Want to know more about equity release?
Watch our two-minute video that will explain how equity release could work for you.
Would you like to know more, call us on 0800 999 3339 or book a call back.
Richard has been voted ‘mortgage adviser of the year’ and won numerous industry awards.
Tom is an accredited later life Lending professional with The London Institute of Banking & Finance.
See how much you could release with our simple lifetime mortgage calculator.
Equity release, also known as a lifetime mortgage, is a way for homeowners aged 55 or over to access tax-free cash from their property without selling or moving. It allows you to borrow against the value of your home or sell part of it in exchange for a lump sum or a regular income. Some plans even offer the flexibility to withdraw more cash in the future if needed.
If you still have a mortgage on your home, that’s not a problem – part of the funds you release will need to be used to pay it off first.Yes, equity release is a regulated financial product. We are authorised and regulated by the Financial Conduct Authority (FCA), ensuring that all advice we provide is fair, transparent, and in your best interests.
One key safeguard of a lifetime mortgage is the no negative equity guarantee, which means you or your estate will never owe more than your home’s sale value, provided it is sold at the best price reasonably obtainable. This offers peace of mind that your loved ones won’t be left with unexpected debt.How you spend your funds is entirely up to you. Many homeowners choose to use equity release to make life more comfortable, whether that means upgrading their home, clearing debts, or supporting family members financially. Some use it to boost their retirement income, while others treat themselves to a new car or a well-earned holiday. Whatever your plans, equity release gives you the flexibility to enjoy your money in a way that suits your lifestyle.
Here are a few of the most common reasons people choose equity release.
Repaying
University or weddings
At Equity Release and Mortgage Partnership Preston, we provide honest, straightforward mortgage and equity release advice to help homeowners make confident financial decisions. With extensive experience in later-life lending, we are passionate about helping people find the right solution for their future.
Our approach is built on trust and transparency. We take the time to listen to your needs, understand your financial goals, and explain all your options clearly, without complicated jargon. Whether you’re considering equity release for the first time or looking for a mortgage tailored to your later-life circumstances, we are here to guide you every step of the way.
We believe financial advice should be personal and stress-free. That’s why we provide a hassle-free service from start to finish, ensuring you feel informed and in control throughout the process. Our commitment is to help you unlock the value in your home with confidence and peace of mind.
No pushy sales tactics, no confusing small print – just clear, professional advice from a team that genuinely cares about your financial future.
Here’s what to expect when you work with us for equity release, if you live in Preston.
You get in touch for a no-obligation chat, either over the phone or face to face. Your adviser will explain how equity release works, answer initial questions, and check whether it could be suitable.
If equity release looks appropriate, your adviser will carry out a full assessment of your circumstances and recommend a plan tailored to your needs.
Your chosen lender will arrange an independent valuation of your home. This confirms the property value and the final amount you can release.
You’ll receive independent legal advice from a solicitor of your choice. They’ll explain everything in plain English and handle the legal side before completion.
Once everything is approved, your equity is released to you as a lump sum, smaller amounts, or a mix of both. You remain the owner of your home for life, with no mandatory monthly repayments.
You’re supported at every stage, and you’re free to stop the process at any time.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Equity Release and Mortgage Partnership Ltd is directly authorised and regulated by the Financial Conduct Authority (FCA) and is entered on the financial services register http://register.fca.org.uk under reference 986900. Privacy Notice. Update cookies preferences
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