What is Equity Release?
Equity release allows homeowners aged 55+ to access the money tied up in their property without needing to move. The most common option is a lifetime mortgage, which lets you take a tax-free lump sum or smaller drawdowns over time. You stay in your home, remain the legal owner, and the loan plus interest is repaid when your property is sold (usually when you pass away or move into long-term care).
At Bay Mortgages, we’ll guide you through the benefits, risks, and alternatives to make sure equity release is the right choice for your situation.
Why Consider Equity Release?
​Equity release can provide financial freedom while allowing you to remain in your home.
Unlock a tax-free lump sum from your property
No required monthly repayments unless you choose
Stay in your home for life with full ownership rights
​Use funds for home improvements, family support, or lifestyle needs
Flexible options: lump sum or drawdown
Use a lifetime mortgage for your inheritance tax planning
Unlock Tax-Free Equity
Discover the benefits of equity release with Bay Mortgages. Unlock a tax-free lump sum and stay in your home for life. Choose from flexible options like lump sum or drawdown, with no mandatory monthly repayments. Use the funds for home improvements, helping family, clearing debts, or boosting retirement income.
Expert Guidance
Our experienced team at Bay Mortgages provides expert guidance on equity release. We understand the importance of your financial decisions and are here to help you every step of the way. Trust us to find the best solution tailored to your needs.
Personalised Solutions
At Bay Mortgages, we offer personalized solutions for equity release. Our dedicated advisors work closely with you to create a plan that suits your individual requirements. We prioritize your financial goals and ensure a smooth and transparent process.
Secure Your Future
Secure your future with Bay Mortgages' equity release services. Take control of your finances and plan for a comfortable retirement. With our reliable and trustworthy assistance, you can achieve peace of mind knowing that your financial future is in good hands.
How the Equity Release Process Works
Step by Step
Process
Learn about the simple steps involved in equity release advice at Bay Mortgages. From the initial consultation to accessing your funds, we guide you through the process with clarity and care.
Initial
Consultation
Start by scheduling an initial consultation with our expert advisors. We'll discuss your needs, answer your questions, and provide personalized advice tailored to your financial situation.
Explore
Your Options
Next, we'll explore the various equity release options available to you. Our team will present different solutions, explain their implications, and help you make an informed decision that suits your goals.
Legal
Advice
Once you've chosen the right option, our legal experts will guide you through the necessary paperwork and ensure that all legal aspects are handled smoothly. We'll be with you every step of the way.
Important Things to Know
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Equity release may affect inheritance and entitlement to means-tested benefits.
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Interest rolls up over time, unless you choose to make repayments.
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Releasing equity will reduce the value of your estate.
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We’ll always explain the pros and cons clearly so you can make an informed decision.
Jordan dealt with getting our mortgage in a professional manner. He’d go above and beyond to get everything done before the end of each working day, even to the point of using his personal time. Quick responses, and very patient. Would definitely recommend Bay mortgages.
AM Bournemouth