Equity Release Preston (Oct 2021)

Are You Looking For the Best Equity Release Schemes in Preston?

Equity Release Plans in Preston Reviewed By Experts. You Won't Believe What We Found When Reviewing These Preston Plans…

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Equity Release Plans in Preston Reviewed

I think you’ll agree with me when I say:

It’s REALLY hard to choose the best equity release in Preston 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 Preston?

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Now, compare and save: Search over 200 equity release council approved plans and find the best deal for the amount of money that you need.

Why Should You Compare Quotes in Preston?

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About the Equity Release Providers in Preston We Compare

Helped more than 1 million people with equity release.

Organised over 1 in 3 plans approved by the Equity Release Council1.

Most Popular Reasons for Releasing Cash

Preston Equity Release

Preston1  is a city in Lancashire, northern England. Collections at the Harris Museum & Art Gallery include fine and decorative arts, and archaeology. The Guild Wheel walking and cycling path runs through Avenham and Miller Parks, beside the River Ribble. To the west, Ribble Steam Railway offers rides on restored trains and a hands-on museum. Northeast, the Lancashire Infantry Museum explores local military history.

Preston is a county town of Lancashire, England,  built on the River Ribble and the pre-eminent commercial centre of Lancashire. It forms part of the council area for Preston City Council and that region’s metropolitan county. The city of Preston was founded in 1226 when a settlement called “Preston” emerged around the traditional market place. The area now known as Preston was once part of Ribbleton, an estate owned by King Edward I, but it became a parish in its own right during medieval times; this new town centre grew rapidly towards what is now Church A street over the next two centuries before being granted municipal borough status on 17 September 1838 under Queen Victoria’s reign. In 1996, devolution led to the creation of the North West England Regional Assembly with responsibility for public services such as transport, economic development, police and fire brigade budgets.

It was one of the most important cities in England for much of the Industrial Revolution and today, it is still an important industrial centre with major manufacturers. It has been traditionally associated with its textile industry, but now it also hosts a variety of different industries, such as pharmaceuticals and computer manufacturing.

Locals refer to Preston as “Proud Preston” or just “The City.” It also had many other names over time, including “Preston-under-Lizard” and “New Preston”. The city has an area of about 57 km2 and has a population of roughly 135,000 people today.

Equity Release FAQs

How does equity release work in Preston?

Can I get equity release in Preston?

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.

Our intention is to help you save money by finding the best equity release provider so that you can spend the money on something that you really want to, rather than on a high tax bill.
 
⚠️(Spoiler**) Most send us a personal thank you because we do such an incredible job – you’ve been warned. ⚠️

What people say

You are the best. You delivered what you mentioned you would that was much better than anybody else. I can not rate you highly enough!!
Brenden
Brenden
SovereignBoss client
I'd like to commend the excellent support we received from you guys in our recent equity release application, which proceeded faster than we could have hoped. Thank you so much.
Margaret
Margaret Doyle
SovereignBoss client
I have to say my experience with SovereignBoss was positive from start to finish. The level of customer service I received from John was simply outstanding, thank you!
janus
Janus Kern
SovereignBoss client

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.

Contributors: Nicola Date, Katherine Read
Reviewed by Francis Hui

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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.

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How Much Can You Release?

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Written by
Rachel Wait
Personal Finance Journalist

Rachel is an experienced finance journalist and editor with a particular interest in personal finance and consumer affairs. She has vast experience writing about money issues, property, insurance, and consumer affairs, and you’ll find her articles regularly featured in top media and newspaper publications.
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Written by
John Lawson
Founder SovereignBoss

John is passionate about education and has made it his life-long mission to assist UK citizens on their future financial options, with a specialist interest in equity release, and SovereignBoss is the natural extension of this passion.
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Written by
Francis Hui
Senior Risk Manager

Having held various high-level roles across the industry, Francis is truly an expert in aiding UK citizens in their financial decisions and risk analysis. His unique insight and statistical knowledge make him the perfect person to help you take your financial future to the next level.
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Written by
Katherine Read
Financial Planning Reporter

Since joining the editorial team at SovereignBoss, Katherine has become focused on bringing transparency to finances and opportunities for those approaching retirement age. She writes on the topics of equity release, home reversion, and mortgages.
nicola

Written by
Nicola Date
Writer & Journalist

Nicola is a financial writer for SovereignBoss and is passionate about the opportunities that equity release can open up for homeowners. Her extensive business experience and deep understanding of the industry means that she’s always up-to-date with the latest developments.

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