Equity Release & Lifetime Mortgage Advice

Unlocking the value of your property

What is Equity Release?

If you’re over 55, equity release is the method of releasing some of the money tied up in your property. Because your property is probably your biggest financial asset it can be a very effective way to release cash for other purposes, but this is a decision which needs sound advice.

Why Release Equity?

There are a number of reasons why people consider equity release.

Here are just some of them:

  • Property Purchase. Provides funds to help you to move to a new property, if you’re selling your current home, and need extra funds to secure the next purchase without reference to your income.
  • Replacing a traditional mortgage. A new life time mortgage has no set end date, so there’s no pressure for you to fully repay the debt as required with a traditional mortgage. You have the option to either make monthly payments, or make no monthly payments and roll the interest up onto the outstanding mortgage balance.
  • Funding Home Improvements
  • Funding Holidays
  • Funding A Car Purchase
  • Funding Long Term Care. Release capital to pay for care costs / care at home.
  • Gifting Inheritance from the equity in your home. See your children/grandchildren enjoy their inheritance in your lifetime, e.g. help with university fees, house purchase, debt repayment etc.
  • Divorce. Raise capital to buy out a divorcing spouse.

Broadland Consultants Equity Release Services

Our Equity Release mortgage advisers research the market and then arrange the very best Equity Release or Lifetime mortgages for your circumstances.

Let our expert advisors help you unlock the money tied up in your property with one of the following products.

If you’re based in Norwich or Norfolk they can meet you face to face too.

Lump sum lifetime mortgages enable you to release some of the money tied up in your home in one single lump sum. This differs from a drawdown lifetime mortgage where you release a smaller amount initially with a pre-agreed cash facility from which you release smaller amounts as and when required. With a lump sum lifetime mortgage, some lenders are also able to consider taking any health and lifestyle conditions you may have into consideration which may result in the potential to borrow an even higher amount.

A drawdown lifetime mortgage enables you to release some of the money you have tied up in your home by providing you with an initial advance, together with an approved ‘cash facility’ that you can draw on, as and when you need it. Interest is charged on the amount taken rather than the full facility, meaning no interest is charged on the unused cash facility.

An interest serviced lifetime mortgage works in a very similar way to a lifetime mortgage. The mortgage is secured against your home and only repayable when you die or move permanently into long-term care.

The main difference is that you have an opportunity to pay some or all of the monthly interest being charged, which will reduce the overall amount owed.

A home reversion plan is a way to sell all or part of your home, and in return be given a tax-free cash lump sum or regular income, and a lifetime lease. This is basically a promise that you can stay in your home until you die or go into long-term care.

This is usually higher than the sum you can raise from a lifetime mortgage. While all or part of your home will belong to someone else, you can remain living there for the rest of your life rent-free.

Home reversion plans are not loans and so there’s no interest to pay. However, if your property increases in value, you will only benefit from the increase in value of the proportion you still own.

When you die or move into long-term care your home is then sold and you or your estate receive back your share of the sale proceeds, minus the share sold to the reversion provider.

This is a lifetime mortgage or home reversion plan. To understand the features and risks, ask for a personalised illustration. Equity release, home reversion plans and lifetime mortgage are complex products and you should request personalised information. Equity release could affect your income tax position and your entitlement to state benefits; it could also restrict future options for moving house or paying for long term care. If using an equity release plan to consolidate debt, you are taking a previously unsecured debt and securing it against your home. Equity release could reduce the value of your estate that your beneficiaries expect to inherit. You should talk to them before committing to a plan. Using equity release to raise investment capital is inadvisable under most circumstances and you should talk to an investment adviser if this is your intention. We can arrange this for you.

Why choose Broadland Consultants?

  • Unbiased And Unrestricted Whole Of Market Mortgage Equity Release & Lifetime Mortgage Advice. Serving the Norwich and Norfolk area.
  • One Easy Meeting Saving You Time. Our Equity Release & Life Time mortgages advisors complete all the paperwork for you, and manage the application(s) all the way through to a successful completion.
  • A Meeting At A Time And Location Convenient For You. Phone / Video conference meetings available or meet at Broadland Consultant’s offices. Home/workplace meetings also available in the Norwich and Norfolk area. We also offer evening appointments on request to discuss your Equity Release & Lifetime mortgage advice requirements.
  • An Opportunity To Save You Money. Why just speak to one provider which only has their in-house products? Our independent Equity Release & Lifetime mortgage advisers review the whole of the market for the best deal for your circumstances.

