Working with an equity release advisor that knows:

• the types of properties in your area
• the issues with releasing equity from them
• the right lenders to approach…

Can help you get the best deal!

For more information on the types of property found in Exeter, and issues encountered by customers looking to release equity from their homes, then please contact us.

Overview

Exeter is a historic city located in the county of Devon, England. The housing stock in Exeter is quite diverse, ranging from historic buildings in the city centre to modern developments on the outskirts.

Here are some key characteristics of Exeter’s housing stock and the potential challenges faced when releasing equity from properties there.

Housing Stock in Exeter

Historic Properties

Exeter boasts a rich history, and as such, it has a significant number of historic properties, including Georgian and Victorian-era houses. These properties contribute to the city’s unique charm and character.

• Some equity release products might be challenging to apply to historic properties due to preservation regulations, property condition, or other unique factors.
• We have experience of arranging equity release for historic properties, including for Grade II listed buildings.

New Developments

The outskirts of Exeter have witnessed substantial growth in new housing developments. These modern properties often come with contemporary designs and amenities, catering to the demand for new housing.

• Valuing newly developed properties tends to be more straightforward, with readily available recent surveys that can streamline the application process.
• Equity release lenders tend to have an appetite to loan against new build developments.

Rental Market & Student Accommodation

The city’s housing market includes a strong rental sector, accommodating both students and professionals who prefer renting over owning.

Due to the presence of the University of Exeter, there is a considerable market for student accommodation. This includes purpose-built student housing as well as conversions of existing properties into flats or houses for students.

• In the current market equity release against ‘but-to-let’ accommodation is unfortunately not supported.

Variety of Property Types

Exeter offers a range of property types, including detached and semi-detached houses, apartments, terraced houses, and cottages, catering to different preferences and lifestyles.

We have experience is securing loans against a wide variety of property types in and around Exeter. For example:

• Securing equity release against historical properties including cottages with stone or cob walls, and thatched roofs, is possible.
• Self-build, new build, houses such as eco houses (with non-standard construction) can also be loaned against subject to surveyor’s comments and valuation.
• Residential properties bordering on commercial premises: in city centres many flats and apartments are adjacent to commercial sites such as shops and offices. We have access to lenders that will consider applications on such properties.

Get in touch

If you are looking for equity release advice on property in Exeter, including if you have previously been refused a loan, then please contact us for help and advice.