MORTGAGE HELP DESK UK

Mortgage Help For Those Seeking A mortgage Quote To Best Suit Their Circumstances

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.

All You Have To Do is simply fill out our Quick Mortgage Application Form For A Mortgage Quote.

FREE Copy Of Our "Mortgages" Guide - Click Here

Who Are Our Elderly Mortgage Customers? Equity Release Mortgage Product Elderly Mortgages Frequently Asked Questions

Who Are Our Elderly Mortgage Customers?

Mortgages for the Elderly can be the solution for elderly people who are rich in what they possess (assets wise) but poor in terms of cash, who don’t want to sell their house and move to a cheaper/smaller house. The schemes available for the elderly customer include the Lifetime Mortgages and the Home Reversion Plan. The Lifetime mortgage schemes, are designed for people aged 65 and above, who want to unlock some of the equity in their homes by taking out a Mortgage, but not having to pay a monthly repayment charge. These customers consist of those who are looking to improve there property, or those looking to arrange there own long term care, and in some cases to mitigate there inheritance tax liability. The home reversion plan is not a mortgage as such, but more a means of selling part of your property, whilst still having accommodation rights. The Lifetime Mortgage is a specialised area and involves a detailed understanding of the client. Factors such as age, health, financial situation, individuals feeling on home ownership or renting, leave a legacy, alternatives. This will be conducted via a detailed Fact Find, only upon this will a decision be made to see if an Equity Release Mortgage is appropriate. Our Elderly customers are also reminded that the impact on taxation and benefits needs to be reviewed , any income generated through equity release may be taxed at the top part of the individuals income, Regarding benefits creating additional income can effect pension credits , saving credits , and council tax benefits, amongst other entitlements. It is advisable to speak to your benefits officer or the citizen advice bureau before embarking on a mortgage. As in some cases the loss in benefits could outweigh the additional income you are receiving. The Equity Release Mortgages route should not be taken lightly and discussions with family are very important, before going down this route.

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Equity Release Mortgages Frequently Asked Questions

What are Home Reversions?

Will the life time mortgage be in my name?

What are the alternatives to Life time mortgages?

Can I obtain Further Advances?

Are Equity Releases Regulated?

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