Training Example: Equity Release Sussex – Review the Data, Give Your Score & Compare to the Real AI Evaluation

Its with great sadness to announce that we lost John earlier this year and wish to extend our condolences to all Johns family, friends, clients and anyone that knew John.
John was a vibrant member of the local community and a true professional in the workplace and will be greatly missed. Please rest assured that Equity Release Sussex will continue to  look after clients old and new through John’s longstanding friend and colleague Tim Ashton via the contact details already on the website. Tim and John started in the business at the same time and it was Johns wish for Tim to continue to look after his clients in his absence.
Both John and Tim are  independent broker’s with 25+ years’ experience in the financial services industry, specialising in equity release plans. Using unparalleled expertise in this complex sector can help you find the most competitive deals and later life mortgage facilities from all lenders.
A property asset may well be your largest ever investment but obtaining finance to purchase a flat or house , or releasing equity from your existing family home, can be a complicated process that’s hard to navigate on your own. The good news is that there’s a wealth of choice out there and I can give you my personal attention and provide the expert help to guide you through the maze and find a financial solution that is right for you.

Equity release refers to a range of products that let you access the equity (cash) tied up in your home if you are over the age of 55. You can take the money you release as a lump sum, in several smaller amounts or as a combination of both.
If you’re a home owner who is wishing to release some of the value of your own property, then you’ve come to the right place. Some retirees find themselves equity rich but cash poor, and releasing the equity locked up inside your home may be an excellent way to generate additional financial liquidity.
Using my vast industry knowledge and expertise, I can help you choose an equity release plan that’s right for you, leaving you to enjoy your retirement. I’ve prepared a handy guide to answer some FAQs but welcome you to contact me so I can answer your questions personally. To understand the features and risks of your own lifetime mortgage, please ask for a personalised illustration.
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[H3] 1. Advice
Lets explore how much you could release

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[H3] 2. Search
We’ll find a product that suits your needs

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[H3] 3. Apply
Your application is made

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[H3] 4. Legal
An independent solicitor confirms your application

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[H3] 5. Complete
Your cash is unleashed

Get started using our Equity Release Calculator

Graham Devenish – Worthing,

Right from the start John displayed a calm, efficient knowledgable persona and helped guide us through the field. Any questions asked were always dealt with quickly and accurately and made for a pain free process. Thank you John.
Douglas Mason and Linda Summerfield – Eastbourne,

We were referred to John through a family member. We found him very helpful and very patient in explaining everything to us. There were a couple of hiccups along the way but John dealt with them as quickly as possible and put our minds at rest. We would not hesitate to recommend him to anyone considering Equity Release.
Jan Godfrey – Rustington,

Very professional and pleasant to deal with. John took great care to make sure we got the best deal and even nudged our solicitor along to ensure we didn’t miss our deadline before the rate went up. Highly recommended
John Marshall – East Sussex,

Throughout a number of financial arrangements, John has taken us through the minefield of the necessary steps with clear guidance and aplomb. We do recommend his professionalism very highly.
John Stewart – Middlesborough,

Can highly recommend JOHN,he was first class through out are equity release.Everything was explained in a clear manner and if necessary John was happy to go over everything a second time..Always supportive throughout and always available to offer advice and encouragement.Was quick to react to all eventualities
A gentleman and myself and my wife are grateful for his help.
Katie – East Preston,

I first saw John in 2019, at that time we agreed that equity release was not for me, however after the covid pandemic my situation changed and I contacted him again, John takes great care to make sure everything is explained fully, I am very pleased with the service provided and confident with my choice.
Mr & Mrs Keene – London,

John was brilliant during all phases of our equity release process. Clear, supportive and above all : quick to react to all our various Queries.
Lorraine Peel – Littlehampton,

Always a pleasure working with John informative trustworthy patient I don’t think I could trust anybody else !
Richard Procter – Lancing,

From the very first meeting I knew that John would be on my team. He is thoroughly professional but with a light and approachable touch. I would recommend this man highly for his knowledge and expertise. He found us a lifetime mortgage deal when others had turned us away. I’ve already recommended him to my sister. Thank you, John, for all your hard work.
See All Testimonials

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Lifetime Mortgage

Take out a mortgage secured on your property provided it is your main residence, while retaining ownership.
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Home Reversion Plan

You need to be aged 65+ to qualify for a Home Reversion Plan. You have the right to continue living in the property rent free until you pass away.
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Professional Will Writing

We all want to ensure that our property and wealth is passed on to our loved ones when the time comes. That’s why it is so important that you have a Will that is legally valid and up to date.
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Mortgage Broker Sussex

John Whyte is an Independent Mortgage Broker with over 25 years’ financial services experience and an in-depth knowledge and understanding of the many different mortgage types and products on offer.
Read more