We Are Here To Help You

Meet The Equity Release & Life Time Mortgages Team

Russell Carter

(Cert PFS Cert CII (MP) )

Associate Consultant

David Weeds

(Cert PFS )

Associate Consultant

Connor Simpson

(CeMap )

Associate Consultant

Luke Jeal

(Dip FA CeMap MLIBF )

Associate Consultant

Three Steps To Success

We will help you every step of the way

Our expert equity release & life time mortgage advisers are here to help you through the whole process of researching and arranging the very best financial solution for your specific circumstances.

01

Free No Obligation Initial Consultation

Contact Us to arrange a free, no obligation initial consultation.

02

Meet With Our Advisor

We can meet you at your home or office or at one of our office locations. Alternatively via video conference or telephone.

03

Let Us Handle The Paperwork

Once we find the right deal we will collect all the relevant paperwork and process all the required admin on your behalf.

What People Say About Us

Client Testimonials

  • I expect you will already know that I received my mortgage offer from the NatWest this afternoon.  I am absolutely delighted and I just wanted to send an email to you to thank you and your team for arranging this on my behalf. I am so happy and relieved that this hurdle has been jumped.  I look forward to hearing from you soon and look forward to moving to Beeston in due course.
    Independent Mortgage Advice, Equity Release, Life Time Mortgage Advice, Buy to Let Mortgage Advice, Mortgage Broker, Mortgage Adviser, Mortgage Advisor — Norwich, Norfolk
  • Dear David, I wanted to express my sincere gratitude for the help & support you have given us and our business over the past 10 months. Thankfully Max Sowerby introduced me to Broadland consultants this time last year. It was tricky and not straightforward by any means, there were times when I wasn’t sure we were going to find a financial solution to our business plan but due to your sheer tenacity and ability to think ‘out of the box’ we now have the support & financial backing of the HSBC. Fantastic! Covid 19 brought challenging times for us all but I personally want to thank you for always being available during the times of uncertainty. I now have an excellent financial advisor for the future and I’ve also found a new friend.
    Independent Mortgage Advice, Mortgage Broker, Mortgage Adviser, Mortgage Advisor — Norwich, Norfolk
  • I received, what I consider to be the Rolls Royce of service. The advisor was friendly, polite, courteous and at every stage of the advice kept in close telephone contact, always ringing when he promised to. He provided me with a wide variety of options explaining and guiding me every step of the way, whilst leaving me to make my decision with confidence. My concerns were listened to and I was given a quality, individual service putting all my financial affairs in order.
    Equity Release, Life Time Mortgage Advice — Aylsham, Norfolk
  • You are an asset to your company. Thank you very much for sorting out my re-mortgage. Most grateful
    Independent Mortgage Advice, Equity Release, Buy to Let Mortgage Advice, Mortgage Broker — Norwich, Norfolk
  • Thank you Russell for all of your assistance, you have been truly outstanding
    Equity Release, Life Time Mortgage Advice — Norwich, Norfolk
  • Dear David, Now that we have completed the refinancing project.  I am writing to thank you for your amazing service. The fact that COVID-19 intervened was a hindrance to us all and I am very grateful to you for managing to keep things going and enabling the progression so very efficiently. I know you know how important the whole issue was to me and to my family and thank you for continuing to work through such a difficult time. I look forward to working with you again on my next project! Best wishes Margaret
    Pensions, Equity Release, Life Time Mortgage Advice, Buy to Let Mortgage Advice, Mortgage Broker, Mortgage Adviser, Mortgage Advisor — Norwich, Norfolk
  • We look forward to seeing you again soon. In the meantime, we would like to thank you for all your patience, your own considerable hard work and that of your colleagues at Broadland Consultants, in bringing about a satisfactory conclusion to yet another episode in our family history! I am sure our parents would be very pleased with this positive outcome
    Independent Wealth Management and Investment Advice, Investment Advice — Norwich, Norfolk
  • A big thank you to you and Simon for the help you gave my son, James, regarding his first house purchase 3 months or so ago. I had intended to contact you at the time but with the excitement of going into lockdown, events overtook me and it simply slipped my mind. So apologies for not contacting you earlier, but thank you, James and I were very grateful for the work you did –  much appreciated. I hope all’s well with you. If you fancy a catch up at any time please let me know.
    Independent Mortgage Advice, Equity Release, Buy to Let Mortgage Advice, Mortgage Broker, Mortgage Adviser, Mortgage Advisor — Norwich, Norfolk
