Mr and Mrs P had owned a successful business for many years which was badly affected by the credit crunch. As a result, they had been unable to repay their interest only mortgage as they had expected. Their mortgage had now reached the end of its term and the lender was pressing for full repayment. However, they had lived in their home for many years and did not want to move, particularly if forced to sell in a hurry where they would not get the best price for their home. We arranged an equity release mortgage for them which allowed them to fully repay their previous mortgage and stay in their own home for as long as they wished.Case studies
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, No. 09856670. The guidance within this website is solely targeted at consumers based in the UK. We charge a fixed £995 fee, only payable at completion.