Lenders see a rise in equity release mortgages.

Recently published figures for equity release mortgages, suggest that demand has risen by more than 10% since last year. Disappointing performances from pension plans and stock markets together with poor savings rates all contribute to reduced income. As a result rising numbers need equity from property to boost finances.

At Deal Direct we can offer impartial advice and a competitive mortgage quote to suit your circumstances. If you are interested in remortgaging to release equity in your property, call us for a free personalised quote.

If you have been a home owner for a good few years your property value may have risen substantially. By comparison the performance of many endowment policies and other savings plans have been disappointing. Like many home owners you may find that you are asset rich but cash poor.

Equity release mortgages allow home owners over the age of 55 to get access to the equity built up in their home. Unlike conventional mortgages, some schemes do not require interest or loan to be paid until the home owner moves or dies. Seek advice on the choice of products available for your circumstances.

Statistics suggest that almost 20% of pensioners borrowing against property use funds to repay conventional mortgages. However, the cost of equity release mortgages can be high, particularly compared to low rate mortgages available in today's market. Remortgaging and downsizing could be an alternative.

At Deal Direct we work on your behalf, not on behalf of the lender, to source the best products available throughout the mortgage market. We can source the right type of product for your situation.

Call us now for a quote.