Our equity release specialists offers whole of market equity release advice across Norfolk. Start your equity release journey with Bower Home Finance, we’re here for 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.
When you release equity from your home in Norfolk, you can receive this as regular payments or a tax-free lump sum. 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. 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.
You could be eligible to release equity from your home if you are aged 55 or over and own your own home. Check out our free equity release calculator to check your eligibility.
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
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. Lifetime mortgages will not need to be repaid until you pass away or move into long term care.
Home Reversion Plan
Home reversion plans allow you to sell between 25% and 100% 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, this can be as one large lump sum or regular income, or both.
Re-mortgaging your home
If your home’s value has increased since you purchased it, your home might have a lower loan to value than when you first bought it. This could mean you could increase your mortgage to release a lump sum, rather than borrowing separately.
Speak to a local equity release adviser in Norfolk
Request a callback to have a chat with your local Norfolk equity release adviser .
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 bet 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 museums that demonstrate Norfolk strong cultural history, it’s no surprise that the city of Norwich is 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.
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.
