If you\u2019ve lived in your home for a while and you\u2019ve seen its value increase \u2013 especially if you live in London \u2013 you may want to release the equity tied up in your property, without selling your home. It\u2019s tax free too.<\/p>\n
It\u2019s a big commitment though and needs some careful thought. At Oportfolio, we talk you through everything you need to know about equity release mortgages, and whether it\u2019s the right option for you and your family.<\/p>\n
If you\u2019re over 55, you can apply for an equity release mortgage, which has no fixed term and also comes with a \u2018no negative equity guarantee\u2019. This is important. If your property is worth less than the loan by the time you pass away, the lender will write off the debt and your family won\u2019t be liable.<\/p>\n
If you opt for an equity release mortgage you can take the funds released as a lump sum or smaller regular payments. And of course, you can spend it on whatever you like including home improvements, travel or helping younger relatives get a foot on the property ladder.<\/p>\n
All equity release mortgages are regulated by the Equity Release Council and only a handful of mortgage brokers are qualified to arrange these types of mortgages.<\/p>\n
Oportfolio is an equity release mortgage broker. So we take the time to get to know you and your circumstances as well as your long term goals, before securing you the best equity release mortgage available.<\/p>\n","protected":false},"excerpt":{"rendered":"
IF YOU WANT A LUMP SUM FOR YOUR RETIREMENT, HOUSE REPAIRS OR DEBT REPAYMENTS, AN EQUITY RELEASE MORTGAGE COULD BE<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"PT-Mortgages.php","meta":{"_seopress_robots_primary_cat":""},"acf":[],"yoast_head":"\r\n