Yes we can, and experience shows using equity release can be a valuable tool to help complete on properties faster!
How often do you have a First Time Buyer (FTB) come into your agency looking for a property they can't afford?
How frequently are mortgage Loan to Values (LTVs) squeezing people into mortgage rates they know will be a squeeze, so they pass on the property you're listing?
And if you're a great estate agent you'll pride yourself on upselling properties, but how easy is it to get the finances to match the property?
With equity release we can help get over all of these hurdles.
We can help your first time buyer by speaking to parents or family to see whether releasing some of the equity from their homes could be gifted to your FTB. A bigger deposit means either a more expensive property could be in the offing, or a lower LTV could open the door to a better interest rate for them.
If you work in a popular area for retirees to move to, wouldn't it be amazing for them to be able to buy a home they don't have the funds for.
For example:
Mr and Mrs Robinson (both aged 70) live in Birmingham and have a property they're selling for £350,000.
Their daughter lives on the South coast and has asked if they'd consider moving down to there to be closer to them, but they know they'd struggle to buy a similar size home to the one they're used to because property in Chichester is more expensive.
They have 2 choices:
Either you can sell them a home worth £350,000 that they may not like so much
or
They could use equity release as a mortgage to fund the purchase of a similar property to their current home that would cost them £430,000 in Chichester.
They live in a property they want, and you get the sale of the £430,000 home. A win for your and a win for you.
So if you'd like to discuss how we can help you sell homes to people that can't afford them, please get in touch and let's work together to make more sales a reality.
If you'd like to find out more about our partnerships, and how we can help you, please click on the link below and fill in your details.
Someone will get back to you promptly to see how we can be of assistance.
This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice.
There may be a fee for mortgage advice, the exact amount will be based on your circumstances & will be agreed following your initial meeting. A typical fee is £1,495 payable on completion.
Wills, Trusts and Estate planning are not regulated by the Financial Conduct Authority.
The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK.
Copyright © 2023 The Equity Release Partnership Limited - All Rights Reserved.
The Equity Release Partnership Limited is an appointed representative of The Right Mortgage Limited which is authorised and regulated by the Financial Conduct Authority.
Company registered in England and Wales No. 15040518. Registered address, 15 Haystack Avenue, Chippenham, Wiltshire, SN14 0FY.
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