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Equity release for property renovation

By July 26, 2023 November 24th, 2023 No Comments

Making home renovations is a great way to boost your living space and give your property a new lease of life. Whether you are looking to upgrade your kitchen or turn your loft into an extra bedroom, the cost, however, can be steep.

Equity release is a hot topic in 2023, as more homeowners look at ways to maximise their cash. Simply put, releasing equity involves borrowing against your home’s value. If you plan to undertake a big project around the house, the money released from your property can be used for renovations.
When considering equity release, it’s always best to speak to an expert first.

Your home may be repossessed if you do not keep up repayments on your mortgage. A lifetime mortgage is a long-term commitment which could accumulate interest and is secured against your home. Equity release is not right for everyone and may reduce the value of your estate.

David Mortell company director at Agentis Financial & Mortgage Solutions

David Mortell

David is Ce(MAP) and Ce(RER) qualified and has 14 years’ experience delivering top-rated mortgage and financial advice.In 2014, David took the plunge and started Agentis Financial & Mortgage Solutions with award-winning mortgage broker, Christine Long. Agentis has now become the brokerage of choice in and around Peterborough. David is also a director at our sister company, Agentis Wealth.