Where can I find an equity release lender willing to lend on my property, worth in excess of £1million?
Due to not wanting to over expose themselves to just a small number of high valued or luxury properties, most equity release lenders will only lend on property worth less than £1 million or restrict waht they will lend based on a maximum property value of just £1million.
We are pleased to say that due to our considerable experience in dealing with high value properties and our specialist database of lenders criteria we are confident that subject to your specific property details and valuation, we should be able to find you a SHIP approved equity release lender willing to lend, providing amongst other factors:-
- You, or (in joint applications- you are both) over 55.
- The property is your main property and is located in mainland England, Scotland or Wales.
- It is freehold or leasehold with at least 80 years remaining.
- The property is not sub let or converted into flats.
- The land does not exceed 20 acres.
- It is not used for commercial purposes.
Not only this but on properties in excess of £1.5 million or loans taken in excess of £500,000 we will waive our usual advice fee and just accept the commission - meaning you benefit from a further 1.5% on the loan amount applied for, whilst still providing you with a personal and discrete service.
Find out how much equity you could release.
Due to the individual nature of such properties, to find out exactly how much you could release, please call us on FREEPHONE 0800 970 4882 or complete our online enquiry form and we will call you back as soon as possible.