Award-Winning Equity Release Advice In Plymouth & The Surrounding Areas
At Mewstone Equity Release, we provide award-winning and straightforward equity release advice to homeowners aged 55 and over in Plymouth and the surrounding areas. With a local adviser who understands the local mortgage market and the concerns of older borrowers, our equity release advice process helps you to take the time to understand all of your options and how equity release works, before deciding if it’s right for you.
Our award-winning equity release advice is transparent, personal, and focused on helping you enjoy more financial freedom.
Why Consider Equity Release?
Equity release is a flexible form of borrowing, designed for homeowners aged 55 and over. This type of mortgage allows you to unlock tax-free cash from the value of your home, without the pressure of required monthly repayments. Instead, the amount borrowed, plus interest, is repaid from the sale of your home when you pass away or move into long-term care.
With equity release, you can achieve a wide range of goals, including:
- Funding home improvements
- Boosting retirement income
- Supporting family members
- Covering care costs
- Paying off an existing mortgage
Want to find out more? Get in touch with our expert Mewstone Equity Release adviser for a free, no-obligation chat.
Our Equity Release Advice Covers
Advice from Mewstone Equity Release encompasses all of the options available to you as an older borrower. We’ll talk through your circumstances and requirements to decide if equity release, or another later life mortgage product, is the most suitable for you.
Equity Release Mortgages
Equity Release is the term for borrowing against your home to free up a portion of the wealth held in your property, and it is one of the financial solutions that may be available to homeowners over 55. The money is usually released in the form of a tax-free cash lump sum, but can also be released in stages, know as “drawdown”.
Retirement Interest Only Mortgages
A Retirement Interest Only Mortgage, like a mortgage you may have taken to buy your home, is a loan where only the interest is paid to your lender each month. This style of later life mortgage is open ended, meaning you can remain in your home until you move into long term care, or pass away. At this point, the mortgage would need to be repaid.
Traditional Mortgages
Despite what you might think, there are many lenders who will consider lending to older borrowers. Your employed income or even your future pension could support a traditional style of mortgage and there are specialist lenders who are willing to consider all types of mortgage lending.
Our Service
Mewstone Equity Release is led by Mike Jones, an award-winning adviser providing transparent and holistic equity release advice to help homeowners over the age of 55 achieve financial freedom
Mike has extensive experience in equity release advice and has helped many homeowners in Devon & Cornwall to secure the right deal and the right product, both now and in the future. Working with a wide range of lenders, he’ll help you understand all of the options that could support your finances, including equity release via a Lifetime Mortgage, alongside suitable alternatives, including retirement interest-only mortgages.
Mike prides himself on his transparent and straightforward approach to equity release and will talk you through the pros and cons of each option available to you, empowering you to make a decision that aligns with your long-term goals. He’s also a member of the Equity Release Council.
Why work with Mike? These are just a few of his many testimonials..
Watch Mike on YouTube
Are you ready to talk about your later life mortgage options? Book a discovery call with Mike Jones today.
Frequently Asked Questions
Which lenders do you work with?
As an independent broker, we’re not tied to any specific lender. This means you’ll always get access to the best deal tailored to your unique needs from the whole of the equity release and later life mortgages market.
How long does it take?
What does it cost?
Your initial consultation, advice, and recommendation are completely free, with no obligation to move forward.
If you choose to proceed:
- Traditional Mortgages: A fee of £499 for new clients or £299 for existing clients is payable at the application stage.
- Retirement Interest-Only Mortgages: A fee of £399 is payable at the application stage and £400 on receipt of your mortgage offer.
- Equity Release (Lifetime Mortgages): A fee of £1,350 is payable on completion of your lifetime mortgage.
This way, you only pay when you’re ready to take the next step!
Do I need to make payments?
Will I lose my home?
What's next?
Take the first step toward securing your financial future—book your free discovery call HERE or speak with us directly at 01752 922549. Let’s explore your options together!
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Mewstone Mortgage Advice LTD (FCA ref 947355) is an appointed representative of New Leaf Distribution LTD (FCA ref 460421) which is authorised and regulated by the financial conduct authority (FCA).
New Leaf Head Office Garfield House, 165-167 High St, Rayleigh SS6 7QA. Co registration Number 5520001.
Mewstone Mortgage Advice LTD Head Office: 22 Barton Brake, Wembury, Plymouth, Devon PL9 0BJ Co registration Number 12959322
Your home is at risk if you fail to keep up payments on your mortgage or any other loans secured against it.
Buy to Let mortgages and Commercial Lending are not usually regulated by the Financial Conduct Authority.
Equity release may involve a lifetime mortgage which is secured against your property or a home reversion plan which requires the sale of property for a discounted price. To understand the features and risks, ask for a personalised illustration. You only continue to own your own home with a lifetime mortgage.
Equity release may impact the size of your estate and it could affect your entitlement to current and future means-tested benefits.
To view our Complaints Procedure, click here.
