Our independent, whole of market advisers are here to support you through your equity release journey. From making home improvements to paying off existing debts, equity release can allow you to release the equity in your home.
James Knighton
CeMAP, CeRER
0808 175 0392
Nottingham
At Bower Home Finance, we have over 18 years’ experience helping our customers release equity from their home. Speak to your local adviser, James Knighton, and start your equity release journey today.
Equity Release Advice in Nottingham
If you’re aged 55+ in Nottingham, and are looking to raise some funds, equity release could allow you to release tax-free cash from your home. Our specialist equity release adviser will help you understand if you’re eligible and if it’s the right solution for your circumstances.
Equity release is a big decision which is why we encourage you to include your family in your discussions. Our advisers will discuss the costs, features, and risks of equity release so you can make an informed decision.
Your adviser will also discuss your personal circumstances, and how this might impact your current lifestyle. Equity release can affect your means-tested benefits, so it’s important to understand how your entitlement may change, this will be explained by your local adviser.
When providing advice, our advisers will discuss all the options available to you and will not recommend equity release if it is not right for you. Your adviser will also discuss the impact of equity release on your estate and how this will reduce the value of your estate.
Speak to your local equity release adviser in Nottingham
Get started with our free online equity release calculator today to learn more about how much equity you could release from your home. Alternatively, request a callback from James, your local equity release adviser.
Releasing equity from your home in and around Nottingham
Rich in history and culture, Nottingham is a city known for its caves and castles and fun things to do, and with many nature reserves and forests, it’s a hot spot for families and students alike.
Our specialist equity release advisers are on hand to help. We want you to start your equity release journey with confidence and understand your options, which is why your local equity release adviser in Nottingham will offer whole of market advice whilst discussing the implications of equity release on your personal circumstances.
Speak to your local equity release adviser in Nottingham to find out if equity release is right for you.
Equity release Mansfield
As the largest market town in Nottinghamshire, Mansfield if located just north of Nottingham, offering a pleasant balance of vibrant shopping experiences with the tranquil countryside.
If you’re looking for equity release in Mansfield, our specialist adviser offers face-to-face appointments in and around Nottingham, so you can access equity release from the comfort of your own home. Request a callback to get started.
Equity release Ashfield
Hosting a range of award winning urban and country parks, Ashfield is located in the west of Nottinghamshire.
Looking to release equity from your home in Ashfield? Our local equity release advisers in and around Nottingham are on hand to help you get started. Request a callback or see how much equity you could release from your home using our free online equity release calculator.
Equity release Newark and Sherwood
Home to the famous ancient Sherwood Forest, Newark and Sherwood offers picturesque views and history rich buildings including Newark Castle.
Our equity release advisers in and around Nottingham offer local advice you can trust to help you understand equity release. If you’re looking to release equity from your home in Newark and Sherwood, our adviser is here to help. See how much equity you could release from your home today with our free online equity release calculator.
Start your equity release journey today
Your local Nottingham equity release adviser, James Knighton, offers expert advice to help you reach your financial goals. We’ll take into consideration your financial circumstances and how releasing equity may affect your regular income and benefits, to ensure we’re offering the best advice for your circumstances.
We offer a no-obligation initial consultation, so if you’re looking to release equity from your Nottinghamshire home, request a callback from our friendly team today.
Types of Equity Release plans
There are two main types of equity release schemes, lifetime mortgages and home reversion plans. Each coming with their own pros and cons, it’s important to seek advice to understand which types of equity release are best suited for your unique circumstances through a personalised illustration.
Lifetime mortgage
Lifetime mortgages are the most popular type of equity release plan, with a variety of options, they allow you to maintain ownership of your home with no obligation to make payments towards the loan.
A lifetime mortgage is secured against your property and will need to be repaid when you pass away or move into long-term care.
Some lifetime mortgages will allow you to make monthly repayments towards the interest, however an equity release adviser will be able to help you find a suitable product if you wish to make monthly payments towards your lifetime mortgage.
Home reversion plan
A home reversion plan allows you to release equity from your home by selling part, or all, of your home to a lender below market value.
As part of Equity Release Council Standards, you will have the right to remain in your property “rent-free” until you pass away or move into long-term care.
The funds you release through a home reversion plan is available through a single tax free lump sum or in a drawdown facility for multiple smaller sums.
Are you eligible for equity release?
If you are a UK homeowner aged 55+, you could be eligible to release equity from your home in Nottingham. In addition to being a homeowner, your home must be worth £70,000 or more and be in good condition to be eligible for equity release.
Equity release may not be suitable for everyone, and it’s essential to seek advice from a professional equity release adviser.
Get started today with our free online equity release calculator.
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.
