Equity release mortgage advice
Let us find the juiciest quote for you
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. We can introduce you to one of the UK’s leading lifetime mortgage specialists, who are happy to arrange a visit to discuss your requirements. Lines are open, call us now on 0845 603 1525 to arrange a lifetime mortgage quote.
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 lifetime 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
We can introduce you to one of the UK’s leading lifetime mortgage specialists, who are happy to arrange a visit to discuss your requirements. Lines are open, call us now on 0845 603 1525 to arrange a lifetime mortgage quote.
Get quotes prepared fast and easy from our award winning brokers starting, with our smart online form. Quote request
- Our whole of market service provides an unbeatable choice of mortgage lender.
- We have negotiated many ‘Exclusive’ market leading deals for our clients only.
- Your own dedicated mortgage advisor manages your application from start to finish.
- We do all the paperwork and work with lenders to ensure everything goes smoothly.
- Our mortgage advisors are expert in every type of money saving remortgage.
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- Specialist help for first time buyers and homemovers with Property Law Centre
- Scotland’s longest established mortgage advisors
First Mortgage, the UK’s specialists in sourcing mortgages, remortgages and protection plans, are actively encouraging clients in Scotland (...)
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