich, offering face-to-face appointments across the region, they’re on hand to answer any questions you may have about releasing equity from your home.
Contact us today for more information.
Equity release in Great Yarmouth
With holiday makers flocking through Norfolk each year, it’s easy to see why those looking for some sunshine and fresh sea air travel to Great Yarmouth. If you’re looking to release equity from your home in or around Great Yarmouth, our qualified equity release adviser can talk you through your options and answer any questions. Get in touch today to learn more.
Equity Release King’s Lynn and West Norfolk
As the capital of West Norfolk, King’s Lynn is known for its maritime heritage, listed buildings and museums reflecting its long history. If you’re looking for equity release in King’s Lynn and West Norfolk, your local equity release adviser, Hazel Carter, is here to help with whole of market advice over the phone or in the comfort of your own home.
Learn more today by contacting our team or get started by finding out how much equity you can release from your house with our free online equity release calculator.
Who is eligible for equity release in Norfolk?
Whilst there are a range of equity release products across the market with their own criteria, you will first need to meet the main eligibility criteria for equity release. This includes:
- You must be aged 55+ (this also applies to the youngest applicant for a joint application)
- You must own a property valued at £70,000+ in the UK
- The home in question must be your main residence
- You must live in the UK
Learn more about the eligibility criteria of equity release in Norfolk.
Speak to a local equity release adviser in Norfolk
At Bower Home Finance, we’re here to help you, and as whole of market advisers, we’re not tied to any lenders so we can work with you to find the right plan for you.
We’ll help you understand the options available to you in Norfolk from equity release options, including lifetime mortgages and home reversion plans, to discussing if an alternative option is more suitable for you.
Get started today and find out how much equity you could release from your home or request a callback from a member of our team.
Learn more about your local Norfolk equity release adviser, Hazel Carter
When it comes to Equity Release, it’s important that people not only get good advice, but also understand it. That’s why I focus on giving clear, straightforward information so my clients can make choices that are right for them.
I’ve worked in financial services for 26 years, and for the past 20, I’ve specialised in Equity Release. I chose this path because I wanted to make a real difference. Helping people enjoy their retirement, improve their lifestyle, and feel more secure about the future is what truly motivates me.
There’s nothing better than knowing I’ve helped someone feel more confident and in control. That’s what drives me every day. I take the time to listen, tailor my advice to each person’s needs, and make sure all their questions are answered in a way that’s easy to understand.
Customer Service Is What I’m All About
Going the extra mile for my clients is just part of the job. I believe in keeping things simple and honest so there are no surprises for my clients or their families. As a proud member of the Equity Release Council, I follow their standards to make sure everything is done ethically, clearly, and with care.
Let’s Chat
If you’d like to know more or just want to have a chat about your options, I’d love to hear from you. I’m based on the Norfolk/Suffolk border and work across both counties, offering face-to-face advice.
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.
