Equity Release Advice Middlesbrough

5 star review green

We’re Rated 4.9 out of 5 by our clients on VouchedFor,
the UK’s leading independent IFA review website.

Request a free call back

We’ll have an expert call you back for a free, no-obligation chat

activity icons / retirement lifestyle banner

Our Equity Release Service

Individuals aged 55 and over can use equity release to borrow money against their home without having to make monthly payments.

Your ‘equity’ is defined as the value of your home excluding any outstanding mortgage.

An equity release plan enables you to obtain additional funds without having to move.

To qualify for an equity release scheme, you must be a homeowner aged 55 or older, or both owners must be over 55 if the property is jointly owned.

There are no repayments required with certain equity release plans, and with a lifetime mortgage, you retain ownership of your home.

All plans include a ‘no-negative equity guarantee,’ which ensures that you will never leave debt to loved ones, and some plans include an option to ensure an inheritance.

Equity release is classified into two types: lifetime mortgages and home reversion plans.

Both of these are regulated by the Financial Conduct Authority. By using an equity release product, a home owner can draw a lump sum or regular smaller sums from the value of their home, while remaining in their home.

couple considering pension and retirement options

Are you over 55 and looking to free upfunds?

Equity release allows you to access some of the value tied up in your home and turn it into tax-free cash to use however you want, such as:

  • To free up funds in retirement
  • Gifting an early inheritance
  • Pay for holidays
  • Boost Income
  • Pay of an existing mortgage

Whatever your questions, we’re experts at helping you get the answers you’re looking for..

retired couple riding a bike

We’re local to you

If you are considering taking out an equity release plan, you should educate yourself about your options and carefully weigh the benefits and drawbacks before deciding whether equity release is right for you. A fully qualified financial adviser should assist you in comprehending the process and guiding you through your options.

What is a lifetime mortgage?

With a lifetime mortgage, you take out a loan secured on your home which does not need to be repaid until you die or go into long-term care. It frees up some of the wealth you have tied up in your home and you can still continue to live there.

retired couple enjoying pension gardening smiling

Don’t take our word for it…

Meet some of our clients and see what they think of us,
the PlanHappy process and how it’s helped them do what they wanted…

Why choose Joslin Rhodes?

pension adivce icon

Over £190 million

We're trusted to manage over £190 million of our clients funds

retirement advice icon

FCA Regulated

We're authorised and regulated by the Financial Conduct Authority

pension transfer icon

Proven Process

The unique PlanHappy Lifestyle Financial Planning process has been specifically designed to help you get what you want

Talk To The Experts

Ready to talk? Our friendly team are here to help.
Simply pop a few details into the form and we'll be in touch.

Real Advice, For Real People

We'll show you:

  • When you can afford to retire
  • How much money you'll need in retirement
  • How to make the most of your pensions and other assets to fund your lifestyle

4.9 out of 5 stars on VouchedFor

"I cannot find fault with the service we received. From the warm yet professional welcome to the financial advice we were given. You as a company should be proud of the service you are providing..."

Mr. W

Or you can call us