Equity Release Belfast (Oct 2021)
Are You Looking For the Best Equity Release Schemes in Belfast?
Equity Release Plans in Belfast Reviewed By Experts. You Won't Believe What We Found When Reviewing These Belfast Plans…
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Equity Release Plans in Belfast Reviewed
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release in Belfast with all the choices available.
Or is it?
What's Equity Release & How Does It Work?
We've summed up the most important information about the topic in this quick video.
An equity release mortgage is, in a nutshell, a loan plus interest that is paid back to the lender when the homeowner passes away or goes into permanent care. The homeowner’s family usually pays back the cash released, and the interest incurred, from the sale of the home in question.
Equity release is available for individuals or couples over 55, with the youngest homeowner’s age determining the amount of equity that can be released. It is important to note that some equity release schemes may require the homeowner to be 60 or older.
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Belfast Equity Release
Belfast1 is Northern Ireland’s capital. It was the birthplace of the RMS Titanic, which famously struck an iceberg and sunk in 1912. This legacy is recalled in the renovated dockyards’ Titanic Quarter, which includes the Titanic Belfast, an aluminium-clad museum reminiscent of a ship’s hull, as well as shipbuilder Harland & Wolff’s Drawing Offices and the Titanic Slipways, which now host open-air concerts.
Belfast is the capital and largest city of Northern Ireland in Ireland that has experienced rapid growth since the 18th century. The name “Belfast” originates from Gaelic Baile, a Phoill meaning “township near (the mouth of) the river”.
The population of Belfast currently sits at around 400,000 people, making it the second-largest urban area on the island of Ireland after Dublin. It is one of the fastest-growing cities in Europe. It sits at an average elevation of 277 metres, with its highest point being Ben Madigan’s Fort which reaches 316 m (or 1050 ft) above sea level.
During the 19th century, it was known as one of the world’s great shipbuilding cities with its famous “steelworks” on both banks of the River Lagan. Today, this legacy lives on through new industries such as offshore wind energy construction, making Belfast a global leader for industry innovation, including Silicon Valley North.
Belfast has four seasons: spring, summer, autumn and winter. It does not experience monsoon season, which means that it can be hot during the day with cool nights in summer, or it could have freezing temperatures for almost all of the year. The average temperature ranges from -0 degrees Celsius to 17 degrees Celsius (30-63 Fahrenheit). The highest recorded temperature was 27°C(80°F) on August 18th 2003, but most days are around 20°C(68°F). There’s an occasional frost in February and March, as well as snowfall sometimes.
Equity Release FAQs
How does equity release work in Belfast?
Equity release in Belfast is, in a nutshell, a mode of unlocking the value of your property in Belfast and turning it into a lump sum.
You can do this via several policies which allow you to access – or ‘unlock’ – the equity attached up in your residence if you are over 55.
Can I get equity release in Belfast?
Qualifying for equity release in Belfast is contingent on the maturity of the youngest person on the title deed & also your Belfast property criteria.
To qualify, you need to be at least 55, own your home worth at least £70 000 (or have it on a freehold basis) & in good condition.
PS – If you’re anything like us, you skipped to the end anyway.
So here’s the scoop – we are offering to get you the best quote for equity release from the best equity release companies.
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Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations.
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HOW MUCH EQUITY CAN YOU RELEASE?
Most people are using equity release as a means of retaining the use of their house while also obtaining a lump sum or a steady stream of income. Get matched with an expert and check your eligibility for equity release options.
Use our free equity release calculator & see how much you can release today.