Equity Release Mortgages
As a way of a referral service we have associations with brokers who can offer competitive rates for Equity Release Mortgages.
What is an Equity Release Mortgage?
Equity release is a way to unlock the value tied up in your home by taking a tax-free lump sum or receiving regular payments, all while continuing to live in your property. The most popular type is a Lifetime Mortgage, which allows you to maintain full ownership of your home.
The loan, along with any accrued interest, is usually repaid when the last remaining homeowner passes away or moves into long-term care. It's a flexible financial option designed to provide greater freedom and support in later life.
Is an Equity Release Mortgage right for you?
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Equity release may not be the best choice for everyone, so it’s essential to carefully consider both the advantages and the potential long-term effects on your estate. We also recommend discussing your plans with family to ensure everyone is informed.
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As part of our referral service, we work with Independent Financial Advisors who can provide expert guidance and access to competitive equity release mortgage rates.
Guidance to
Equity Release Mortgages
What is it?
An equity release mortgage is specifically designed for individuals aged 55 and over. It enables you to unlock some of the value tied up in your home, giving you the option to receive the funds as a single lump sum, in smaller installments, or a combination of both.
How is it different?
Unlike traditional mortgages, an equity release mortgage is typically not based on your income. Instead of making monthly repayments, you have the option to let the interest roll up over time. We can provide detailed illustrations to help you understand how this will affect the remaining equity in your home.
Is there a maximum age?
There is no upper age limit for equity release. However, lenders will take other factors into account when assessing your eligibility for a later life mortgage.
Disclaimer:​
As a way of a referral service, we have associations with Independent Financial Advisors who can offer expert advice as well as competitive rates for Equity Release Mortgages.
Equity Release Mortgages are regulated by the Financial Conduct Authority.
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