Equity Release
Equity release is a tax-free way to release some of the cash tied up in your home, without moving house. You can use the money however you want. And you choose whether or not to make monthly repayments.
Lifetime Mortgages
Releasing equity from your home by way of a Lifetime Mortgage, provides clients over the age of 55 the facility to release funds for a variety of purposes.
Some examples of uses for our clients can be seen below;
- Repayment of existing mortgage
- Repayment of unsecured debt
- Purchasing of property
- Gifting to Children/Grandchildren
- Private healthcare
- Care costs
- Increasing income in retirement
- Home Improvements/Maintenance
- Purchase of a Car/Motorhome
- Holidays/Travel
Could a Lifetime Mortgage be right for you?
Our award-winning advisers are on hand to have an initial discussion to help you decide if a Lifetime Mortgage could be right for you. Having assisted hundreds of happy customers to date, you can be safe in the knowledge that only if a Lifetime Mortgage is the most suitable lending solution will they advise you to proceed.
Just some of the benefits of our service
- One adviser looking after the case from start to finish
- Initial phone chat to see what may be possible
- All appointments would include a visit to discuss all options in detail
- Access to all major lenders
- Absolutely no obligation until completion
- No fees until completion
Did you know?
- You retain full ownership of the property
- You can remain in the property as long as you choose during the remainder of your life. The debt is only required to be repaid upon the death or leaving the property full time such as going into residential care
- Adverse credit will usually not affect borrowing
- No proof of income is required
- You can make voluntary payments towards the interest and capital.
Common myths
You could owe more than the property is worth.
You can never owe more to the lender than the property value as all lending comes with a No “Negative Equity Guarantee”
You will not own your home anymore
Throughout the lending you own 100% of the home. The Lifetime Mortgage is a loan secured against the property like a typical mortgage.