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Equity Release is when you turn the equity built up in your home and turn it into a lump sum of cash. It’s entirely up to you what you spend the lump sum of cash on. Some people look to release equity to pay off any remaining unsecured debts, go on holidays, or gift money to a friend or family member to use as a means for a gifted deposit to purchase a home and get onto the property ladder.
Your later life equity release advisors in Cardiff will take an in-depth look at your current situation, your past experiences and what you are looking to achieve in the future. This allows them to determine whether equity release in Cardiff, or an perhaps something else, is the right step for you to take.
A Lifetime Mortgage is one of the main types of equity release products. You’ll be given the option to release equity through a Lifetime Mortgage, when you are towards the end of your mortgage term or have any repayments left. The requirements for this product are that you’ve lived in your primary residence, and are able to take this mortgage out as well as choose a portion of the equity towards family inheritance.
As well as paying back your payment, another option is to let the interest accumulate. The time the loan becomes repayable is when you pass or move into long-term care, and are unable to look after yourself. For additional mortgage advice in Cardiff regarding equity release in Cardiff, it is worth seeking the advice of someone who is a specialist in this mortgage area, like ourselves.
If you are considering taking out some equity from your home, some requirements are that you need to be over the age of 55 years old to qualify for Equity Release. As well as the value of the property. All these factories will affect the amount you can withdraw from your home.
If you are looking for further expert Mortgage Advice in Cardiff about Equity Release, you’ll benefit from the help of a specialist in the field. Book your free initial mortgage appointment today and we will provide you with the open and honest support you need.
To understand the features and risks, ask for a personalised illustration. Equity Release may come in the form of a lifetime mortgage or home reversion plan.
A lifetime mortgage may impact the value of your estate and it could affect your entitlement to current and future means tested benefits. The loan plus accrued interest will repayable upon death or moving into long term care.
A home reversion plan involves selling all or part of your home to a plan provider in exchange for a tax-free lump sum.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £995.
You should always think carefully before securing a loan against your property.
A lifetime mortgage will reduce the value of your estate and may affect your entitlement to means tested benefits.
Clearing existing mortgage with a lifetime mortgage may result in higher cost of borrowing.
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Very helpful throughout the process and on the phone, helpful during the buying process to understand what mortgage rates I would be likely to get and advice on what properties were less suitable than others for offers.
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Very helpful throughout the whole process. Useful advice and no nonsense. Worked quickly and I received regular updates and did not need to chase people up for things to get done. Very satisfied and will definitely use the service again if needed in...
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Matt, Jo and all those involved have been excellent it helping me and my partner navigate the mortgage process. Their guidance have been invaluable and without the support we would have really struggled. Would highly recommend.
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Brilliant service. Quick response to any questions we had and explained everything clearly. Kept the process moving for us which was greatly appreciated. Thanks!!
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As a first time buyer and someone who doesnt know much about the process, Malcolm and the team were very informative and helpful during the entire process. We were allowed to ask a list of questions about our blind-spots to do with taking on a...
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Matthew
Can’t thank Cardiffmoneyman enough in helping me buy my first home. Leo my appointed advisor has been monumental in getting me the best deal and explaining the whole process and making it as easy as possible in what would be a stressful time. Also...
1 year ago
Elizabeth
Excellent service . Dan explained equity release clearly and ensured I got the best interest rate.
2 years ago
Owain
Cardiffmoneyman have been fantastic at guiding me through the home buying process. Great and friendly communication with excellent pacing on the amount of information presented at once. Truly helped simplify the home buying process.
2 years ago
Charleigh
Very efficient, communication was excellant, and really helped as first time buyers advising the steps as we went!
2 years ago
Daniel
Matt has been brilliant throughout the whole process, very knowledgeable and helpful. The process has been smooth throughout. The application was submitted on Wednesday and the mortgage offer was approved by Friday! Talk about that for service.
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I recently had the pleasure of working with UK Moneyman, and I couldn't be more impressed with the level of professionalism and care that they provided me. As someone with a poor credit rating at the age of 60, I never thought it would be possible...
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Leanne was very friendly, build up an instance rapport and helped me with my all questions prior to my meeting with another Advisor tomorrow. Thank you Leanne for your help. Josh 😀
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Thomas
Cardiffmoneyman has been perfect for us as First Time Buyers. Charlie & Leo were both great at sorting everything out for us promptly and explaining things clearly. Everyone we’ve spoken has been super friendly and helpful. We’re very grateful...
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We were recommended to use Cardiffmoneyman, by friends who used them looking to remortgage. They were fantastic. From start to finish, we were kept informed throughout the entire process, and their working hours were handy, as I and my husband both...
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Jason was great! Being self employed I thought I would never get a mortgage, but here we are and im happily moving into my new home. Couldn't have done this without you and your team, thank you!
5 years ago
When you book a free initial appointment with our later life mortgage advisors in Cardiff, we will have a discussion with you about your inheritance goals and plans.
Although equity release and lifetime mortgages are options, we will only consider them as a last resort. We believe that there might be a better alternative to your situation.
We understand that later life mortgages are important, which is why we encourage you to involve your family or any other trusted parties in our discussions.
Our advisors will ensure that you have all the necessary information and will take the time to review all your options and plans in detail, so that you are fully informed and can make an informed decision.
If equity release is not the right choice for you, our later life mortgage advisors in Cardiff will refer you to the appropriate services to help you with your plans.
However, if equity release is the right choice, we will provide you with a tailored recommendation for a lifetime mortgage that takes into account your inheritance plans.
If you’re considering a lifetime mortgage in Cardiff, our dedicated later life mortgage advisors are here to help. Book an appointment with us for free, and we’ll take you through all the available options. We’ll help you understand the steps you need to take, the effects of taking out a lifetime mortgage on state benefits, tax, and the equity left in your home over time.
We encourage you to involve family members or trusted individuals in the process, and our initial advice comes with no obligation or pressure to proceed. Once we’ve identified the appropriate plan, your advisor will provide you with an illustration and a written recommendation.
We encourage you to involve family members or trusted individuals in the process, and our initial advice comes with no obligation or pressure to proceed. Once we’ve identified the appropriate plan, your advisor will provide you with an illustration and a written recommendation.
We’ll then review our recommendation with you before submitting an application to the mortgage lender. Our experienced case managers will manage the entire process from start to finish, keeping you informed every step of the way.
As an open and honest mortgage broker in Cardiff, we’ve been helping customers achieve their mortgage goals for over 20 years. Our advisors are passionate about presenting whole-of-market lifetime mortgage advice for our valued, older customers.
We’re committed to providing you with continuous guidance and support throughout the entire process, and we strive to reduce as much stress from you as possible. Our fantastic customer reviews are a testament to our belief in building trust with our clients and ensuring their satisfaction.
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Cardiffmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Cardiffmoneyman 2009–2026
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Cardiffmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Cardiffmoneyman 2009–2026
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