Lifelong
Mortgage / Equity Release
There are various ways you can unlock some of the market value (or
equity) in your property. For example you could downsize to a
smaller property or one of lower value perhaps by moving to a
different part of the UK where house prices are cheaper.
Downsizing
Downsizing will give you maximum value from your home, but there
may be disadvantages such as the hassle, disruption and cost of
moving. You may also be very attached to the area where you
currently live.
Equity Release Plans
There is a solution that allows you to stay just where you are.
Equity release plans are now available that allow you to release
much needed cash from your home, whilst retaining the right to live
in it for the rest of your life.
If you still have an outstanding mortgage on your property you must
pay if off, either by using some of the proceeds from your plan or
from other funds. Once that's done, the money you release can be
spent as you wish. This could be on holidays, a new car, a new
conservatory or meet unexpected situations such as health
care.
Fund your retirement
Most importantly, your equity can help you fund your retirement or
provide reassurance that your spouse will have enough to live on
when you die. These schemes can be helpful in certain circumstances
but are not suitable for everyone.
Please contact Tony
Rossborough to discuss the most appropriate product for you
needs.
07977306389
Let us take the stress out of your investments
We'll find a mortgage to suit your requirements
An equity release product
will reduce the value of your estate, will not be suitable for
everyone and may affect your entitlement to state benefits. To
understand the features and risks please ask for a personalised
illustration
Check that this mortgage will meet your
needs if you want to move or sell your home or you want your family
to inherit it. If you are in any doubt, seek independent
advice
We normally charge a fee for equity
release advice.
Our fees and
charges vary depending on the Services we provide to you. We
typically charge a fixed fee of £995. There is also a fee of £60
payable on application for the Fintal welfare benefits report.
We will also be paid commission from the
lender.
Your home may be
repossessed if you do not keep up your repayments on your
mortgage.
We normally charge a fee
for mortgage advice, however this will be dependent on your
circumstances. Our typical fee is
£295.
Please contact Tony
Rossborough
Streets Insurance Services Ltd is authorised and regulated by the Financial Conduct Authority (FCA)