Equity Release in Newcastle

Equity Release & Lifetime Mortgage Advice in Newcastle

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How does Equity Release in Newcastle work?

The longer that you have owned property, the more equity you will have built up in it. There is a possibility that you will be able to release some of this equity and turn it into a lump sum of cash.


You will be able to spend this money on what you want. Some may want to use the money to pay off unsecured debt, fund home improvements, even a holiday or purchase a new car. You should speak to an Equity Release specialist before taking out money from your home. This is a specialist subject and it should be done right; speak to an Equity Release Mortgage Advisor in Newcastle today.

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Lifetime Mortgages Newcastle

In some cases, particularly with older applicants, equity release comes in the form of a Lifetime Mortgage. You may be able to take out a Lifetime Mortgage in the future, but to qualify, you will have to be at least 55 years old.


When you take out this type of mortgage, you will begin receiving repayments. We see people paying off their Lifetime Mortgage whilst living inside the property, in long-term care, or let the loan amount build up with interest. You can choose the route that you want to take.


Depending on your circumstances, you may plan to use the equity in a completely different way to someone else. It’s entirely up to you how you use the money.

Things to Remember with Equity Release

Before applying for a Lifetime Mortgage, make sure that you are fully aware of how they work. You will need to pass certain requirements before you will be able to advance your application. The main factors are age and property value.


We would strongly recommend getting in touch with our expert team of Equity Advisors in Newcastle. They will be able to see whether you qualify or not for Equity Release and whether it is possible in your personal and financial situation.


To understand the features and risks, ask for a personalised illustration. Equity Release may come in the form of a lifetime mortgage or home reversion plan.


A lifetime mortgage may impact the value of your estate and it could affect your entitlement to current and future means tested benefits. The loan plus accrued interest will repayable upon death or moving into long term care.


A home reversion plan involves selling all or part of your home to a plan provider in exchange for a tax-free lump sum.

We search 1000s of mortgage deals across a large number of lenders, including:

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I have Equity to Release, can you help?

Getting Equity Release Mortgage Advice in Newcastle has never been easier, we can see whether you are able to release equity from your property after you have booked an appointment with one of our team members.


Book online today and choose an appropriate date and time that suits you!

Can you help me Remortgage to Release Equity?

Yes, we are able to explore your Equity Release options with you and see how much you may be able to take out of your property. You may need to take out a new mortgage whilst releasing equity, and therefore we will try our best to find you a deal that suits your personal and financial situation.

Why Should I use Newcastlemoneyman for my Remortgage?

We have a large range of lenders on our panel, and can search through 1000’s of deals in order to find one tailored for you. If we encounter any hurdles along the way, we love a good challenge, and we will try and overcome them together.


We have over 20 years of experience in the mortgage sector and we can help you with other mortgage options if you are interested in an alternate route.


Our team are dedicated and responsive; we want you to receive the best service possible during your dealings with us. We can’t wait to hear from you!

Popular Options For Equity Release in Newcastle

As Mortgage Broker in Newcastle, we have come across all different types of Equity Release situations. The most common include:

  • Mortgage repayments
  • Paying off unsecured debts
  • To fund home improvements, alterations, or modifications
  • Additional purchases

If your situation is not listed above, feel free to get in touch with one of our expert advisors. You can book a free mortgage appointment with an Equity Release expert today.

Equity Release to Pay Off a Mortgage

In some cases, even if you have to pay off your full mortgage amount. You may be able to take out a Lifetime Mortgage to help you to pay these off. On the other hand, Lifetime Mortgages can impact your affordability. This is because you already have a substantial outgoing (your current mortgage), therefore the lender may be warier of how much they are lending to you.

Equity Release to Pay Off Unsecured Debts

Secured debts are debts that are valued against an asset (such as your mortgage valued against your house). Unsecured debt examples include personal loans, credit cards, etc., and this debt is not secured against any particular asset.


Thanks to Equity Release, it has been made possible to pay off this unsecured debt much easier.

Equity Release for Home Improvements, Modifications or Alterations

If your home could do with some improvements or a conversion such as a new loft, you may be able to release equity inside of your home to fund these improvements. This is made possible by Remortgaging to Release Equity. After remortgaging, you’ll likely be put on a Repayment Mortgage, whereas a regular Equity Release will put you on a Lifetime Mortgage.


Popular home improvements include a new kitchen, garden extension, home offices as more people are choosing to work from home, conversions, and a new or additional garage.

Equity Release for Additional Purchases

Some people may want to release equity from their home for something such as a new vehicle, a holiday, to fund a family member’s wedding, just to name a few. It is your money, therefore you can spend it how you like!


If you have any questions regarding Equity Release and how it works, feel free to get in touch. Our amazing team would be more than happy to help you!

Reviews Stars5.00 Rating15 Reviews

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Newcastlemoneyman.com & Newcastlemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.
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