Equity release is a way to unlock the capital tied up in your home in one cash lump sum or in several smaller amounts, or as a combination of both. You can only get equity release if you own your home and are over the aged of 55.
An equity release broker is a completely independent intermediary for clients seeking to release equity from their property. An equity release broker offers market intelligence and acts as an agent for the customer, providing personalised advice. Equity release brokers make their money by charging a fee or commission for tailored equity release solutions.
There are costs involved with equity release. These are the fees for independent financial advice, the mortgage lenders charge and the property valuation or survey fee required to get a current market value of your property.
There is also the interest accumulated through lifetime mortgage plans, but this isn’t an immediate cost – it is rolled-up until the end of the loan (when you die), at which point it is payable by your estate.
No, you do not pay any direct tax on the money you receive from an equity release plan. It is not classed as a capital gain because you are borrowing money against your home. However, if you invest your tax-free cash in ISAs or other savings accounts, you may have to pay tax on any growth. Releasing equity from your house will reduce the value of your estate so it could actually reduce your Inheritance Tax bill when you die.
Very professional and pleasant to deal with. John took great care to make sure we got the best deal and even nudged our solicitor along to ensure we didn't miss our deadline before the rate went up. Highly recommended. Throughout a number of financial arrangements, John has taken us through the minefield of the necessary steps with clear guidance and aplomb. We do recommend his professionalism very highly. From the very first meeting I knew that John would be on my team. He is thoroughly professional but with a light and approachable touch. I would recommend this man highly for his knowledge and expertise. He found us a lifetime mortgage deal when others had turned us away. I’ve already recommended him to my sister. Thank you, John, for all your hard work. I can highly recommend John Whyte 100% ....
He is patient, explains in full if you don't understand he will make it simpler to understand. He will NOT leave you wondering what he was talking about. He was never 'pushy' in anyway in fact he was the other way making sure WE were happy with the transaction. John was very quick with replies and was always at the end of the phone. Because we are not really 'techno bods' everything was done the old fashioned way through the post or even hand delivered.I only wish more people were like John. Thank you I am so glad I contacted John Whyte to guide me through equity release. He made it a very straightforward process and ensured I had a good understanding of what I wanted to achieve and how to do it. Very professional and approachable and responsive. Thank you John I am very happy with the outcome. Highly recommend John. John is one of the most professional people that I have ever had the good fortune to meet. His attention to detail is outstanding and he always gives off his best. After being given some wrong advice by another company it took longer to sort out my business with John than it would the average person. This was not John's fault. However with Johns help and diligence in guiding me through what was an absolute quagmire I managed to achieve my goal and I have gained confidence in myself to sort out problems. Thank you John for all your hard work in what was a very difficult case. John was extremely professional & helpful throughout the whole process
It was a pleasure dealing with him. John made the whole process very simple. I would willingly recommend him to my friends for financial advice. As a Chartered Financial Planner of 40 years, the knowledge, professionalism and gracious persistence John displayed in executing a legally trying equity release mortgage, was first class. Very professional service with a complete knowledge of the various markets and availability of deals. Have already recommended with absolutely no qualms at all. John guided us through the process every step of the way and made it stress free. He gave us invaluable insight to help us make an informed decision. John’s knowledge in this field is second to none and we couldn’t recommend John highly enough.

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Mortgage Broker Sussex

[H3] Mr & Mrs B from Sussex
Aged 70 & 74. Property Value £165,000. An initial release of £26,400 for debt consolidation, minor home improvements, holidays for the year ahead and Birthday/Christmas spending on their family. Further (annual) sums have since been drawn to continue provision for the annual costs of holidays, birthdays and Christmas presents for their every growing family.

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Mortgage Broker Sussex

[H3] Mr & Mrs P from Hampshire
Aged 67 & 65, Property Value £300,000 outstanding mortgage of £56,000 with a term due to expiry, Other debts of £17,000, Total Monthly Cost of £540. Total Release of £74,500 to repay in full all debts and initial set up costs, interest to be serviced as equivalent monthly cost is lower at circa £400pm and capital ultimately repaid on death from the estate.

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Mortgage Broker Sussex

[H3] Mr & Mrs S from Guildford
Recently retired Mr & Mrs S had means of ‘paying’ interest and possibly even mortgage loan capital but they found that ‘normal’ mortgage lending was restricted. To fund renovations on their new property, the couple opted for a small £30,000 release, made on a value of approximately £330,000. They are now looking to release further funds to indulge their ‘bucket list’!

[H3] Welcome to Your Quarterly Update

[H3] What’s the best equity release scheme?
[IMG: Senior couple planning their investments with financial adviser in living room]
[H3] What happens to my equity release plan if I go into long-term care?
Equity Release Sussex is a trading style of The Later Life Lending Network Limited, an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority (Ref – 649443). Registered in England and Wales no. 09832887. Registered address: 70 St. Johns Close, Knowle, Solihull, England, B93 0NH.
For Independent Equity Release advice we do not charge any upfront fees however,
a fee of up to 1% of the total cash facility arranged is payable (subject to a typical minimum charge of £1,295) on completion for our service in relation to lifetime mortgage contracts plus commission from the lender.

The exact amount will depend on the complexity and work involved in your case and will be confirmed by way of a formal fee agreement.
For Independent Mortgage Advice we charge a fee of up to 1% of your mortgage amount payable (subject to a typical minimum charge of £295 payable on application & £300 on completion (£595 in total) plus commission from lender. The exact amount will depend on the complexity and work involved on your case and will be confirmed by way of a formal fee agreement.
The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK

