I am completely focussed on you.
I offer a free, no obligation consultation so that I can assess if a Lifetime Mortgage or a Retirement Interest Only mortgage (RIO) could be right for you.
No need for you to run the vacuum around or put the kettle on. All of our meetings can be held over the phone or on a video call.
St Michaels Mount
I will always check to see if you could be entitled to State Benefits and make sure that any advice I offer does not affect this or will advise you if it could. A thorough means tested benefit assessment is completed with every enquiry.
I research and compare the whole of the later life lending market to find a solution that best fits you.
Advice is tailored to your specific circumstances; everyone is different.
The Minack Theatre
You always have 100% ownership of the home. The rate of interest is fixed for the duration of the loan.
The initial lump sum can be augmented by having a drawdown facility for possible access to funds in the future for unexpected expenditure or for other uses such as holidays, providing extra income to help with cost-of-living increases, or helping family members.
The minimum drawdown withdrawal on each occasion is £2,000. Interest at the prevailing rate at the time of each withdrawal is fixed for the duration of the loan. Interest is only incurred if the facility is used.
The minimum drawdown withdrawal on each occasion is £2,000. Interest at the prevailing rate at the time of each withdrawal is fixed for the duration of the loan. Interest is only incurred if the facility is used.
The size of the loan is based on the property value and the age of the youngest borrower, with a minimum age of 55.
The loan ends when the last person (for a joint application) or the sole applicant dies or goes into permanent long-term care.
The provider has to be repaid within 12 months. This can be from the sale of the home, remortgage of the home or from using other assets.
The provider has to be repaid within 12 months. This can be from the sale of the home, remortgage of the home or from using other assets.
There is no negative equity guarantee in the unlikely event of a property price collapse.
You can move home to a suitable property and possibly transfer the mortgage to the new property.
Regular adviser reviews occur to review the ongoing suitability of the recommendation against any changes in your circumstances or objectives.
Regular adviser reviews occur to review the ongoing suitability of the recommendation against any changes in your circumstances or objectives.
Further advances may be possible, subject to lending criteria at the time.
Payments on a voluntary ad hoc basis can be made for up to 10% of the initial loan in anyone year. Up to 12 payments can be made in any year, subject to a minimum of £50 for each payment. If nothing is paid, interest is rolled up. If more than the interest is paid, the capital outstanding is reduced.
On most Lifetime Mortgages there is no income or affordability checks as there are no compulsory repayments.
On most Lifetime Mortgages there is no income or affordability checks as there are no compulsory repayments.
The valuation is free.
The process usually takes about 8 to 12 weeks..
How much equity release will you be able to access?.
There are many factors that can affect how much you may be able to borrow against your home.
Our equity release calculator will help you work out how much money you could raise.
Our equity release calculator will help you work out how much money you could raise.