If you’re over 55 you could release up to 60% of your equity as tax-free
cash. You can stay in your home forever and not pay any monthly repayments.
Equity Release provides many great opportunities. Our expert advisors will help you get the most from
this fantastic product. We speak English and Nepali, so we’ll explain everything you need to know.
It’s completely free to talk to us and discuss your situation.
We look forward to helping you live a better life!
It takes less than 60 seconds…
The first Equity Release product, called ‘Home Reversion’, had some faults.
This attracted a bad name for the whole sector. However, the newer form of Equity Release, called
‘Lifetime Mortgage’ is much better. It is fairer on the customer and is regulated by the Financial Conduct Authority. This product is designed to help you make the most of your equity whilst still enjoying your home.
Your lender will not own your home. You will just owe them the money you borrow
plus some interest. You can pay the interest off monthly, but most people let it roll up on
top of the loan. This means you won’t have to pay any of the loan back whilst you’re alive. Your lender
will only take what they are owed once you pass away and your home is sold.
How does it work?
You have to be 55 or over to apply for Equity Release. If you are younger then 55, you can still release equity from your property through a remortgage.
If you own equity in your property, Equity Release can help you access it as cash. You can release up to 60% of your equity, either as a lump sum or as monthly income. You can carry on living in your home forever. You can also move the deal to a new property, or even use your equity to buy a more expensive home.
You won’t have to pay monthly repayments if you don’t want to. All the interest can be added onto the loan and the lender only receives it once you’ve passed away.
You’ll never be in negative equity. This means you’ll never owe the lender more than your property is worth, and they can never force you to leave.
What can you do with Equity Release?
Aside from using the money to enjoy life, there are plenty of other reasons you might want to use Equity Release.
Help your children
Helping your children financially can be very rewarding, but only when you’re alive to see it! With Equity Release, you can give some of your children’s inheritance to them before you die.
You could help them buy their first home, a new car, fund their wedding, or pay for further education.
Pay off your mortgage and debts
Still paying off your mortgage or worrying about debts can be stressful. This should be a time to relax and enjoy life. You can use Equity Release to pay off your mortgage and debts, so you can be free to enjoy your money.
Buy a second home or Buy To Let
You can use Equity Release to help you buy a second home or invest in a Buy To Let property. If you choose to rent out your new property, you could use some of the income to cover the interest on your Equity Release. This way the remaining equity in your home won’t reduce. There may also be some money left over to top up your pension, and you’ll own an investment property to pass on to your children. There are plenty of other options, and we can help you decide what’s best for you.
Move house
You may want to move closer to family or friends but the new property seems too expensive. You can use Equity Release to make up the extra money you need to buy that dream home.
We are passionate about teaching over 55s what they can do with Equity Release.
The newer product, called ‘Lifetime Mortgage’, can transform your life in so many great ways.
There are some things to understand, but the product is fair and useful. We speak English and Nepali, so
we’ll explain everything you need to know and explore your options. We’ll help you find the right deal and arrange
it for you too. It’s free to chat with us, and we can come to you or you can to us.
We look forward to helping you live a better life!
We speak English and Nepali, so we can help you understand everything you need to know.
We’ve been helping the Nepalese community for 30 years and thousands of happy customers have used our service.
We have access to every product and we understand what every lender needs, so we can find you the best mortgage available to you.
We’re proud to have been voted Best Mortgage Broker in the South East! Awarded by the HLP Mortgage Network.
We can come to your home or you can come into one of our offices. We’re open all week and Saturday morning.
Your first chat with us is completely free, you will get some great advice and there is no fee until you decide to use our service.
We’re so confident we’ll find you the right deal that all fees will be refunded if you’re not successful.
If you’re self-employed we can still find you a great mortgage. In fact no matter what your situation we should be able to help you.
how it works
It’s as simple as ABC…
But it’s not ABC.
Spend seconds filling out a few questions online, or give us a call.
We handle everything for you – from applying for the best deal to doing all the paperwork.
This one’s self-explanatry, just sit back and enjoy the fruits of your new mortgage
Opening Hours
Mon-Fri: 9am-5:30pmThink carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.
Gurkha Mortgages is a trading style of Michael Usher Mortgage Services Ltd which is an appointed representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority. Michael Usher Mortgage Services Ltd is a company registered in England and Wales with company number 4156383.
The registered office address is 84 – 88 High Street, Frimley, Surrey, GU16 7JE.
The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
Making important financial decisions and putting your trust in a financial advisor can be overwhelming, but the team at Michael Usher Mortgage Services guarantee to stay with you every step of the way.