Can I obtain Further Advances?

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We Could Help find you a Equity Release Mortgage, At a Very Competitive Interest Rate

The Main priority for our Equity Release mortgage customers is to provide you with a first class service for all your Equity Release Mortgage needs, Since the area of Equity Release is a very specialised area which requires a lot of indepth understanding of the clients situation, we have partnered ourself with FSA approved equity release partners , who have the experience of specialism in this area Depending on your circumstance they could help you find a Equity Release Mortgage deal at a very competitive interest rate, they do all the leg work, so you can relax. Click Here to request a call back and one of our Partners mortgage advisers will contact you shortly.

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Can I obtain Further Advances?

Most equity release plans offer options for further drawdown, these are based on the borrower’s original agreements. However the percentage that was agreed originally may now generate more cash, this is so where prices have risen considerably. Or whereby the age of the plan holder has increased substantially from the original agreement so that the calculations of the percentage that can be borrowed have increased. There will be costs associated to this i.e. arrangement fees, valuation fees and legal fees; therefore you need to confirm the net amount you will receive after costs before going for a further drawdown. The higher amount you do take means that there will be less for any legacy that you may have intended, also careful considerations need to be made to any state benefits you are receiving , the additional drawdown could effect the amount of these benefits you receive.