With over 18 years’ experience with helping our customers release equity from their property, we understand that there are many reasons why you are looking to release equity from your home. From debt consolidation, to gifting to family, our whole market equity release adviser, Richard Miller, is ready to help you understand what options are available to you.
Your equity release expert in Worcester
The equity in your home is equal to the value of your home minus any outstanding loans secured against it including mortgages. Releasing equity from your home can be completed in a few ways, this includes a tax-free lump sum or a drawdown. A lump sum will allow you to access the money all at once, in comparison, the drawdown will release smaller amounts of cash as and when you require.
The amount you can release from your home is determined by a set criteria from the lenders. This can include your age, property value and type, and your health. Our equity release advisers want what’s best for you, which is why our team will work with you to create an accurate illustration of your circumstances to match you to the best solution. This will consider any debt, properties and lifestyle changes that might impact your suitability for certain types of equity release.
Just like any financial product, equity release is a decision to be considered seriously with the positives and negatives viewed from the start. We encourage you to discuss your options with your friends and family or even bring them along to your consultation with our equity release specialist so they can have their questions answered whilst being included in the conversation.
Your local equity release adviser Richard Miller is happy to help answer any questions you might have and explore your options of equity release in Worcester today.
Equity release advice in the Worcester and Worcestershire area
Request a callback from Richard Miller, your local Worcester equity release adviser.
The Worcester property market
Located in the heart of the West Midlands, Worcester demonstrates a long history including a cathedral dating back to the year 680 and a 14th century inn. With its history rich buildings, it’s no surprise Worcester’s homes are full of character and sought after properties. Reporting an overall average house price of £274,479 over the last year, which is in line with the UK average of £282,000 in January 2024.
We understand how important it is to move through your equity release journey with confidence, which is why Richard Miller, your local equity release adviser in Worcester, will work closely with you to answer any questions and help you understand the options available to you. Request a callback today to learn more about your equity release options today.
Equity Release in Redditch
Previously an industry rich town, Redditch is now popular with workers looking to commute to Birmingham but preferring to live outside the city. Our equity release advisers provide face to face appointments in and around Redditch and the wider Worcestershire area, so you can access equity release from your own home. Speak to our specialist equity release adviser today to learn more about equity release in Redditch.
Equity Release in Kidderminster
Located just north of the River Stour, Kidderminster is known for its cloth and carpet industries from the 16th century, continuing it’s carpet making to this day. If you’re looking for equity release in Kidderminster, our equity release specialist is ready to answer any questions you may have. Speak to our specialist to learn more about equity release in Kidderminster today.
Equity Release in Evesham
Founded around an 8th century abbey, Evesham is a market town between Worcester, Cheltenham and Stratford-upon-Avon. Our specialist equity release adviser can offer face to face appointment in Evesham in addition to the wider Worcestershire area. If you’re interested in equity release, speak to our adviser in Evesham today.
Am I eligible for equity release in Worcester?
Our no obligation equity release calculator can check your eligibility. If you’re aged 55 and over, and own your own home, you could be eligible. Check out our free equity release calculator today.
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.
