The calculator gives you the maximum amount an equity release lender is likely to lend based on your property value and age. However, if you are able to borrow less you are likely to receive a better interest rate.
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Equity release mortgages are a growth area and a good deal more competitive than they were. With new lenders competing over an ageing population, we can explain in plain English the benefits and drawbacks. We'll help you find the best lender and scheme for you, in this fast changing sector.
An equity release scheme is a lifetime mortgage secured against your home. It is presumed the mortgage loan will be repaid upon your death. An equity release plan is not something to rush into; we will take the time to talk you through all the options available to you and help you to decide if equity release is the best option.
We have a fixed fee of £995, regardless of the value of your plan, which is only payable upon completion. If for some reason you decide not to go ahead with your mortgage, no fee will be charged.
Gifting - Giving your children a significant deposit, allowing them to buy their first home.
Inheritance Tax - Giving your loved ones their inheritance now to see them enjoy it and potentially minimising inheritance tax liability.
Solution to an Interest only Mortgage - Allowing you to fully repay your mortgage and stay in your own home for as long as you wish.
Boosting Income - A lifetime mortgage allowing you to draw down additional money as and when required to pay for those little extras.
To find out more visit:
Age UK Equity Release GuideWe are truly independent, we deal with all providers, meaning we really can source the best options available to you.
We recognise this is an area people are concerned about. Equity release mortgages have historically had a lot of bad press. This is why customer service and transparency are of the utmost importance in what we do.
We are there for you throughout the whole process, getting the right deal for for you and ensuring you are equipped to make informed decisions about your future.
We are always happy to visit people where they feel most comfortable; you come to us or we'll come to you, whichever suits you best. We have the same approach with family and friends, we're very happy for them to be involved.
To top it off, we charge a fixed fee - no matter what! And we'll only invoice upon completion.
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. Equity Release Mortgage Advice Ltd (FCA no. 725996) is an appointed representative of JLM Mortgage Services Ltd. which is authorised and regulated by the Financial Conduct Authority (FCA) registration number 300629. The FCA do not regulate some forms of mortgages. Equity Release Mortgage Advice Ltd is registered in England & Wales, No. 09856670. Registered office address, SJ Males & Co Basepoint Business & Innovation Centre, 110 Butterfield, Great Marlings, Luton, Beds, England, LU2 8DL The guidance within this website is solely targeted at consumers based in the UK. We charge a fixed £995 fee, only payable at completion.