Equity release advice

We have our own in-house equity release specialists that operate through our sister company, The Equity Release Store.

For more information on Lifetime Mortgages and Equity Release, please visit: www.theequityreleasestore.co.uk or speak to our equity release expert on 01603 858580. We're based in Lowestoft and provide guidance to clients all over East Anglia, including in King's Lynn and Cambridge. Get in touch today.

Unlock money from your home for a more comfortable retirement

Equity release is typically available to people who are over the age of 55 and have their own home with a significant amount of equity, but don’t have enough money or income for their needs. By releasing equity in the form of a lifetime mortgage or home reversion plan, it enables the individual(s) to remain in their home and raise money to help:

generate a capital lump sum
provide an additional income
provide lifetime gifts to relatives
facilitate home improvements
purchase a holiday home
to fund long term care

Where equity release is a suitable solution and you take out a lifetime mortgage or home reversion plan, the money does not usually need to be paid back or the home sold, until the last remaining borrower dies or moves into care. Although this may not be the case, for example if you make repayments to preserve as much of the inheritable estate as possible.

Are you looking to remortgage?

Is equity release right for me?

Whilst there are benefits for people in this situation, equity release isn’t for everyone and the benefits need to be weighed up alongside drawbacks. For example, equity release can:

be expensive
impact on you being able to claim certain state benefits and your personal tax position
impact on local authority grants / other grants (i.e. for essential home improvements)
potentially erode any inheritance passed down to loved ones

Also, there may be alternative options available to you that you may wish to explore before taking the equity release route. For example, you could consider a conventional mortgage as an alternative. You could also move to a smaller home, use any savings or investments, sell the home and move into rented accommodation, or live with children or other relatives.

Don’t worry as we can help you understand all the features and drawbacks so you can make a fully informed decision.

FREe

CONSULTATION

EXPERT ADVICE

SUSTAINABLE SOLUTION

Expert financial advice

As financial advisers with the required equity release qualifications and training, we can assess your individual circumstances and needs, and then give you expert advice on the right course of action for you. The benefits need to outweigh the drawbacks to ensure equity release is more suitable than alternative methods of raising funds.

It’s often said that you can’t buy peace of mind, however that’s exactly what our financial service does. You can rest assured knowing that we have the right solution for you.

It is advised that customers seek independent legal advice before entering into a legally binding equity release contract.

Please note:

EQUITY RELEASE MAY REQUIRE A LIFETIME MORTGAGE OR HOME REVERSION PLAN. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.

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I have used Parklands for over 5 years to arrange my mortgages, life insurance and pension. Paul and Donovan are second to none when it comes to their knowledge and professionalism. I could not speak highly enough of them.

Gary G.
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Have used Parklands IFA (Donovan) twice now and every time they deliver exactly what I have asked for.
Extremely professional, open and honest yet very down to earth with all the terms that I couldn't understand.
Used them for over 10 years for our mortgage, life insurance and pensions.
Would not hesitate to use them again, have referred them to family, friends and work colleagues. Keep up the great work.

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Fantastic old school face to face financial advice, Paul knows his stuff.

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Everything explained in detail. Completely hassle-free from start to finish. Great service all round.

Janet A.
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The service we received from Donovan Goodman at Parklands was fantastic. As first time buyers on our quest to understand the world of mortgages, he took the time to explain our options to us, answer all of our questions and, most refreshingly of all, was completely open and honest with us. I would highly recommend Parklands Financial Advisers.

Jodie C.
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Paul and his team are very knowledgeable and really helped me with my investment and personal pension! Would highly recommend them.

Colin and Richards Crazy Adventures
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Absolutely superb service from Parklands! Donovan and James were brilliant, made every step of getting the mortgage and insurance as easy as possible. Thoroughly recommend this company for any financial decision you're thinking about!

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I received a first-class service from James Turner regarding my pension. James kept me informed at all times, and everything was resolved very swiftly indeed. I can highly recommend James, and wish him and the business every success.

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We have bought two properties using Donovan from Parklands now. Both processes were made easier by having him to help, as well as him going to many lengths to get the best deal for us.
We have recently moved into our new home and cannot thank Donovan enough for all of his help with getting us in. A great person who went above and beyond to help us with our every need. We would 100% recommend him to anyone.

Laura M.
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I cannot rate Donovan highly enough. From the initial mortgage application through to sorting out life insurance ... he was always a Whatsapp/phone call away and guided me through new and unknown territory. So thankful that I was pointed in his direction and trust him with my life now!

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Superb service from Lucy as we tried to achieve an almost impossible task - opening a Trust Bank Account when two of the Trustees are non-UK residents. Lucy was tenacious and unrelenting in helping us ... she certainly made sure the bank kept the ball rolling. Thank you Lucy!

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