A property asset may well be the largest investment you will ever make but obtaining finance for a house or flat can be a complicated process that’s hard to navigate on your own. Whether you are buying a new home, looking to remortgage an existing property or raise capital for other projects, there’s such a wealth of choice out there, you need expert help to guide you through the maze.
John Whyte is an Independent Mortgage Broker with over 25 years’ financial services experience and an in-depth knowledge and understanding of the many different mortgage types and products on offer. As a specialist mortgage adviser, he will research the mortgage market to source the most suitable product for your personal circumstances and financial objectives and find you the best deal.
When you move home, you can transfer your current mortgage to the new address or take the opportunity to find a new deal, with a different mortgage company. We can explain the pros and cons of each option in detail and advise you on which path we think might work best for you.
Remortgaging a property means switching your existing mortgage to a new deal or lender, using the same property as security. You might be looking for a better deal at the end of a fixed term, finance to buy a second home, make home improvements or consolidate debt. Whatever the reason, we have a deep knowledge and experience of the market to give you the best professional advice.
Consumer buy-to-let mortgages are intended to help non-professional or ‘accidental’ landlords to buy a property for letting to tenants. They are regulated as residential mortgages and offer considerable consumer protection, albeit with additional lending criteria and affordability calculations. For details, please make an enquiry here.
Commercial buy-to-let mortgages are not regulated by the Financial Conduct Authority and are a very different kettle of fish to the residential market. They are designed for professional landlords who operate their residential and/or commercial property portfolios as a business. If you need help with commercial financing, please get in touch.
A second charge mortgage relies on the equity you have built up in your home to be used as a security for a second mortgage on the same property. Sometimes used as an alternative to remortgaging, it’s a complex field that we would highly recommend getting expert advice on before you enter into any agreement.
If you are of retirement age and wish to take out a mortgage, there are now more choices than ever before. In order to be accepted for a mortgage, you will need to pass affordability criteria, meaning a good source of income (earned income, pensions or savings income) will be required. For more information, click here.
With a standard interest-only mortgage, only the interest is being repaid every month for a fixed period. With an RIO, there is no fixed term; instead the loan will be repaid when you sell the property, move into long-term care of pass away. If this or any other equity release schemes are of interest to you, please get in touch.
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[H3] Make the right choices
I can help you work out what you can afford and the products available to you

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[H3] Assess the Market
Be open to all the possible options to keep repayments affordable

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[H3] Worry & stress free options
I’ll provide you with all of my knowledge and experience to help you

Did you know there are thousands of mortgage products available in the market place? With such a wealth of choice, comparing the market and identifying the right product to suit your particular circumstances is a mammoth task that you would struggle with on your own. We have systems and processes in place to cover the market quickly and methodically, plus a thorough knowledge of the mortgage market to navigate to a short list of products that meet your criteria.
Working with John Whyte means you have a seasoned expert by your side to ensure your application has the best chance of succeeding.
Whatever mortgage product you choose, we will guide you through everything you need to know, after which you will automatically become part of our regular mortgage review service we provide to all our clients. We operate in Brighton, Eastbourne, Chichester, and all across East Sussex and West Sussex. Get in touch today.
For Independent Mortgage Advice we charge a fee of up to 1% of your mortgage amount payable (subject to a typical minimum charge of £295 payable on application & £300 on completion (£595 in total) plus commission from lender.
The exact amount will depend on the complexity and work involved on your case and will be confirmed by way of a formal fee agreement.
To understand the features and risks, ask for a personalised illustration.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGES OR OTHER LOAN SECURED ON IT.THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
How much can I borrow?
If you’re looking for a mortgage, the maximum amount you can borrow will depend on your income (and the income of any joint applicant), your outgoings and the deposit you are able to put down. Lenders typically offer an amount 4-5 times your income. If you are borrowing with a partner, your incomes may be combined and a lower multiplier used, or the larger income multiplied and the smaller income added. As independent mortgage brokers, we can help you apply for a mortgage in principle. If you’ve already found a property you wish to buy, we can check the best mortgage rates that are available to you, so you can make an informed decision.
What are the different types of mortgages available?
The mortgage market is vast and varied, and one of the main market distinctions is between repayment and interest-only mortgages, with the latter leaving the original loan to be paid off at the end of the term. There are standard variable rate mortgages, fixed-rate, capped-rate, and tracker mortgages, help-to-buy and buy-to-let mortgages, and later life mortgages – and it can be rather confusing to decide which is right for your needs. We offer independent specialist advice to talk you through all the available options in plain English and help you choose the mortgage product that best meets your requirements and financial circumstances.
What is the best type of mortgage for me?
Choosing the right mortgage is a huge decision that will affect your financial situation for decades. With so many options available, it can be a difficult and confusing process to work out which type of mortgage best suits your needs, especially if you’re a first-time buyer. If you’re struggling to find a way forward, please come and speak to us. We are highly experienced independent mortgage brokers with access to the whole of the market. We can explain all the different available mortgage products to you and outline the pros and cons of each, guiding you safely to the right decision for your needs.
Are mortgage broker fees worth paying?
You can obtain a mortgage directly from a mortgage company or through a mortgage broker. Going through an independent broker such as John Whyte has several advantages. Since we are not tied to any banks, building societies or other lenders, we have access to the whole of the mortgage market to get you the best mortgage deal, even with a complicated financial history. The cost of a mortgage broker can vary from £400-£500 to no fee at all (commission-based), however the fee can be made back very quickly with a competitive mortgage deal that can result in big savings over the longer term.
Ask Today!

