Address:
Green Lake Ln, Aldford, Chester CH3 6HW
Give us a call:
01244 330 134
Email Address:
advice@northstarmortgages.co.uk
Equity Release
At North Star Mortgage & Financial Services, we recognise that equity release is often surrounded by mixed opinions and outdated perceptions. As trusted members of the Equity Release Council, our role is to provide clear, balanced guidance and explain how today’s products are regulated, flexible, and built with strong consumer protections in place.
With thoughtful planning and specialist advice, releasing equity can be a practical way to create greater financial flexibility in later life. In the following section, we address common questions to help you assess whether equity release could be an appropriate option for your circumstances.
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How It Works
A Lifetime Mortgage is a form of Equity Release available to homeowners aged 55 and over, allowing them to take out a loan secured against their main residence while retaining full ownership of their home.
Interest is charged only on the amount borrowed and can either be added to the loan or repaid, depending on the product chosen. The loan is repaid from the sale of the property when the homeowner moves into long-term care or passes away.
Many people choose a Lifetime Mortgage because it lets them stay in their home, requires no monthly repayments, includes a no-negative-equity guarantee, and is not assessed on income affordability.
It can be a practical solution for clients with limited pensions or retirement savings, rising living costs, outstanding mortgages or debts, interest-only mortgages reaching the end of their term, or changing pension rules affecting their financial planning.
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We added a Frequently Asked Questions section below to provide clarity, but if you have any further questions, please don't hesitate to get in touch.
Next Steps
When it comes to Equity Release, there is a lot to consider. It can feel complex and it is not the right choice for everyone, which is why we take the time to understand your goals and only recommend it if it genuinely fits your needs. At North Star Mortgages and Financial Services, we explore all later life and retirement borrowing options for clients aged 55 and over, helping you choose the solution that supports your future plans.
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We prefer to hold initial Equity Release meetings face to face, because these decisions are personal and trust matters. Based in Cheshire, we are ideally located for clients across North West England and North Wales. Our offices are easy to reach, with on-site parking and full accessibility, making your visit straightforward and comfortable.
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If you would like to explore what could be possible for you, you can book an obligation free initial call through our online booking system or get in touch with us directly. We are here to help you understand your options with clarity and confidence.
