Welcome to NRG. We are experts in equity release and our highly trained, experienced team have worked within the field for many years, and will find the ideal mortgage for your specific needs. If you would like a no obligation consultation, get in touch with us today.
If you are a homeowner, who is older than 55, equity release is a method of releasing funds from your property. You then don't have to pay back the money until you move into long term care, or you pass away. We know that equity release can seem confusing, so we keep the process as simple as possible for our clients.
There are two main ways to release equity:
Lifetime Mortgages: A lifetime mortgage allows you to take out a loan against the value of your home. It means that you can take out a lump sum, which is up to 60% of the value of your property, however you only need to withdraw as much as you require.
Home Reversion Plan: These are a less common option. They work by letting you sell a portion of your home to an equity release company. You can remain in your property as long as you need. However, you may need to be over 65 and your estate can lose funds if you die in less than five years after taking out the plan.
When you use NRG, you can have the peace of mind that you will get the perfect mortgage for your needs. We are proud members of The Equity Release Council and follow their rules and regulations, which ensure that all our customers are protected and have an exceptional level of advice and guidance.
Equity release can be used for a broad selection of different purposes. You can use the money to travel, to help family on the property ladder, to enjoy your retirement, or to make improvements to your home.
Our mortgage advisors have thorough experience and have worked with clients in many different situations and understand the need to offer a versatile solution. This means that you can trust us to have the right equity release product for your situation. It also means that we can also provide you with a range of different services, including remortgaging and specialist mortgage services.
We are truly committed to providing, a transparent, honest and reliable service. We will make sure that you are kept informed throughout the whole process, from your first enquiry with us, through to your finalised mortgage application.
If you would like to additional information on equity release, email us on info@nrgmortgages.net, complete the form on this page or call our friendly team on 01323 388211. Read our privacy policy.
*Your home may be repossessed if you do not keep up repayments on your mortgage.
*Consolidating debt may reduce your outgoings now, but you may end up paying more overall. Your home may be repossessed if you do not keep up repayments on your mortgage.