[H3] Welcome to Your Quarterly Update

[H3] What’s the best equity release scheme?
[IMG: Senior couple planning their investments with financial adviser in living room]
[H3] What happens to my equity release plan if I go into long-term care?
Equity Release Sussex is a trading style of The Later Life Lending Network Limited, an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority (Ref – 649443). Registered in England and Wales no. 09832887. Registered address: 70 St. Johns Close, Knowle, Solihull, England, B93 0NH.
For Independent Equity Release advice we do not charge any upfront fees however,
a fee of up to 1% of the total cash facility arranged is payable (subject to a typical minimum charge of £1,295) on completion for our service in relation to lifetime mortgage contracts plus commission from the lender.

The exact amount will depend on the complexity and work involved in your case and will be confirmed by way of a formal fee agreement.
For Independent Mortgage Advice we charge a fee of up to 1% of your mortgage amount payable (subject to a typical minimum charge of £295 payable on application & £300 on completion (£595 in total) plus commission from lender. The exact amount will depend on the complexity and work involved on your case and will be confirmed by way of a formal fee agreement.
The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK

[H2] Talk to us today about equity release by calling 01903 254993 or by the form below.
John Whyte Equity Release Specialist
[H3] I’m happy to answer your questions
If you would like us to contact you, please fill in your details below and we will be in touch as soon as possible. Any initial discussions or meetings are completely free of charge and without obligation of any kind.
To download my privacy policy, please click here
[H3] Office address
139 Rectory Road
West Worthing
West Sussex
BN14 7PH
[H3] Contact details
01903 254993
tim@equityreleasemidlands.com
[H3] Registered address of Equity Release Sussex'
5 Elizabeth Mews
Woodland Avenue
Worthing
West Sussex
BN13 3FL
[H3] Accreditations
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Equity Release Sussex is a trading style of The Later Life Lending Network Limited, an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority (Ref – 649443). Registered in England and Wales no. 09832887. Registered address: 70 St. Johns Close, Knowle, Solihull, England, B93 0NH.
For Independent Equity Release advice we do not charge any upfront fees however,
a fee of up to 1% of the total cash facility arranged is payable (subject to a typical minimum charge of £1,295) on completion for our service in relation to lifetime mortgage contracts plus commission from the lender.

The exact amount will depend on the complexity and work involved in your case and will be confirmed by way of a formal fee agreement.
For Independent Mortgage Advice we charge a fee of up to 1% of your mortgage amount payable (subject to a typical minimum charge of £295 payable on application & £300 on completion (£595 in total) plus commission from lender. The exact amount will depend on the complexity and work involved on your case and will be confirmed by way of a formal fee agreement.
The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK

We wish to thank you for the exceptional way you dealt with our recent Equity Release drawdown.
You gave us a clear path that we should follow and carried out all of the stages in a very professional way, keeping us informed at each step. You dealt with us in a very empathetic way,
Keeping in mind our age and the exceptionally stressful situation we found ourselves in.
We would recommend you to anyone in a similar situation to ours.
Once again many thanks for all the help you gave us.
Richard and Carol Edwards – Caerphilly South Wales, Caerphilly South Wales

It is a long held belief that you should borrow as much as you can for as long as you can, the rationale being that, over time, house price inflation will wipe out the debt. Being of a certain age, the term of any conventional mortgage becomes increasingly limited and so to be presented with so many options through the Canada Life product made it a ‘no-brainer’. Sincere thanks to John for introducing this product to me in an entirely professional and informed manner.
Richard Mathieson – Cheltenham, Cheltenham

I don’t think that we would have got a mortgage without John. He was highly efficent and always dealt with issues promptly. After a couple of false starts due to our circumstances, our third mortgage application was approved four days after the application was submitted and that saved our purchase which was on a tight deadline. So a big thank you to John and we highly recommend his services.
Tony Morris-Davies – Surrey, London

I cannot thank John enough for helping my husband and I start to get a grip on our finances. Like many people we have a mortgage and had not really thought about things. We just paid it without thinking. Life events – my husbands ill health made us take stock. Firstly John helped us with our home mortgage and now he is sorting out our buy to lets. He has been so helpful and really made sure we knew what we were doing. No pressure and each step clearly laid out with time for us to think things through and ask questions. The lifting of the stress it had been causing is great and I feel in control.
Mr & Mrs Deacon-Hedges – Hove, Hove

John was extremely professional and helpful, particularly when a surveyor from the first company approached would not provide a value as it was deemed an adjacent property was commercial. Within a very short period John had alternate providers lined up and the whole process went very smoothly indeed.
Paul Stafford – Forect of Dean, Coleford

John was very helpful and guided me through the process, made sure that everything was going along as it should.
I would recommend him to my friends.
Margaret Lewis – Haverfordwest. Wales, Haverfordwest. Wales

We Can Highly Recommend John Whyte
He was very Professional and Caring and guided us through the whole procedure of Equity Release
Myself and My Family are so pleased as it has enabled us to stay in our Home
Many Thanks to you John
Julie and Caroline
Caroline Thomas – Worthing, Worthing

Initially we were both unsure of the ins and outs of equity release. John was recommended to us and after a phone call John said he was in our area and would pay us a visit in Wales.
John was wonderful explaining everything in simple terms for us and he was very patient with our questions. Because of John it all worked seamlessly and in a timely manner.
Its also good to know that we can contact John at any time if needed.
Would highly recommend John.
Christopher Williams – Wales, Wales

Very professional service. Listened to our requirements, found very suitable plan and explained the terms very fully and very simply, answering all our questions. Very impressed.
Vaughan Kerry – Cheltenham, Cheltenham

