Advising on and arranging Equity Release & Mortgages

Advising on and arranging Equity Release & Mortgages is a specialist field which requires detailed knowledge of:

• The contracts available in the market
• The legal process
• How such contracts can be used within the context of an overall financial planning strategy

Equity Release

Equity Release is traditionally used by clients who wish to use part of the value of their property to provide liquid capital and/ or an income. This may be to supplement retirement income, but may also be required to fund care fees. It may also be appropriate for certain Inheritance Tax mitigation strategies. Equity Release comes in two main forms:

• Lifetime Mortgages: involve borrowing funds against the security of a property whilst, normally, deferring interest payments until the death of the borrower, or their entry into permanent residential care.
• Home Reversion Plans: involve selling part or all of a property now for an amount which is less than its current market value. No interest is payable on the sum advanced, which can be paid as a capital sum or an income for life. In either case we only recommend plans provided by members of trade association Safe Home Income Plans (SHIP).

Mortgages

The market is constantly changing and it is important that clients enter into the most suitable contract for their circumstances. Our advisers have many years experience of dealing with services and contracts:

• Residential or Commercial Property
• Buy to Let
• Variable, Fixed, Discounted, Tracker or Capped rates
• Difficult or adverse credit history
• Remortgages (including Business Finance)
• First Time Buyers
• Self-Employed & Business Owner Borrowers
• Debt Consolidation