Equity release brokers you can trust in Ely, East Cambridgeshire

Lifetime mortgages in Ely

I am a highly experienced and knowledgeable equity release adviser, approved by the Equity Release Council (ERC). This means I follow the strict code of conduct set out by the ERC, including only recommending plans with the no-negative equity guarantee. Equity release is a way for homeowners over the age of 55 to access money tied up in their homes.

It may involve a lifetime mortgage or home reversion plan, and I can help you understand the full benefits and implications of a lifetime mortgage with a personalised plan. I advise on lifetime mortgages only, though I will always explain how the two differ. Equity release can even be used to pay off an existing mortgage, so you do not need to make monthly repayments. You can also move house as long as the new property meets certain criteria.

Whether you are looking for funds to boost your pension for everyday living costs or you wish to help a family member, all money released via equity release is tax-free. I will always work closely with you to find the right solutions to your needs. I also have access to other financial products, including retirement interest-only mortgages.

As an expert in my field, I stay abreast of new products that are being released all the time. In any initial and free-of-charge consultation, I can find out more about your financial position, and what you are hoping to achieve so we can discuss whether equity release is the best way forwards. I am happy to meet at your home or another convenient location or via video or phone.

My firm, Pellucid Ltd, is authorised and regulated by the Financial Conduct Authority (FCA), so you can rest assured that you are receiving the best possible service. Would you like to speak to me about equity release? Please call now on 07768 972861.

Reasons to release equity from your Ely home

• To pay off existing debts or a residential mortgage
• To fund home improvements or adapt your home so you can continue living there
• To add to your retirement income for day-to-day living costs
• To help children or grandchildren with a 'living inheritance', usually used for housing costs to pay for a wedding or education
• To go on holiday or travel more
• To fund care at home or private medical bills

Releasing equity in Ely - I offer impartial advice

Ely is the second smallest city in England and is set on the bank of the River Ouse above the Fens. It is regularly praised for offering one of the best living standards in the UK, with great commuter links, excellent schools, and access to beautiful countryside. It also boasts a stunning gothic-style cathedral that dates back to 1083.

Land Registry figures for July 2026 put the average home across East Cambridgeshire, the district Ely sits in, at £346,000. Terraced homes averaged £277,000, semi-detached homes £330,000 and detached houses £493,000.

Prices were about 6 per cent higher than a year earlier.

Lifetime Mortgages: The most common type of equity release in Ely, CB6

Lifetime mortgages allow you to release money by securing a loan against the value of your Ely home. You will retain full ownership of your home, and there are typically no monthly repayments.

The loan, plus any interest that rolls up over time is repaid when the plan ends. This will be when you die or move into long-term residential care. A lifetime mortgage differs from a traditional mortgage in several ways: You are in control of repayments, so regular interest repayments are an option with some products rather than a requirement.

There are no formal affordability checks as there are with residential mortgages. With a no-negative equity guarantee, the mortgage will never be more than your home is worth. You can also ringfence part of your property as an inheritance for your beneficiaries.

Lifetime mortgage rates are fixed for life, no matter how long you live. This means that even if interest rates rise, your rate is fixed for your lifetime mortgage. Some lifetime mortgages have a 'drawdown' option, giving you increased flexibility by allowing you to release the money over time as and when you need it.

You only start to pay interest on the money you have received. According to research, lifetime mortgages account for 99 per cent of equity release plans in the UK. Book an equity release consultation with Jeremy.

No obligation consultations can be held in the comfort of your own home in any of the following locations:

Barraway · Barway · Chetisham · Chettisham · Coveney · Downham · Ely · Littleport · Prickwillow · Stretham · Stuntney · Witchford

Why should you speak to an equity release adviser in Ely and area?

Equity release is a complex financial product. If you are considering releasing equity in Ely, Littleport, Witchford or Soham areas, you must understand all the features to make a decision that is right for you.

All that matters to me is finding the right solutions for your needs. I am independent so I can access all plans across the market. What can you equity release for?

• Repaying an existing mortgage and paying off existing debts
• Home or garden improvements
• Improving retirement income
• Holidays or holiday homes
• Helping a family member with education fees

To find out more about later-life mortgage lenders or retirement mortgages in Ely, call now

As your equity release broker in Ely, I am here to help. Please call 07768 972861.

You can also email me at jeremy@trustedequityrelease.co.uk