Would highly recommend Johns company. Everything was explained to us clearly and we’re very happy with the whole process.
Rosie Latchford – Cheltenham, Cheltenham

Excellent service John was very helpful and knowledgeable everything went smoothly Would thoroughly recommend John
Angela Ross, Shoreham

John had the task of sourcing and arranging a tricky remortgage and I cannot fault any aspect of the service we received. Great communication throughout the process, incredibly diligent when sourcing the right mortgage for us, and was on hand to provide us with support and guidance from start to finish.
I cannot recommend John highly enough to anyone looking for mortgage advice.
Thank you John.
Chris R, West Sussex

John is the consumate professional in this area and really knows his subject inside out. He is always on the ball and constantly ready to chase things through to completion. His friendly manner and great customer service are the icing on the cake. Would recommend John to anyone.
Mr & Mrs Hill, Worthing, Worthing

Right from the start John displayed a calm, efficient knowledgable persona and helped guide us through the field. Any questions asked were always dealt with quickly and accurately and made for a pain free process. Thank you John.
Graham Devenish – Worthing, Worthing

We were referred to John through a family member. We found him very helpful and very patient in explaining everything to us. There were a couple of hiccups along the way but John dealt with them as quickly as possible and put our minds at rest. We would not hesitate to recommend him to anyone considering Equity Release.
Douglas Mason and Linda Summerfield – Eastbourne, Eastbourne

Very professional and pleasant to deal with. John took great care to make sure we got the best deal and even nudged our solicitor along to ensure we didn’t miss our deadline before the rate went up. Highly recommended
Jan Godfrey – Rustington, Rustington

Throughout a number of financial arrangements, John has taken us through the minefield of the necessary steps with clear guidance and aplomb. We do recommend his professionalism very highly.
John Marshall – East Sussex, East Sussex

Can highly recommend JOHN,he was first class through out are equity release.Everything was explained in a clear manner and if necessary John was happy to go over everything a second time..Always supportive throughout and always available to offer advice and encouragement.Was quick to react to all eventualities
A gentleman and myself and my wife are grateful for his help.
John Stewart – Middlesborough, Great Ayton North Yorkshire

I first saw John in 2019, at that time we agreed that equity release was not for me, however after the covid pandemic my situation changed and I contacted him again, John takes great care to make sure everything is explained fully, I am very pleased with the service provided and confident with my choice.
Katie – East Preston, East Preston

John was brilliant during all phases of our equity release process. Clear, supportive and above all : quick to react to all our various Queries.
Mr & Mrs Keene – London, London

Always a pleasure working with John informative trustworthy patient I don’t think I could trust anybody else !
Lorraine Peel – Littlehampton, Littlehampton

From the very first meeting I knew that John would be on my team. He is thoroughly professional but with a light and approachable touch. I would recommend this man highly for his knowledge and expertise. He found us a lifetime mortgage deal when others had turned us away. I’ve already recommended him to my sister. Thank you, John, for all your hard work.
Richard Procter – Lancing, Lancing

I can highly recommend John Whyte 100% ….
He is patient, explains in full if you don’t understand he will make it simpler to understand. He will NOT leave you wondering what he was talking about. He was never ‘pushy’ in anyway in fact he was the other way making sure WE were happy with the transaction. John was very quick with replies and was always at the end of the phone. Because we are not really ‘techno bods’ everything was done the old fashioned way through the post or even hand delivered.I only wish more people were like John. Thank you
Lorraine Sharp, Littlehampton

John Whyte was the only financial adviser who was able to source a company that was willing to provide equity release on my property due to its location. He was extremely easy to deal with, and was helpful and supportive at all times. He made the whole process straightforward, and even managed to find a solicitor that provided this service in my part of the UK.
Mark Raeburn, Glasgow

I am so glad I contacted John Whyte to guide me through equity release. He made it a very straightforward process and ensured I had a good understanding of what I wanted to achieve and how to do it. Very professional and approachable and responsive. Thank you John I am very happy with the outcome. Highly recommend John.
Ann Griffin –, Worthing

John is one of the most professional people that I have ever had the good fortune to meet. His attention to detail is outstanding and he always gives off his best. After being given some wrong advice by another company it took longer to sort out my business with John than it would the average person. This was not John’s fault. However with Johns help and diligence in guiding me through what was an absolute quagmire I managed to achieve my goal and I have gained confidence in myself to sort out problems. Thank you John for all your hard work in what was a very difficult case.
Margaret Selby, Hampshire

John was extremely professional & helpful throughout the whole process
It was a pleasure dealing with him. John made the whole process very simple. I would willingly recommend him to my friends for financial advice.
Rita Lloyd, Brighton

Absolutely first-rate service from John.
His expertise is outstanding and related advice so clearly communicated.
John’s attention to detail and his go-the-extra-mile monitoring of the process, made it stress free.
Overall it was a pleasure having John lead for us.
Steve & Karen Clayton, worthing

John is the ultimate professional, both in advice and approach to whatever problem you throw at him! Have already recommended him to friends, will definitely be going back to him when the time comes to re-jig!
Mrs Vidler – Anglesey, Wales

John was extremely helpful. He explained all the details of equity release very clearly . we would recommend him.
John & Sue Head, East Sussex, peacehaven

