Barclays Equity Release
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release provider with all the choices available.
Or is it?
Is Barclays equity release the best?
Did You Know?
Every 12 minutes a homeowner over 55 in the UK unlocks £91,667 tax-free cash?Use the UK's Best Barclays Equity Release Quote & Save 👇
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Our providers can almost always match & BEAT any existing Barclays equity release quote.
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About the Providers We Compare
- Helped more than 1 million with release.
- Organised over 1 in 3 plans approved by the Release Council.
Most Popular Reasons for Releasing Cash
- Add to your retirement income.
- Pay off your credit debts or loans.
- Gifting money to family. (E.g. helping children pay a deposit on their first house)
- Paying off an existing debt.
- Going on that dream holiday.
- Replacing your car with the one you've always wanted.
- Making home & garden improvements.
Who Are Barclays?
Barclays plc is a British multinational investment bank and financial services company, headquartered in London. Apart from investment banking, Barclays is organised into four core businesses: personal banking, corporate banking, wealth management, and investment management.
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Barclays Equity Release FAQ's
It’s necessary to note that release is a way of releasing the wealth (cash) tied up in your property without the need to move. With release products, if you are over the age of 55, you can either borrow against the value of your home or sell all of it for a regular monthly income, a sum, or the facility to get at equity as and when you like or a combination of these options.
Read More About » What is Equity Release?
Although there are many different plans available, they can all be split into four categories of release schemes.
Lifetime Mortgage
You release a lump from the value of your property, by taking out a debt secured on your property (provided it is your residence) whilst maintaining 100% ownership of your home. This amount, plus any interest accrued, (you can accept to make repayments) is repaid from the sale of your property when you pass away or move into long-term care.
Drawdown Lifetime Mortgage
his works similar to Lifetime debt but with a regular cash reserve/draw down option allowing you to withdraw amounts at a frequency you adopt up to a specified amount of years, or until the cash reserve has been used up.
Interest-Only Lifetime Mortgage
You get a lump and pay an interest on the loan, which can be fixed or variable, rather than allowing the interest to roll up. The amount you originally borrowed is normally repaid when your home is eventually sold.
Home Reversion Plan
Here, you sell some or all of your property to a home reversion provider in exchange for a lump sum of money or regular payments, whilst maintaining the right to remain living in your home, rent, for as long as you live, but you have to agree to maintain and insure it. At the end of the plan your property is sold and the sale proceeds are shared according to the remaining proportions of ownership.
With a release scheme, you can use the money on almost anything you accept. There are many reasons for releasing from your home and here are just a few of them:
- To supplement your pension income to cover expenses
- To settle a repayment mortgage or clear the balance on an interest-only mortgage
- To improve your standard of living
- To see your family enjoy their inheritance while you’re still here
- To carry out some home improvements
- To take that holiday of a lifetime
- To help your children onto the property ladder
- To pay off other outstanding debt and lower your monthly outgoings.
See How Much Equity You Can Release
Note that release plans are not right for everyone and it is necessary that you fully consider your options and receive independent financial advice before making a decision. It is also important that, if you do decide to use a product, make sure you adopt one that meets your needs.
Remember that taking a plan is generally a long term option. However, there are flexible plans available that may fit your varying needs and some will allow you to repay in the future without any penalties.
A financial adviser can help you to select the plan that is right for you.
Use Some of Your Home's Value to Live Life Your Way
There are a few variables but the two biggest are the value of your property, and the applicants age (the older the better!). Find out how much tax cash you can release from your home using the release calculator.
If you’re tired of mortgage payments, equity release might be a fantastic way for you to pay back that mortgage quickly. This is one of the many reasons everybody accept an equity release product.
Things change. If you’ve already released equity from your home in the past, you can often keep a massive amount by getting a lower interest rate. Get a quote and find out if you qualify for a lower interest rate.
Read More About » Equity Release Companies
What People Say
Barclays Equity Release Quote
PS – If you’re anything like us, you just skipped to the end anyway.
So here’s the scoop – we are offering to get you the best for equity release from the best equity release.
John Lawson
