Mark Glithero
Equity Release Specialist
Based in Waltham Cross, Hertfordshire, EN7, Mark is a highly experienced equity release and lifetime mortgage specialist, with a vast knowledge of Hertfordshire, London, and the home counties, he is well placed to advise you on your equity release journey.
“I am a professionally qualified financial adviser with 9 years’ experience in the later life lending market & knowledge built up over 40 years’ in the financial services sector. I really enjoy helping my clients overcome any financial challenges in their lives in order to provide them with long term financial security. I specialise in Lifetime mortgages & will always recommend the best solution to meet my client’s needs from the “Whole of the Market” You have the peace of mind of knowing that achieving my clients’ objectives & making a positive change to their lives is my priority.”
Mark Glithero, Hertfordshire Equity Release Adviser
Get More Out Of Later Life With Equity Release
Whether that’s through making those vital home improvements, heading on a trip of a lifetime, helping loved ones get on the property ladder – the choice is yours. Equity release is a way of unlocking the equity stored up in your home and turning it into a tax-free, cash lump sum. An equity release plan allows homeowners aged 55 and over to access some of the cash locked in the value of their home.
The value of your home, minus any outstanding mortgage and any other loans secured against it, is the equity you have in your property. This equity is often passed on as an inheritance, however an increasing number of people are tapping into some of this wealth to help boost their retirement lifestyle. After years of working hard to make monthly repayments, your home is likely to be your biggest asset, particularly if you have benefitted from an increase in house prices over the last few decades.
Why Choose Bower Home Finance?
Whole of Market Advice
Unlock the value of your home and access tax-free cash with our equity release solutions.
Award Winning Advice
Unlock the value of your home and access tax-free cash with our equity release solutions.
Equity Release Council Members
Unlock the value of your home and access tax-free cash with our equity release solutions.
Insurance Solutions
Unlock the value of your home and access tax-free cash with our equity release solutions.
Trusted by Leading Lenders
Around the UK
Equity Release
How Much Can I Release?
The amount you can release depends on your age, how much your house is worth and your health and lifestyle. Generally, the older you are, the more you can release. Some providers take your health and lifestyle choices into consideration which could enable you to release more money. Calculate how much you could release for free using our simple equity release calculator.
Flexible Features For Personalised Plans
Here’s an overview of the flexible features available with equity release plans, designed to ensure you get a plan that’s right for you: Lump sum or drawdown No monthly repayments Partial capital repayments Downsizing protection
A Holistic Approach to Retirement Planning by Accessing Your Property Wealth
For the majority of us, property is our biggest store of wealth, more so than even our pensions. Yet, property is currently used much less than pensions in retirement income planning. It’s important to think more holistically about wealth and being better equipped in this way will help us achieve the retirements we all want to have.
How Equity Release Can Work for You.
When looking to release equity from a property, our customers typically have an idea of what they would like to spend their money on. Whether it be paying off an existing mortgage or loan, going on the holiday of a lifetime or making improvements to their home, there are numerous reasons why our customers choose to release equity from their home.
What are the disadvantages of equity release?
Equity release will reduce the value of your estate and the amount that will go to the people named as beneficiaries in your will. If you have gone with a home reversion plan, then the home reversion company owns all or a part-share of your home.
A lifetime mortgage is a loan secured against your property and if you do not pay the mortgage interest the amount borrowed increases with compounded interest.
It could cancel or reduce your entitlement to means-tested benefits, now or in the future due to you receiving a lump sum of money that increases your savings. Receiving a lump sum may also reduce the amount you have available for future care needs and costs.
Our Commitment to Keep You Protected.
All our equity release lenders are members of the Equity Release Council, and we only ever recommend equity release plans that meet their high standards. For your added protection, your solicitor will carry out all the legal work. We also have a panel of Equity Release Council independent solicitors you can choose from, if that would help. These legal safeguards mean you are protected throughout your equity release journey.
5 Equity Release Safeguards to Protect You.
All customers taking out new plans which meet the Equity Release Council standards must have the right to make penalty free payments (subject to lending criteria)
All customers taking out new plans which meet the Equity Release Council standards must have the right to make penalty free payments (subject to lending criteria)
All customers taking out new plans which meet the Equity Release Council standards must have the right to make penalty free payments (subject to lending criteria)
All customers taking out new plans which meet the Equity Release Council standards must have the right to make penalty free payments (subject to lending criteria)
All customers taking out new plans which meet the Equity Release Council standards must have the right to make penalty free payments (subject to lending criteria)
IMPORTANT TO KNOW
At Bower Home Finance, we will understand your unique circumstances and advise you to ensure you are receiving the best plan to meet your objectives. There are plans that allow you to make voluntary repayments and move home, subject to lender criteria. However, early repayment charges may apply in certain circumstances.
Bower Home Finance provides independent, impartial whole of market equity release advice with an award-winning customer service experience. Initial advice is provided at no cost to you and without obligation. Only if you choose to proceed and your plan completes, would a typical advice and administration fee of £1,695 be payable.
Equity release requires paying off any existing mortgage. Any money released, plus accrued interest to be repaid upon death, or moving into long-term care. Equity release will reduce the value of your estate and your entitlement to means-tested benefits now or in the future, and impact long-term care funding. If you are considering equity release, we strongly recommend that you read our Equity Release page carefully and talk to one of our specialists before deciding if you wish to proceed.
To find out more about any of the products and the service we provide, please call us on freephone 0800 411 8668, request a call back, email us, or use our live chat on our website.
Please be aware that equity release may involve a home reversion plan or lifetime mortgage which is secured against your property. All features and risks are thoroughly explained in your free personalised illustration.