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 Truro and the surrounding area, and issues encountered by customers looking to release equity from their homes, then please contact us.

Overview

Truro is a city located in Cornwall, England. It serves as the administrative centre of Cornwall and is known for its historic architecture, including the impressive Truro Cathedral.

Here, you can discover important aspects of the housing market in Truro, along with the possible difficulties one may encounter when considering equity release from properties within the city and its surrounding countryside.

Housing Stock in Truro

Historic Properties

Truro features a range of historic properties, including Georgian and Victorian houses. The city’s historic character is reflected in its architecture, with charming period buildings often found in the city centre.

• 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

Like many urban areas, Truro has experienced new housing developments on its outskirts. These developments may include modern apartments, townhouses, and other contemporary housing options.

• 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.

Rural Surroundings

Cornwall’s unique landscape means that some properties in and around Truro might be in more rural or semi-rural settings.

• Agricultural Buildings & Farm Houses: certain lenders with consider applications from converted agricultural buildings, such as barn conversions, as well as older farm houses.

Cottage-style Housing

Cornwall’s architectural style often includes cottage-like buildings with stone or cob walls, thatched roofs, and other traditional features. Houses in many of the villages around Truro may include such properties.

• Mundic Concrete: releasing equity from older concrete mundic properties in Cornwall is possible depending upon a survey establishing the grade of mundic involved in construction.
• Securing equity release against historical properties including cottages with stone or cob walls, and even thatched roofs, is possible.

Diverse Property Types

Truro’s housing options encompass a variety of property types, from detached and semi-detached houses to flats, apartments, and cottages.

• 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.
• 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.

Get in touch

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