Equity Release Portsmouth (Oct 2021)
Are You Looking For the Best Equity Release Schemes in Portsmouth?
Equity Release Plans in Portsmouth Reviewed By Experts. You Won't Believe What We Found When Reviewing These Portsmouth Plans…
Got a Question?
Need a Quick Answer?
* Get an expert to give you a quick call.
Before You Start Reading...
Let's See How Much You Can Release 👇
Equity Release Plans in Portsmouth Reviewed
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release in Portsmouth 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.
Learn More: What’s Equity Release & How Does It Work?
How to Get the Best Deal in Portsmouth?
How much can you release?
It's VERY FAST, takes just 8 seconds
Why Should You Compare Quotes in Portsmouth?
About the Equity Release Providers in Portsmouth We Compare
Most Popular Reasons for Releasing Cash
Portsmouth Equity Release
Portsmouth1 is a port city and naval base on England’s south coast, mostly spread across Portsea Island. It’s known for its maritime heritage and Portsmouth Historic Dockyard. The dockyard is home to the interactive National Museum of the Royal Navy, the wooden warship HMS Victory, where Nelson died in the Battle of Trafalgar, and HMS Warrior 1860. The Tudor ship Mary Rose is also conserved in a dockyard museum.
Portsmouth is a city in the United Kingdom and is located on the south coast of England. King Henry VII founded it at the end of the 16th century and soon became one of Britain’s most important naval stations. Since prehistoric times, the city has been inhabited, and there are many old buildings still standing to this day. Portsmouth was originally called Portus Adurni, which means “Port at a river mouth” because it’s situated near the mouth of the River Portsmouth. It has a population of around 205,000 people.
It was first mentioned as “Portus Adurni” by Roman author Pomponius Mela, who lived in 43 A.D. It is named after Portus, the Latin name for Portsmouth harbour. In 960 AD, King Edgar of England granted this town its first charter to create an area called “port meadow”.
Portsmouth’s deep-water port means that it can handle large ships with ease. This makes it one of Europe’s most important ports and makes exports easier to manage for local businesses while imports lower transportation costs significantly. The city also doubles as a major tourist destination because its historic naval dockyard offers tours around Britain’s oldest stone-built naval shipbuilding yard.
Equity Release FAQs
How does equity release work in Portsmouth?
Equity release in Portsmouth is, in a nutshell, a mode of unlocking the value of your property in Portsmouth 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 Portsmouth?
Qualifying for equity release in Portsmouth is contingent on the maturity of the youngest person on the title deed & also your Portsmouth 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.
What people say
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.
You may also like
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.