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Considering Equity
Release? Get The Real Facts.
Paul will help you cut through the confusion and bust the myths with a Equity Release Clarity Session. Understand exactly how your home's equity could work for you, your family, and your life goals.
Trusted by Homeowners Across The Liverpool Area
Facing Unexpected Challenges in Retirement?
Retirement can often brings unforeseen challenges. Circumstances can change and carefully laid plans can feel like they’ll never become reality...
Worried about the rising cost of living?
You've worked hard for your retirement, and the last thing you need is the constant anxiety of bills piling up.
Want to help your children financially?
Seeing your children struggle with a house deposit, wedding costs, or just getting by, can be heartbreaking.
Wishing to avoid downsizing?
Your home isn't just bricks and mortar; it's a lifetime of memories. The thought of leaving it behind can be deeply unsettling.
How To Get Started
Text with the team to get booked in
Hit the button, fill in the form and we’ll reach out via text to ask a few brief questions then arrange a convenient time for your initial, no-obligation conversation with Paul.
Paul will answer your questions
Paul will listen to your situation, answer all your questions about equity release and other property finance options, then provide clear explanations of how they might work for you.
Discuss next steps with zero pressure
Paul will outline any potential next steps, should you wish to proceed, but there's absolutely no obligation or pressure.
Unlock Expert Mortgage & Equity Release Advice
Navigating your home's equity options requires a specialist. Paul provides clear, honest, and expert guidance on equity release and mortgages.
Local Liverpool Expert
Paul has been serving the Liverpool community since 1998 with an unparalleled understanding of local needs.
Whole Market Access
Access truly unbiased advice, securing the ideal equity release or mortgage for your specific situation.
Personal Approach
Paul offers genuinely personal, empathetic advice. If equity release isn't right for you, Paul will tell you.
Fairer Rates
Experience competitive rates and a bespoke service you won't find with the large national firms.
Unlock Your Home's Potential
Gain a comprehensive understanding of how your property's equity can support your retirement, completely free of charge and without any pressure to proceed.
Frequently Asked Questions
These are some answers to common equity release questions we get on a regular basis.
Our assistant will happily answer any further questions once you apply via our form.
Equity release is a way to help people over 55 release the money in their home (the equity) without having to move or sell.
The amount of money you can get depends on your age and how much your house is worth, minus any money you owe on your existing mortgage, if you still have one.
A Lifetime Mortgage is the most common form of equity release. This is a loan secured on your property but unlike a normal mortgage you do not have to repay it in your lifetime. It is usually only repaid when you die or go into long term care.
The No Negative Equity Guarantee means you’ll never owe more than your property is worth and no debt will ever be passed on to your relatives when you die or go into long-term care.
The money you can release from your home is tax free although it may affect your entitlement to certain state benefits.
A lifetime mortgage is a type of equity release scheme available to homeowners aged 55 and over. It allows you to release tax-free cash from the value of your property while retaining ownership.
With a lifetime mortgage, you borrow against the value of your home, and the loan plus interest is repaid from the sale of your property when you die or move into long-term care.
To be eligible for a lifetime mortgage, you must be a homeowner aged 55 or over with a property valued above a certain threshold, typically £70,000.
Yes, you can; you’ll just need to repay it with the money you release.
People choose to top up their income, gift money to family and friends, make home improvements or alterations, pay off unsecured debts, or take that worldwide cruise.
The amount you can release depends on factors such as your age, property value, and lender criteria. Typically, you can release between 30% to 59% of your property’s value and typically, the older you are, the more cash you can have access to.
You can take a single lump sum or you can draw the money down as and when you wish in instalments or a combination of the two.
Interest on a lifetime mortgage is normally fixed for the term of the mortgage.
While you’re not required to make monthly repayments, some lifetime mortgages offer the option to make voluntary payments to reduce the overall debt.
Interest on a lifetime mortgage is added to the loan amount, increasing the overall debt. This is known as a “roll-up” mortgage.
Yes, you will still own your home with a lifetime mortgage. The lender will place a legal charge on your property, but you retain ownership until you sell or move out.
A lifetime mortgage can reduce the value of your estate, potentially impacting the inheritance you leave behind for your loved ones. Most lenders however offer an inheritance guarantee which safeguards a percentage of your property’s equity for your loved ones.
If you decide to move, you can usually transfer your lifetime mortgage to a new property, subject to lender approval.
Yes, you can repay a lifetime mortgage early, but early repayment charges may apply. It’s essential to check your lender’s terms and conditions.
Yes, lifetime mortgages are regulated by the Financial Conduct Authority (FCA) to ensure consumer protection. It’s essential to work with a regulated advisor and lender.
Fees may include arrangement fees, valuation fees, legal fees, and advisor fees. These costs can vary between lenders, so it’s important to understand the fee structure before proceeding. Most, if not all of these fees can be paid out of the proceeds of the mortgage.
The timeframe for setting up a lifetime mortgage can vary depending on factors such as the lender’s processes and your individual circumstances. It typically takes several weeks from application to completion.
If you outlive the mortgage term, the loan plus accrued interest will be repaid from the sale of your property when you die or move into long-term care. Any remaining equity belongs to you or your estate.
Paul Hart is a qualified and independent financial advisor specialising in equity release. He can help you understand your options, compare products, and make informed decisions tailored to your needs and circumstances.
"Nothing has been too much trouble and i feel that my best interests have always been at the forefront of all conversations. I wouldnt hesitate in recommending Hanson to anybody seeking financial advice..."