Gloucester Equity Release (Oct 2021)
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Equity Release Plans in Gloucester Reviewed By Experts. You Won't Believe What We Found When Reviewing These Gloucester Plans…
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Equity Release Plans in Gloucester Reviewed
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release in Gloucester 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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Gloucester Equity Release
Gloucester1 is a city in the west of England, near the Cotswolds rural area. It’s known for 11th-century Gloucester Cathedral, which has Romanesque and Gothic architecture, plus the tomb of King Edward II. Nearby are the Gloucester Docks, with restored Victorian warehouses, a dry dock and the Mariners Chapel. The National Waterways Museum celebrates the city’s industrial past with canal boats and interactive displays.
Gloucester, England, is a small English cathedral city on the Severn Estuary near the Welsh border. Gloucester was founded as an outpost of Rome in about AD 43-47 by Emperor Claudius. It has an estimated 100,000 people, and it was granted the status as a city back in 1100 AD by King Henry I. The city is well known for its medieval cathedral, which dates back to 1089, and one of the oldest schools in Britain called Lucton School, founded in 1540.
Gloucester has been a port since Roman times, which was when it first became known as “Glouster,” meaning “port on a gravel bar.” The name changed to Gloucester around 1035 AD because of its association with King Cnut’s royal residence Glevum. It served as one of the most important military bases for the Roman Empire.
Today, Gloucester is still an important port for trade between England and Wales, but now it also supports industries such as engineering, aerospace manufacturing, food production and tourism. It has been UK City of Culture 2013, and it was awarded a Charter to hold markets by King John in 1204. The centre of Gloucester is dominated by its medieval Castle, which now houses an art gallery.
Equity Release FAQs
How does equity release work in Gloucester?
Equity release in Gloucester is, in a nutshell, a mode of unlocking the value of your property in Gloucester 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 Gloucester?
Qualifying for equity release in Gloucester is contingent on the maturity of the youngest person on the title deed & also your Gloucester 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.