💷 Releasing Equity in Chislehurst: What Homeowners Need to Know
If you’re a homeowner in Chislehurst, chances are your property has seen significant growth in value over the past decade. Whether you’re mortgage-free or have a small remaining balance, equity release or remortgaging could give you access to funds for home improvements, family support, or retirement planning.
🏡 Why Equity Release Is Growing in BR7
Chislehurst is home to many long-term homeowners living in high-value properties — particularly detached homes near Camden Park Road, Royal Parade, and the common. As property values rise, so does the amount of equity tied up in bricks and mortar.
Rather than downsizing or selling, equity release offers a way to unlock funds while remaining in the home you love.
🧓 How Does Equity Release Work?
The most common form of equity release is a lifetime mortgage. This allows you to borrow a percentage of your home’s value, either as a lump sum or regular income. No monthly repayments are required — the loan is typically repaid when the property is sold after you pass away or move into care.
📋 Who Is Eligible?
Equity release is typically available to homeowners aged 55 and over, with a property worth at least £70,000. The older you are, the more you can usually release — and some plans allow you to protect a portion of your estate for inheritance purposes.
🔧 Common Uses for Released Equity
- Paying off an interest-only mortgage
- Renovating or extending your home
- Helping children with a house deposit
- Supplementing retirement income
🛠️ Want to See What You Could Unlock?
Use our Mortgage Calculator to get a rough idea of how much equity you may be able to release based on your age and property value.
Or contact us to explore your options — we’ll help you connect with a qualified provider who can walk you through everything clearly.