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Equity Release for Expats
and Foreign Nationals
Looking to Release Equity from a UK Property whilst Living Abroad? We Can Help. Secure your financial future and make the most out of your property assets.
What is Equity Release?
Equity release is a great way to unlock the value of your property and turn it into a cash lump sum. You can do this via a number of policies which let you access – or ‘release’ – the equity (cash) tied up in your home, if you’re over 55 years old. You don’t need to have fully paid off your mortgage to do this.
Equity Release Rates are the cheapest they’ve been in years!
There has been no better time to release equity thanks to some of the best rates we’ve seen in years. Equity Release is a very effective process for mature expats and those with properties on foreign soil.
Frequently Asked Questions
The amount of equity you can release depends on your age and on how much of your mortgage is paid off. Most people release between 20-50% of the equity in their home, typically between £10,000-£100,000.
Because house prices have risen over the years, the equity you have in yours could be significant especially if you don’t have a mortgage.
For example, if your home is worth £250,000 and you have an outstanding mortgage of £50,000, you would have £200,000 equity. To find out exactly how much equity you could release, get in touch with us today.
For your peace of mind Liquid Expat Mortgages is regulated by the Financial Conduct Authority
Releasing equity takes on average around 8-12 weeks. Liquid Expat can help prepare your application to ensure it all runs smoothly and your money is in your bank account as soon as possible.
Get a quoteIf you have money tied up in your home, you can think about releasing to to enjoy some of the things you’ve always promised yourself but never got round to doing. Some people choose this route to fund a more comfortable retirement and equity release can boost their finances. It can help top up pensions or other income when you stop working and in some cases whilst you are still working.
You’ll need to meet certain conditions in order to qualify for equity release plans. If you meet the criteria below, then you could be eligible.
- You’re 55 or over
- You’re the owner of a qualifying property in the UK
- Your property is worth £70,000 or more
Equity Release Case Study
Mr & Mrs SJM moved to Australia as Mr SJM relocated with a senior Mining Management role over 17 years ago. His package included generous bonus payments and paid accommodation.
They kept their house in the UK and rented it out as they had no children to think about. The rental income paid the mortgage and the remainder went in savings as part of their pension strategy.
By 2015 the mortgage on the UK home was fully paid off and even though the couple were now 55 and 56 respectively, they wanted to carry on working and living in Australia for another ten years. They decided that they wanted to buy a top of the range camper van so they could start to enjoy longer breaks around the coast.
Rather than take out a loan they decided to release some of the equity in their property as it was cheaper and easier than obtaining a loan in Australia. Releasing sterling also benefited them when they exchanged to Australian dollars.
Join the thousands of expats already using Liquid Expat
The level of service we provide to our customers at Liquid Expat Mortgages is really important and we’re always delighted to receive positive feedback. Here’s what some of our clients have said about us recently.
We’ll save you time and stress when applying
Our large team of Mortgage Consultants are super-qualified, experienced and friendly. Trained to the highest standard, they’ll take care of all the hard work and support you throughout the whole process.
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DISCLAIMER: Liquid Expat Mortgages is a trading style of Liquid Complete Ltd, trading address: Suite 4b, Link 665 Business Centre, Todd Hall Road, Rossendale, BB4 5HU, United Kingdom. Registered in England & Wales address Phoenix House, 2 Huddersfield Road, Stalybridge, SK15 2QA, United Kingdom. Company No 09438556. Liquid Complete Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 685425. The FCA does not regulate some investment mortgage contracts. Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured against it.