I would publicly like to THANK John for his tough persistence and tenacity in seeing the job of an equity release on my property through. It would not have happened without him. For a number of times I was close to giving up, no longer have the energy or powers of concentration to be dealing with the legalistic minutiae or sheer incompetence of a number of the parties involved. However his polite probing, discreet phone calls, checking that all the i’s were dotted and t’s crossed kept the applecart moving and a successful completion. Undoubtedly a good person to have in your team.
Mr Tiranti – East Sussex, Brighton & Hove

John guided us through the process every step of the way and made it stress free. He gave us invaluable insight to help us make an informed decision. John’s knowledge in this field is second to none and we couldn’t recommend John highly enough.
Gill & Phil Baker – Worthing, Ferring

I have recently had dealing with John Whyte regarding Equity Release. John to me through the whole process explaining everything in detail and answering my questions. There were a few hiccups along the way, but John dealt with these in a very professional way and kept me informed. John went above and beyond and I have no hesitation in highly recommending John Whyte.
Andea Knight – Lancing, West Sussex, Lancing, West Sussex

With John’s help over a two year period we have managed (finally!) to complete a long term plan to raise a lifetime mortgage secured against our “downsize” home. There were difficulties to circumvent. The property was a new build apartment which we had committed to purchase at the “hole in the ground” stage of a large apartment development. Although that matter had been dismissed as “no problem at all” by other advisers this did turn out to be a real problem in practice – a problem which was further compounded by long delays in the build programme due to pandemic effects on materials and labour availability.
Eventually we had to raise the cash to complete the purchase of the property by liquidating our income generating savings – but we then found, even as 100% owners, that we were still getting multiple rejections from Lifetime Mortgage providers (all of them – as it turned out!). It was John who discovered the cause of these setbacks – a combination of an obscure effect of unintended implications in the drafting of the 1988 Housing Act and the proposed level of ground rent defined in the lease of our downsize property. (This problem should have been discovered by our solicitor before we signed the contract of course – but it was not)
Using his effective relationship with lifetime mortgage providers John managed to persuade a provider to amend their standard lending terms to allow our application to proceed – which I understand is virtually unheard of.
With John’s help we have now completed the final stage of our “later life” financial plan – a lifetime mortgage secured against our “downsize and forever” new home. This has released the cash we had raised to complete the purchase and income streams can therefore now be restored. And we can get on with enjoying the rest of our lives.
If you are considering taking out a lifetime mortgage and seeking an independent adviser with a wide knowledge of the market and with a dedicated application to your requirements (even if these might turn out to be not as straightforward as was expected – as was our case) we would have no hesitation whatsoever in recommending John as an excellent choice.
Mr & Mrs Hilton – Worthing, Worthing, West Sussex.

John provided us with a first-class service despite a particularly challenging set of problems.
His friendly and clear approach was refreshing, and his focus on us (the customer) was always apparent during some frustrating setbacks (which were completely outside of his control).
I would have absolutely no hesitation in recommending him.
Mr & Mrs H – Storrington, Storrington

John came highly recommended by a family member; He is extremely professional and very thorough; we had several face-to-face meetings to ensure the mortgage offers were right for us and kept us updated on the progress right through to completion.
John Horspool – Littlehampton, West Sussex

This is the second time that I have used John. I was able to cancel the original Equity Release mortgage and renew at a substantially reduced interest rate. The renewal was complicated by a restriction on the Land Registry and other problems. John acted efficiently and professionally in assisting in the resolution of the difficulties and was always available to guide and reassure. I would have no he

[H3] Equity Release Mortgages
Equity release refers to a range of financial products that let you access the equity (cash) tied up in your home if you are over the age of 55. You can take the money you release as a lump sum or in several smaller amounts or as a combination of both. You don’t need to have a fully paid off mortgage in order to be eligible for equity release.
To understand the features and risks of a lifetime mortgage, please ask for a personalised illustration or simply for initial advice.

[H3]
What is a Lifetime Mortgage?

With a Lifetime Mortgage, you take out a mortgage secured on your property provided it is your main residence, while retaining ownership. You can choose to ringfence some of the value of your property as an inheritance for your family. You can choose to make repayments or let the interest roll up. The loan amount and any accrued interest is paid back when you move into long-term care, or when you pass away.
If you have no-one to leave your assets to after your death, this could be a sensible way to raise cash in your autumn years. If you have someone you wish to inherit, taking out a Lifetime Mortgage means there is likely to be less to pass on to them.
A Lifetime Mortgage is for those aged 55+ and it is different to a regular mortgage. Here’s a recent blog post that explains more. If you feel that a standard mortgage would be more appropriate for you, click here to find out about our Independent Mortgage Advice Service.
Read more

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What is a Home Reversion Plan?

