Bournemouth Equity Release - Secure the Best Deals Near You in 2025
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- Requirements include being over 55, owning a property worth at least £70,000, and the property being your main residence in Bournemouth.
- Pros such as receiving a lump sum or regular payments while staying in your home are balanced by cons like reduced estate value and possible effects on state benefit entitlements.
- To apply, you can consult an advisor or contact a provider directly, who will assess your eligibility based on age, property value, and health status.
- Several companies, including Aviva, Legal & General, and Liverpool Victoria, offer these schemes locally.
- Moving is possible after initiating the scheme, but the new home must meet the provider's criteria, potentially affecting the amount of equity released.
It’s REALLY hard to choose the best equity release in Bournemouth with all the choices available.
Or is it?
In This Article, You Will Discover:
What’s Equity Release?
An equity release mortgage is 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.
How Does Equity Release Work?
Equity release is available for individuals or couples over the age of 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.
Find out more about how equity release works here.
Bournemouth Quick Info
Bournemouth Population Info
Bournemouth is a coastal resort town on the south coast of England. At the 2011 census, the town had a population of 183,491.
With Poole to the west and Christchurch in the east, Bournemouth is part of the South East Dorset conurbation, which has a population of 465,000.
Bournemouth History
Before it was founded in 1810 by Lewis Tregonwell, the area was a deserted heathland occasionally visited by fishermen and smugglers.
Initially marketed as a health resort, the town received a boost when it appeared in Augustus Granville's 1841 book, The Spas of England. Bournemouth's growth accelerated with the arrival of the railway, and it became a town in 1870.
Part of the historic county of Hampshire, Bournemouth joined Dorset for administrative purposes following the reorganisation of local government in 1974.
Through local government changes in 1997, the town began to be administered by a unitary authority independent of Dorset County Council, although it remains part of that ceremonial county.
Since April 2019 the unitary authority has been merged with that of Poole, as well as the non-metropolitan district of Christchurch to create the Bournemouth, Christchurch and Poole unitary authority.
Equity Release in Bournemouth, UK
Equity Release Solicitors & Advice in Bournemouth
The best equity release solicitors in Bournemouth can be found by completing our calculator below.
Once you've seen how much you can release we'll arrange for the leading equity release expert in Bournemouth to give you a quick call to answer any questions you have.
How to Equity Release for a Bournemouth House?
If you're looking to release the equity in your house in London, use the calculator above and see how much you can release today.
Bournemouth Lifetime Mortgage FAQ's
What Are the Requirements for Equity Release in Bournemouth?
What Are the Pros and Cons of Equity Release in Bournemouth?
How Can I Apply for Equity Release in Bournemouth?
Which Companies Offer Equity Release in Bournemouth?
Can I Move House After Taking Equity Release in Bournemouth?
Conclusion
So here’s the scoop – we are offering to get you the best quote for equity release from the leading equity release companies.
Our intention is to help you save money by finding the best equity release plan in Bournemouth so that you can spend the money on something that you really want, rather than on a high tax bill.