  • My experience with Russell Carter, was outstanding. He successfully secured two mortgages at short notice and ensured all my needs were met. Russell offers a professional, yet personable service and this is something money can’t buy. Russell is an asset to Broadland Consultants Ltd and I will most definitely refer Russell to friends and family
    Equity Release, Life Time Mortgage Advice — Norwich, Norfolk
  • Secondly, thank-you for everything you've done, we truly appreciate you helping us, sorting us out and just being totally amazing, you really took a huge chunk of stress away with sorting all the mortgage and advice you gave us!! So thank-you! I will recommend you far and wide - best mortgage adviser ever!!
    Independent Mortgage Advice, Buy to Let Mortgage Advice, Mortgage Broker, Mortgage Adviser, Mortgage Advisor — Norwich, Norfolk
  • Hi Simon, Thought I’d just send a quick email to say thank you for your brilliant work in finding us a mortgage offer. We are so happy we were able to get a house at that value and literally couldn’t have done it without you! We are some way off actually getting the keys to the place it seems, so it will be a bit of a race before the baby gets here, but hopefully before rather than straight after! I hope you had a relaxing holiday – hopefully not too much of a distant memory
    Independent Mortgage Advice, Equity Release, Life Time Mortgage Advice, Buy to Let Mortgage Advice, Mortgage Broker, Mortgage Adviser, Mortgage Advisor — Norwich, Norfolk
  • Just to say thank you for the mortgage advisor recommendation of using Broadland Consultants- both mortgages have been sorted, quickly & professionally. We are now 3 weeks into our building work, so far so good but got a a few months to go!!
    Independent Mortgage Advice, Life Time Mortgage Advice, Buy to Let Mortgage Advice, Mortgage Broker, Mortgage Adviser, Mortgage Advisor — Norwich, Norfolk
  • I would definitely recommend Broadland Consultants. A big thank you to Howard Jones for his support and advice with my mortgage and also life insurance. It definitely made the whole process less stressful and with the knowledge I was getting the best deal, on the market, for my circumstances. Thank you.
    Independent Mortgage Advice, Income Protection Insurance Advice, Independent Life Insurance Advice, Life Time Mortgage Advice, Buy to Let Mortgage Advice, Insurance Advice, Mortgage Broker, Mortgage Adviser, Mortgage Advisor — Norwich, Norfolk
  • Dear Karl, thank you for everything you've done for us! You have been just brilliant, and we would be happy to recommend you.
    Independent Mortgage Advice, Buy to Let Mortgage Advice, Mortgage Broker — Norwich, Norfolk
  • Thanks again for all your help and fantastic advice and guidance! Please can we go for the 2 year fixed rate. And I’ll be sure to try that restaurant on our next night out to Norwich
    Independent Mortgage Advice, Equity Release, Life Time Mortgage Advice, Buy to Let Mortgage Advice, Mortgage Broker, Mortgage Adviser, Mortgage Advisor — Norwich, Norfolk
  • It was good to meet you as well.  Thank you for giving us time.  We have thought about who to instruct to assist us, and have decided that we won't ask the other adviser for a meeting after all, on the basis that we would rather have the broader team at Broadland and the continuity that would come guaranteed with that over the course of the next few years - along with the fact that you are local and we were impressed with the meeting.
    Equity Release, Buy to Let Mortgage Advice, Mortgage Broker, Mortgage Adviser, Mortgage Advisor — Norwich, Norfolk
  • The mortgage came through at the end of last week and we have paid your invoice this evening via BACS. Thank you for your assistance in re-mortgaging, it has been a very smooth, stress free experience.  
    Independent Mortgage Advice, Equity Release, Life Time Mortgage Advice, Buy to Let Mortgage Advice, Mortgage Broker, Mortgage Adviser, Mortgage Advisor — Norwich, Norfolk
  • Faultless service from Chris Spinks, who not only identified a great mortgage product, but managed the information flow to the lender to achieve a super-quick approval. He was also clear and proactive in terms of communication, taking the time and trouble to understand our priorities. Chris was a delight to deal with at every step and I will be recommending him to others.
    Equity Release, Life Time Mortgage Advice, Buy to Let Mortgage Advice, Mortgage Broker, Mortgage Adviser, Mortgage Advisor — Norwich, Norfolk
  • Thanks so much for helping us both on this matter and we are both very grateful. I’m really glad that I met you Simon you are a person who keeps his word like me.
    Independent Mortgage Advice, Income Protection Insurance Advice, Independent Life Insurance Advice, Equity Release, Life Time Mortgage Advice, Buy to Let Mortgage Advice, Insurance Advice, Mortgage Broker, Life Insurance Advice, Mortgage Adviser, Mortgage Advisor — Norwich, Norfolk

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