Equity release and unlocking the value in your home
If you're aged 55 or over, equity release could allow you to access some of the wealth tied up in your property without having to move home.
Whether you're looking to supplement your retirement income, make home improvements, clear an existing mortgage, help family members financially or enjoy a more comfortable lifestyle, equity release may provide a solution.
At Coombes & Wright Mortgage Solutions, we work on a referral-only basis and can introduce you to a trusted specialist adviser who will assess your circumstances and explain the options available.
Ready to explore your options?
Who is equity release for?
Equity release is available to homeowners aged 55 and over who have built up equity in their property and would like to access some of that value whilst continuing to live in their home.
The money released is typically tax-free and can be used for a wide range of purposes, including:
Funding home improvements or adaptations.
Repaying an existing mortgage, including interest-only mortgages.
Supplementing retirement income.
Helping children or grandchildren financially.
Purchasing a new car, caravan or holiday.
Meeting unexpected expenses.
Enhancing your lifestyle in retirement.
If you have an existing mortgage secured against your property, some of the funds released may need to be used to repay the outstanding mortgage balance.
For Equity Release we act as introducers only.
What is equity release?
Equity release is a term used to describe financial products designed to help homeowners unlock money from the value of their property.
The amount of equity you have is the difference between your property's value and any outstanding borrowing secured against it.
The most common type of equity release is a Lifetime Mortgage, which allows you to borrow against the value of your home while retaining ownership of the property. In many cases, there are no required monthly repayments, with the loan and accrued interest typically repaid when the property is sold following death or a move into long-term care.
As equity release products can significantly affect your finances, inheritance planning and entitlement to means-tested benefits, professional advice is essential.
Why consider equity release?
Equity release can provide financial flexibility later in life without the need to downsize or move home.
Common reasons homeowners choose equity release include:
Releasing tax-free cash from their property
Improving or adapting their home for retirement
Clearing existing mortgage debt
Supplementing pension income
Supporting family members with property purchases or education costs
Funding major purchases or once-in-a-lifetime experiences
Creating a financial safety net for future expenses
Every situation is different, which is why specialist advice is important before making any decisions.
IMPORTANT INFORMATION
Think carefully before securing other debts against your property.
Your property may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
Equity Release refers to Lifetime Mortgages and Home Reversion Plans. To understand the features and risks, ask for a personalised illustration.
For Equity Release, we act as introducers only.
Frequently Asked Questions
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Equity release allows eligible homeowners aged 55 or over to access some of the value tied up in their property whilst continuing to live there. The most common arrangement is a Lifetime Mortgage.
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With a Lifetime Mortgage, you remain the legal owner of your home. The lender places a charge against the property, similar to a traditional mortgage.
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Many Lifetime Mortgages do not require regular monthly repayments, although some products allow voluntary payments to help manage the balance over time.
Why use Coombes & Wright Mortgage Solutions?
Access to trusted equity release specialists
Free, no-obligation initial consultation
Clear, straightforward guidance throughout the process
More than 180 years of combined mortgage and property industry experience
Support from enquiry through to completion
As equity release is a specialist area of advice, Coombes & Wright Mortgage Solutions act as introducers only.
Ready to explore equity release?
If you're considering releasing money from your home, our team can introduce you to an experienced equity release specialist who will help you understand your options and whether equity release is suitable for your circumstances.
Ready to take the next step?
Whether you're buying your first home, remortgaging, investing in a buy-to-let property, or looking for protection advice, our qualified advisers are here to help.
Book your free, no-obligation consultation today.
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Think carefully before securing other debts against your property.
Your property may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
If you are experiencing financial difficulty and struggling to make repayments, then you can contact your lender who may be able to help taking account of your individual circumstances. You may want to contact one of the free impartial money guidance and debt advice services, such as StepChange, Citizens Advice, or Turn2Us.
You can make a complaint to our network Sesame. Please contact them on the details below:
Write to: The Customer Relations Department, Sesame Limited, Fourth Floor, Jackson House, Sibson Road, Sale, M33 7RR.
Email: CustomerRelations@sbg.co.uk
Telephone: 0345 0456 800 (Mon-Fri 9 am to 5 pm)