Expert Equity Release Advice in Bristol & Bath

Unlock Tax-Free Cash from Your Home with Equity Release

If you're over 55 and looking to unlock tax-free cash from your home, equity release could provide the financial flexibility you need. At Strong Mortgage Solutions, we offer expert guidance on lifetime mortgages for clients in Bristol, Bath, and the surrounding areas.

Whether you want to fund home improvements, support family, or enhance your retirement, we'll help you understand your options and guide you through the process.

Book your initial fee free Equity Release consultation and start planning for a flexible future.

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A lifetime mortgage is not suitable for everyone and may affect your entitlement to means tested benefits, so it is important to seek financial advice before taking any action. If you are considering releasing equity from your home, you should consider all options available before equity release.

The interest that may be accrued over the long term with a Lifetime Mortgage, may mean it is not the cheapest solution. As interest is charged on both the original loan and the interest that has been added, the amount you owe will increase over time, reducing the equity left in your home and the value of any inheritance, potentially to nothing.

Although the final decision is yours, you are encouraged to discuss your plans with your family and beneficiaries, as a Lifetime Mortgage could have an impact on any potential inheritance. We would also encourage you to invite them to join any meetings with your Financial Adviser so they can ask questions and join in the decision, as we believe it is better to discuss your decision with them before you go ahead. This is a referral service.

What is Equity Release?

Equity release allows you to unlock value from your property while continuing to live in it. The most common option is a lifetime mortgage, where you borrow against the value of your home.

Lifetime Mortgages (Most Common Option)

You retain full ownership of your home.
The loan and interest are repaid when you pass away or move into long-term care.
Some plans allow voluntary repayments to reduce the loan balance over time.
Interest can be rolled up or paid monthly, depending on the plan.

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Home Reversion Plans (Less Common)

Part or all of your home is sold to a provider in exchange for a lump sum or regular payments.
You continue living in your home rent-free until you pass away or move into care.
Less flexible and less common, but an option to consider in specific circumstances.

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How Much Can You Borrow with Equity Release?

The amount you can borrow depends on:

Your age (the older you are, the more you can borrow).
The value of your property.
The type of equity release plan you choose.
Any health conditions that may affect eligibility.

On average, most clients can borrow between 20% to 60% of their property's value.

Book a Consultation to get a personalised estimate.

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Can You Repay an Equity Release Loan Early?

Yes, many lifetime mortgage plans offer flexible repayment options, including:

Voluntary repayments to reduce the loan balance.
Interest payments to prevent the debt from growing over time.
Some plans allow partial repayments without early repayment charges.

We can guide you through repayment options to suit your circumstances.

Speak to an Adviser for more information.

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Step-by-Step Guide to the Equity Release Process

Initial Consultation – Understand your financial goals and assess if equity release is right for you.
Explore Options – Review available plans, including repayment flexibility.
Property Valuation – Your home will be professionally valued.
Application Process – This is a referral service.
Approval & Completion – Funds are released, and your equity release plan is finalised.

Book an initial fee free consultation to start the process with confidence.

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Frequently Asked Questions About Equity Release

Will I Still Own My Home?

Yes, with a lifetime mortgage, you retain full ownership. The loan is repaid when you pass away or move into care.
How is Interest Charged on Equity Release?

Interest can be rolled up (added to the loan) or paid monthly to reduce the overall cost.
Can I Move Home After Taking Out Equity Release?

Yes, many plans are portable, meaning you can transfer the loan to a new property, subject to provider approval.
Will Equity Release Affect My Inheritance?

Yes, as the loan is repaid from your estate. However, some plans offer inheritance protection to safeguard a portion of your home’s value.
What Happens if I Want to Repay the Loan Early?

Many plans allow voluntary repayments, though early repayment charges may apply depending on the lender.