You need to be aged 65+ to qualify for a Home Reversion Plan. This involved the sale of part or all of your home to a home reversion provider in return for a lump sum or regular payments. You have the right to continue living in the property rent free until you pass away, but you have to maintain and insure the building.
You can ringfence a percentage of your property for later use, possibly for inheritance. The percentage you retain will always remain the same regardless of the change in property values, unless you decide to take more cash releases further down the line. At the end of the plan your property is sold and the sale proceeds are shared according to the remaining proportions of ownership.
While Lifetime Mortgage have fixed or capped interest rates, Home Reversion Plans have fixed ownership percentages. This makes them more financially favourable in a static housing market, and less favourable if property prices rise significantly.
We do not offer advice on home reversion plans but can arrange for a suitable referral to be made
Read more

Graham Devenish – Worthing,

Right from the start John displayed a calm, efficient knowledgable persona and helped guide us through the field. Any questions asked were always dealt with quickly and accurately and made for a pain free process. Thank you John.
Douglas Mason and Linda Summerfield – Eastbourne,

We were referred to John through a family member. We found him very helpful and very patient in explaining everything to us. There were a couple of hiccups along the way but John dealt with them as quickly as possible and put our minds at rest. We would not hesitate to recommend him to anyone considering Equity Release.
Jan Godfrey – Rustington,

Very professional and pleasant to deal with. John took great care to make sure we got the best deal and even nudged our solicitor along to ensure we didn’t miss our deadline before the rate went up. Highly recommended
John Marshall – East Sussex,

Throughout a number of financial arrangements, John has taken us through the minefield of the necessary steps with clear guidance and aplomb. We do recommend his professionalism very highly.
John Stewart – Middlesborough,

Can highly recommend JOHN,he was first class through out are equity release.Everything was explained in a clear manner and if necessary John was happy to go over everything a second time..Always supportive throughout and always available to offer advice and encouragement.Was quick to react to all eventualities
A gentleman and myself and my wife are grateful for his help.
Katie – East Preston,

I first saw John in 2019, at that time we agreed that equity release was not for me, however after the covid pandemic my situation changed and I contacted him again, John takes great care to make sure everything is explained fully, I am very pleased with the service provided and confident with my choice.
Mr & Mrs Keene – London,

John was brilliant during all phases of our equity release process. Clear, supportive and above all : quick to react to all our various Queries.
Lorraine Peel – Littlehampton,

Always a pleasure working with John informative trustworthy patient I don’t think I could trust anybody else !
Richard Procter – Lancing,

From the very first meeting I knew that John would be on my team. He is thoroughly professional but with a light and approachable touch. I would recommend this man highly for his knowledge and expertise. He found us a lifetime mortgage deal when others had turned us away. I’ve already recommended him to my sister. Thank you, John, for all your hard work.
See All Testimonials

The equity in your home is calculated as the market value of the property, from which any outstanding mortgage or other debts secured on it have been deducted. Over the past decades, property values in the UK have risen substantially, meaning you could have accumulated a large amount of equity in your home if you bought it some time ago, and even more so if you own your home outright.
As an example, if your home has been valued at £400,000 and your mortgage is paid off, the equity you have in your home is £400,000. If your home has been valued at £400,000 and there is an outstanding mortgage of £100,000 still to pay, your equity would be £300,000.
Provided you meet the eligibility criteria for equity release, and depending on your age and personal circumstances, it is usually possible to release between 20% and 50% of the equity in your home. You can use our simple form to find out how much you can release from your home here.
Equity release schemes, their providers and advisers are regulated by the Financial Conduct Authority (FCA), while the financial products themselves also give some assurances. The Equity Release Council (ERC) is the trusted industry body ensuring good safeguarding and standards for consumers – you can read more about its role here.
Crucially, ERC policy includes a ‘no negative equity guarantee’, meaning you can never owe more than the value of your property, regardless of how house prices change. You also have the freedom to transfer your equity release plan to another property without incurring penalty payments, should you decide to move house.
It cannot be stressed enough that you should always check the ERC register to make sure that the equity release adviser or company you are dealing with is a member and abides by its code of practice. With 20 years’ experience in the financial services industry, John Whyte is an equity release specialist and holds the CeRER Certificate in Regulated Equity Release, an FCA approved Level 3 qualification. He is a member of the Equity Release Council – you can check his member listing here.
Equity release is fast becoming a popular, financially viable way to unlock some or all of the funds tied up in your home while you remain living there. While there are many reasons people choose equity release, the cash can be used for anything you like – it is after all your money to do with as you please.
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[H3]
What is a Home Reversion Plan?

[H3] Pay off an Existing Mortgage
Are you one of the thousands of people with an interest-only mortgage due to mature but with no means of repaying the capital balance outstanding or the affordability to switch to capital repayments?

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[H3]
What is a Home Reversion Plan?

[H3] Home Improvements
Is it time to ‘future-proof’ the house
and invest in the kitchen, bathroom, a conservatory or extension so you don’t have to worry in life? Or maybe you need to update the car to something newer?

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[H3]
What is a Home Reversion Plan?

[H3] Release Cash
Are you finding that, now you are retired, your income has reduced but your leisure spending gone up? Equity release can be the perfect option to spend more time with the family on holiday, or take that
trip of a lifetime.

