Equity Release in Leeds, Bradford, Huddersfield & Other Yorkshire Locations

Welcome to our guide to equity release in Yorkshire. Here you will learn all you need to know if you’re applying for this type of retirement finance in Leeds, Huddersfield, Bradford or any other city or town in the region.

Are equity release mortgages available in Yorkshire?

Yes. If you are applying for equity release in the Yorkshire region, you will have access to the same rates and deals as homeowners anywhere else in the UK. All of the major equity release providers operate in this part of England, so your options won’t be restricted by geography, but some borrowers prefer to deal with advisers who have local expertise.

Our independent equity release advisers have specific knowledge and experience of the residential property market in locations including:

• Leeds
• Huddersfield
• Sheffield
• York
• Bradford
• Doncaster
• And other Yorkshire cities and towns

Teito is based in Mirfield in West Yorkshire and, although we're an online brokerage, we offer face-to-face equity release appointments for clients in the above locations.

Do you need to use a local adviser?

Not necessarily. Although taking professional advice is a legal requirement if you are applying for equity release, you don’t need to use an adviser based in Leeds, Huddersfield, Sheffield or any of the other Yorkshire locations if you live in the region.

Our equity release brokers offer advice on lifetime mortgages and similar products to customers across the UK every day. They use various communication channels, such as phone and video chat, to ensure their clients get the best deal, regardless of their location.

However, we understand that some customers in Yorkshire prefer to deal with local advisers and would rather get their equity release guidance face-to-face. With this in mind, our Yorkshire-based brokers can offer in-person consultations for clients who request them.

Speak to a Yorkshire-based equity release adviser

Speak To An Adviser

How much will you be able to borrow?

You can usually borrow between 20% and 60% of your home’s value on a lifetime mortgage, the most popular type of equity release. The exact amount of equity you can access will depend on your age, your home’s value and the type of equity release plan you have.

To give a working example relevant to homeowners in Yorkshire, the average property value in the region is currently £240,105, based on the latest house price data. With a home of this value, you could potentially release up to £144,063 (i.e. 60% of £240,105).

You can use our calculator below to get an idea of how much equity you can release:

Should you use a local solicitor?

Homeowners applying for equity release in Leeds, Bradford, Huddersfield and other Yorkshire towns and cities often try to seek out solicitors in their local area, but this isn’t necessarily the right approach. If you were to choose a solicitor purely on the basis that they are local to you, there’s no guarantee that they will be on panel with the right providers.

If a solicitor is ‘on panel’ with an equity release provider, this means they are approved to help clients who are taking out finance with that particular provider.

We always refer our clients to a specific solicitor who can support clients across the UK. They are on panel with every equity release lender, so your options won’t be restricted.

Typical solicitor fees for equity release are approximately £860.

Speak to a Yorkshire-based equity release adviser

If your preference is to receive equity release advice from a broker who is based in the Yorkshire area, this is something we can provide. We are based in Mirfield and our advisers are accredited by the Equity Release Council and experts in the region’s property market.

Here are just some of the reason why people choose our equity release providers:

• They are fully accredited by the ERC and FCA regulated
• We have access to exclusive rates and deals
• We are 5-star rated on leading review websites
• Our advisers are experts in the Yorkshire market

Ready to take advantage of a free, no-obligation chat with an equity release adviser who specialises in the Yorkshire property market? Get started here.