Hello, I’m John Whyte, Specialist Equity Release Broker covering Crawley and the whole of the UK.
I’ll help you choose an equity release plan that’s right for you, leaving you to enjoy your retirement.
I’ve prepared a handy guide to answer some FAQs but welcome you contact me so I can answer your questions personally. To understand the features and risks of your own lifetime mortgage, please
ask for a personalised illustration.
About John Whyte Equity Release
I am an equity release specialist based in Sussex, operating across the South East. I have been working in financial services for over 18 years, helping clients with mortgages, life and critical illness cover, income protection and other independent financial advice.
For clients interested in equity release as a way of accessing some of their money in later life, I provide free initial phone consultations. I can answer any questions you may have and, if you are happy to proceed, arrange a face to face meeting somewhere convenient to discuss your specific circumstances and financial situation.
You can read a little bit more about my background and qualifications here, alternatively you can contact me directly to answer any questions you may have about the services I provide. Submit an online enquiry using the form on this page, or call me on 01903 890 660.
How equity release works
1. Advice
Lets explore how much you could release
2. Search
We’ll find a product that suits your needs
3. Apply
Your application is made
4. Legal
An independent solicitor confirms your application
5. Complete
Your cash is unleashed
Testimonials
Is equity release the right choice for you?
Lots of people find that, when they reach the later stages of life, much of their wealth is tied up in the value of their property. This can make it difficult for them to live comfortably after retirement, make significant investments or spend their money in the way they wish without moving to a smaller home.
Equity release offers an alternative to this, giving homeowners the opportunity to remain in their property while accessing a percentage of its value. This money can be used to fund a home renovation, splash out on a big family holiday or simply make your everyday life more comfortable. To learn more about lifetime mortgages and home reversion click here.
How does equity release work?
Equity release actually generally refers to two different options: lifetime mortgages and home reversion plans. Lifetime mortgages are the most popular – they are long-term loans which are taken against the value of the home, and have the interest rolled up. They are paid off when you die or move into long-term care and the property is sold.
A home reversion plan involves a provider buying a specified percentage of your home so you can access its value immediately. When you die or move to long-term care, the property is sold and the provider receives the equivalent percentage.
Is equity release safe?
Equity release is extremely highly regulated to ensure that those who take out the policy understand it. There are many safeguards in place and reputable advisers are members of the Equity Release Council and adhere to the rules.
How much could you release?
Our Case Studies
Mr & Mrs B from Sussex
Aged 70 & 74. Property Value £165,000. An initial release of £26,400 for debt consolidation, minor home improvements, holidays for the year ahead and Birthday/Christmas spending on their family. Further (annual) sums have since been drawn to continue provision for the annual costs of holidays, birthdays and Christmas presents for their every growing family.
Mr & Mrs P from Hampshire
Aged 67 & 65, Property Value £300,000 outstanding mortgage of £56,000 with a term due to expiry, Other debts of £17,000, Total Monthly Cost of £540. Total Release of £74,500 to repay in full all debts and initial set up costs, interest to be serviced as equivalent monthly cost is lower at circa £400pm and capital ultimately repaid on death from the estate.
Mr & Mrs S from Guildford
Recently retired Mr & Mrs S had means of ‘paying’ interest and possibly even mortgage loan capital but they found that ‘normal’ mortgage lending was restricted. To fund renovations on their new property, the couple opted for a small £30,000 release, made on a value of approximately £330,000. They are now looking to release further funds to indulge their ‘bucket list’!
Get in touch
If you are currently living in, or near, Eastbourne and would like to set up a free initial consultation with no obligation, please get in touch. I would be happy to help you understand the options available and how they might be able to support your plans for the future.
Other Local Areas We Cover in Sussex
Eastbourne
Brighton and Hove
Horsham
Chichester
Bognor Regis
Talk to us today about equity release by calling 01903 254993 or by the form below.
Equity Release Sussex is a trading style of The Later Life Lending Network Limited, an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority (Ref – 649443). Registered in England and Wales no. 09832887. Registered address: 70 St. Johns Close, Knowle, Solihull, England, B93 0NH.
For Independent Equity Release advice we do not charge any upfront fees however,
a fee of up to 1% of the total cash facility arranged is payable (subject to a typical minimum charge of £1,295) on completion for our service in relation to lifetime mortgage contracts plus commission from the lender.
The exact amount will depend on the complexity and work involved in your case and will be confirmed by way of a formal fee agreement.
For Independent Mortgage Advice we charge a fee of up to 1% of your mortgage amount payable (subject to a typical minimum charge of £295 payable on application & £300 on completion (£595 in total) plus commission from lender. The exact amount will depend on the complexity and work involved on your case and will be confirmed by way of a formal fee agreement.
The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK