Mortgage and Equity Release

Mortgages

It is widely agreed that buying a home can be one of the most stressful times of your life. Part of the stress is caused by the worry about finances: 

• How much can I afford to borrow?

• Should I have a fixed, tracker or variable rate?

• Is my credit history good enough?

• What insurances do I need?

We can take this worry away by answering these and many other questions for you and guiding you through the mortgage process. As independent mortgage brokers we will act on your behalf to find the best deal to suit your circumstances. You may not be moving house, but have a mortgage that is coming to the end of a fixed rate period and need advice on what to do next. Again, we will use our expertise to source a suitable deal from the market.

Taking out a mortgage is often one of the biggest financial transactions we will ever make, and represents a large financial commitment. It is vitally important that you protect this liability against the unexpected. The policies set out below all need to be considered depending on your circumstances.

• Life insurance

• Critical illness cover

• Long term sickness cover

• Unemployment cover

• Buildings & contents insurance 

By conducting a thorough review of your situation , we will recommend the right policies for you based on your needs and budget.

 

Equity Release

Many people in retirement are finding that their income has not kept pace with the cost of living and they increasingly finding their income is not adequate for their needs. Ideally, retirement should be a time to be able to enjoy yourself and do the things you have always wanted to do. 

If you own your home and are over 55, equity release could be a potential solution to this problem. It enables you to unlock some of the value within your house to provide you with a lump sum or an income. You can still live in your home, do not have to make repayments and can never owe more than the value of your house. 

However, the decision to utilise equity release should not be taken lightly, and there is lots of factors that need to looked at first before it could be considered appropriate. We can discuss and explain all of the issues and impacts involved and help you understand whether this is a suitable option for you.

 

THIS IS A LIFE TIME MORTGAGE - TO UNDERSTAND THE FEATURES AND RISKS - ASK FOR A PERSONALISED ILLUSTRATION. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR DEBT SECURED ON IT.