Equity release is a big decision, and there are obvious family issues to consider before you proceed with any plan. Whatever you decide will not only affect your life but theirs too! We always advise holding a family discussion to ensure that everyone who may be involved is aware of the implications with regards to your living situation, the family home and inheritance matters.
Many of our enquiries emanate from family members encouraging grandparents and parents to use their asset of the property to provide for a more comfortable retirement, whether it’s for debt consolidation, home improvements, income or so-called ‘luxuries’ like cars and holidays.
If there is no family, we would recommend a close personal friend or trusted neighbour be involved, particularly if the person is on their own.
Is equity release right for you? Before you say ‘yes’, it’s a good idea to review all the options on the table to help you raise the funds you need. You may have other savings or investments you could draw on. You may have rental income from a second property. You may wish to continue working, perhaps on a part-time basis. You may be able to rent out a spare room. It’s important to look at all the possibilities, including equity release, to help you establish the best course of action for your personal circumstances.
One of the most obvious alternatives to equity release is to sell your current home and downsize to a smaller, easily maintainable and cheaper property, making the net proceeds available for you to spend. Do make sure you carefully consider the personal and social impact of moving away from your family and friends, if downsizing means leaving the area. Here are 4 key questions you should be asking. There is also the cost of moving to consider – estate agent fees, removal costs, stamp duty – which can eat into your net proceeds.
As financial advisers specialising in equity release, we start with getting to know you as a client. This involves an initial appointment to introduce John Whyte as an independent adviser, who TRM Financial Ltd are and outline our service and how we are remunerated (we do not charge any upfront fees so meetings are free and without obligation).
What follows is a discussion and fact-finding session about your personal and financial circumstances followed by a generic overview of what equity release is and how this may meet your needs, answering any questions you may have at this stage. We then research the market fully and make a client specific recommendation based on the information we have. This also includes a benefits check to ensure you are receiving any benefit entitlement, typically pension or savings credit, and the impact equity release may have on this. A second appointment would then be arranged for us to present our recommendations and, if acceptable, complete an application.
From the point of application to completion, the average time is 5-6 weeks for a standard case. However, if there are unregistered properties, transfers of ownership (i.e. sole to joint names) or managing agent’s enquiries (leasehold properties) to deal with, it can take longer.
For a free, no obligation, initial discussion to start exploring your options and the support we can give you when choosing the right scheme for you and your family, please get in touch. John Whyte works across South East England, travelling across Brighton, Sussex, London and further afield, always happy to meet clients and explain all the options available in person.
Ask today

[H3] Welcome to Your Quarterly Update

[H3] What’s the best equity release scheme?
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[H3] What happens to my equity release plan if I go into long-term care?
Equity Release Sussex is a trading style of The Later Life Lending Network Limited, an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority (Ref – 649443). Registered in England and Wales no. 09832887. Registered address: 70 St. Johns Close, Knowle, Solihull, England, B93 0NH.
For Independent Equity Release advice we do not charge any upfront fees however,
a fee of up to 1% of the total cash facility arranged is payable (subject to a typical minimum charge of £1,295) on completion for our service in relation to lifetime mortgage contracts plus commission from the lender.

The exact amount will depend on the complexity and work involved in your case and will be confirmed by way of a formal fee agreement.
For Independent Mortgage Advice we charge a fee of up to 1% of your mortgage amount payable (subject to a typical minimum charge of £295 payable on application & £300 on completion (£595 in total) plus commission from lender. The exact amount will depend on the complexity and work involved on your case and will be confirmed by way of a formal fee agreement.
The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK

[H2] What Are Our Options?
There is a growing number of traditional lenders (particularly building societies) in the mainstream mortgage market who will lend beyond the traditional retirement age of 65 subject to affordability.
This therefore requires suitable income sources ie employment, self-employment and pensions (state and private) with some even using investment and rental property profits. If your pension income in particular is of a good level then there is every chance we could find you a mortgage up to an age of 80 / 85.
[H4] Later Life Mortgages
If you are of retirement age and wish to take out a mortgage, there are now more choices than ever before. In order to be accepted for a mortgage, you will need to pass affordability criteria, meaning a good source of income (earned income, pensions or savings income) will be required. For more information, click here.
[H4] Retirement Interest Only Mortgages (RIO)
With a standard interest-only mortgage, only the interest is being repaid every month for a fixed period. With an RIO, there is no fixed term; instead the loan will be repaid when you sell the property, move into long-term care or pass away. If this or any other equity release schemes are of interest to you, please get in touch.
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The market has also developed a ‘retirement mortgage’ which starts out as a ‘traditional’ interest only mortgage where you make a monthly payment to cover the interest but gives you the option (at age 80) to ‘switch’ to ‘rolled-up’ interest.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER LOAN SECURED ON IT.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
To understand the features and risks of a lifetime mortgage, please ask for a personalised illustration
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[H3] Make the right choices
I can help you work out what you can afford and the products available to you

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[H3]
[H3] Assess the Market
Be open to all the possible options to keep repayments affordable

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[H3]
[H3] Worry & stress free options
I’ll provide you with all of my knowledge and experience to help you

Ask Today!

[H3] Welcome to Your Quarterly Update

[H3] What’s the best equity release scheme?
[IMG: Senior couple planning their investments with financial adviser in living room]
[H3] What happens to my equity release plan if I go into long-term care?
Equity Release Sussex is a trading style of The Later Life Lending Network Limited, an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority (Ref – 649443). Registered in England and Wales no. 09832887. Registered address: 70 St. Johns Close, Knowle, Solihull, England, B93 0NH.
For Independent Equity Release advice we do not charge any upfront fees however,
a fee of up to 1% of the total cash facility arranged is payable (subject to a typical minimum charge of £1,295) on completion for our service in relation to lifetime mortgage contracts plus commission from the lender.

The exact amount will depend on the complexity and work involved in your case and will be confirmed by way of a formal fee agreement.
For Independent Mortgage Advice we charge a fee of up to 1% of your mortgage amount payable (subject to a typical minimum charge of £295 payable on application & £300 on completion (£595 in total) plus commission from lender. The exact amount will depend on the complexity and work involved on your case and will be confirmed by way of a formal fee agreement.
The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK