Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice should there not be a procurement fee from the lender. The actual amount you pay will depend upon your circumstances and you will know in advance of the application.
Equity Release financing your future?
As we get into later life, a lot of the time we no longer have mortgages on our main residence. An equity release mortgage allows you to boost your retirement income by selling a share of your home to a bank in exchange for a cash lump sum and/or a cash reserve facility that you can access later on.
Unlike a normal mortgage, you are not required to make monthly repayments to the lender. Instead, the interest is rolled up until the property is sold.
Over the past 10-15 years equity releases became very popular
We have arranged many of these types of mortgages for clients. We always make sure that you receive a personalised recommendation letter stating the pros & cons so that you can make an informed decision before proceeding.
If you feel that an equity release mortgage may be something that you want to learn more about, get in touch and we will be happy to help.
Other Mortgages
We cater for multiple mortgage options, covering all types of property purchases
Make an Equity Release enquiry
If you require help in looking into or deciding whether an equity release mortgage is what bests suits your needs, and circumstances, please complete the enquiry form below for a no-obligation conversation.
Questions to ask if considering releasing funds by borrowing on your property
Am I eligible for an equity release mortgage?
If you are over the age of 55 and have no mortgage on your property then the answer is yes.
Generally, equity release clients only opt for this mortgage when they have decided that they are not going to move house again.
Why should I look at an equity-release mortgage?
If you feel that you don’t have enough income to fund your retirement, you want to renovate your home, or, you want to give a gift to your grandkids, then an equity release mortgage may be a good option for you. If you are interested then please get in touch and we will discuss your options.
What happens to my property when it is sold?
Before the house is sold or passed on to loved ones, the lender makes sure that they are repaid. The repayment consists of the original loan plus the interest accrued between the start and the end of the mortgage.
Can I end up with negative equity?
We, let alone the lenders we use do not believe in putting consumers in a negative equity situation.
The positive and negative financial flow for each person’s situation and circumstance is unique to them. How equity-release borrowing can affect an individual will only be known by talking things through.
Rest assured we endeavour to only put deals forward to our clients which are considered to be in their best interest.
Kind words from our Mortgage Customers
Here is a short selection of customer testimonials that we’ve received as a direct result of the help and assistance provided through our mortgage advice
“Vurun sorted my remortgage out very quickly and kept me informed throughout the whole process. I would recommend him to anyone that needs help with a mortgage”
Mark
“My wife and I decided that we wanted to move to a bigger house. We contacted Hagley Financial Planning and Vurun guided us from our first conversation all the way up until it was time to move in. I wouldn’t use anyone else except for these guys”
Daniel
“I needed a remortgage and the first person that was recommended to me was Vurun Sahota. From the first contact with him, I felt comfortable that he was going to do a great job and I wasn’t wrong. Thank you Vurun”
Sarbjit
News & Articles
A short selection of news and articles from in and around the financial sector, that could impact/affect your situation, for which you might require independent financial advice on
