MANCHESTER EQUITY RELEASE

​​Manchester is one of the fastest growing cities in the UK, with its population continuing to grow.  

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Equity release is becoming an increasingly viable option for homeowners across Greater Manchester, where average house prices are currently around £258,000.

 

While this figure varies by borough—with Trafford exceeding £420,000 and areas like Wigan and Oldham averaging closer to £200,000—many over-55s are sitting on significant amounts of property wealth.

 

This makes equity release an attractive solution for those seeking to supplement retirement income, fund home improvements, or provide financial support to family members. The amount of equity that can be released depends largely on the property’s market value, the homeowner’s age, and any outstanding mortgage. In Greater Manchester, where house prices are generally more affordable than southern regions, equity release may offer modest but meaningful sums—particularly for mortgage-free homeowners in higher-value areas like Trafford or Stockport.

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If you want to stay in your Manchester home, but need extra pension funds, then please contact us at Viva Retirement Solutions to see how we can help.

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Wherever you live in Greater Manchester, if you are looking to release equity from your home or are interested in a lifetime mortgage, Viva Retirement's award winning service is here to help you achieve your financial goals.