Leading Later Life Lending Advice
If your Over 55 and Own Your Home, You May be Eligible to Release Equity in your Home via a Lifetime Mortgage.
You’re free to spend the money how you wish, whether it be gifting money to family members, funding your retirement plans, or something else.
An Ever Growing Means to Achieve your Retirement Goals
As outlined by the Equity Release Council (ERC), there are two types of Equity Release; Lifetime Mortgages and Home Reversion plans.
Both of these are regulated by the Financial Conduct Authority. By using an Equity Release product, a home owner can draw a lump sum or regular smaller sums from the value of their home, while remaining in their home.
Equity Release can play a crucial role in retirement funding and the flexibility and safeguards which are built into plans that complies with the Equity Release Council product standards enable thousands of home owners every year to tap safely in to their housing wealth without having to worry about making monthly repayments.
Access to Award Winning Later Life Lenders:
When considering an equity release plan we only deal with lenders who are a member of the Equity Release Council and have signed up to their Statement of Principles.
LIFETIME MORTGAGE FLEXIBLE FEATURES:
Future flexibility is often key when establishing the most appropriate lifetime mortgage lender and product, the following features/considerations may be important:
• Accessing funds as a lump sum or on a drawdown basis, or both
• Optional interest & capital payments – regular or ad hoc
• Inheritance and downsizing protection
• Transparent Early Repayment Charges from the outset
• Enhanced terms for borrowers who are suffering from certain medical conditions
*YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
*Equity release will involve a home reversion plan or lifetime mortgage which is secured against your property and will reduce the value of your estate and impact funding long-term care.
To understand the features and risks ask for a personalised illustration.
Mortgages For the Over 55's
Access Rates Similar To Those Offered By Prime Banks To Younger People. Discover Lenders That Understand The Needs Of Senior Borrowers. We can help guide you through all of the Later Life Lending Options available to you.
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Rates Similar to Conventional Mortgage Lenders
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Release equity from your home as a cash sum or via regular payments
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Fully Flexible Service Offering
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Expert Support
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Optional Interest & Capital Payments
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UK Market Leading Lenders