Equity release mortgage advice
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Are you searching for impartial equity release mortgage advice?
Our team of experienced consultants is on hand to answer any questions you may have and help you find the best deal on the market. We look through hundreds of offers for the best rates and terms. Call us on 0845 603 1525 for more equity release mortgage advice and assistance.
How does this type of deal work?
With this type of mortgage you can unlock the equity tied up in your property without moving home. It offers a cash sum or a monthly fee, effectively as a loan secured against your home. Usually, you have to be at least sixty or nearing retirement to take advantage of this type of deal.
Some deals also offer negative equity guarantees, meaning that if the value of your home decreases, so does the amount of debt. It also prevents the debt from being passed on to your loved ones when you sell the house. You can visit our calculator page to find out how much you can receive.
More equity release mortgage advice…
Before you take out a deal it’s worth considering the following points of equity release mortgage advice:
Solves the problem of being asset rich, but cash poor in retirement
Staying in your property and not moving might help reduce inheritance tax (though there are complications with this)
It is not regulated by the government
You may not be allowed to move home once you have taken out a deal depending on your lender’s terms and conditions
There may be legal fees or surveyor charges.
Make sure you take out a joint policy if you are living with your partner
You may lose some rights to means tested benefits
If you opt for an income-payment equity release mortgage this will be counted in your tax calculations
Find equity release mortgage advice with First Mortgage
Call us on 0845 603 1525 for more free equity release mortgage advice. We are happy to discuss your situation and help you choose the best option.
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