Equity Release
Your home, your wealth
An equity release mortgage allows homeowners, (typically aged 55+), to access the value tied up in their property without needing to sell it. It provides a lump sum or regular payments based on the home's equity.
Your home may be repossessed if you do not keep up repayments on your mortgage.
A Lifetime Mortgage will reduce the value of your estate and may affect your entitlement to means-tested benefits and tax status.
The impact of not servicing monthly interest payments on a Lifetime Mortgage is that the outstanding debt can grow rapidly, thus reducing the value of your estate.
For example, if the interest rate was 7% a year, a £50,000 loan would double to £100,000 after 10 years assuming no repayments are made.
This is an example for illustrative purposes only and personalised advice and recommendations should be sought from a qualified professional. You are strongly advised to register a lasting power of attorney. This will allow your affairs to be managed by somebody else if your mental abilities significantly decline.
Unlocking Possibilities: Specialist Mortgages for Every Stage
Specialist Mortgages cater to specific financial needs, offering tailored solutions for individuals exploring equity release, second charges, and those delving into the dynamic realms of bridging and development. For those seeking to tap into the value of their property without selling, equity release becomes a viable option, providing financial flexibility. Second charges offer an additional layer of borrowing, allowing homeowners to access funds while keeping their existing mortgage intact. Bridging and development mortgages facilitate smooth transitions between property transactions and fuel ambitious construction projects. No matter where you are in your financial journey – be it unlocking property value, optimizing borrowing, or embarking on development ventures – our Specialist Mortgages are designed to address your unique needs and open doors to new possibilities.
