Cash Poor and Asset Rich?
Consider Unlocking the Wealth in Your Home
Homeowners released £3 billion in equity during 2017*
Could this be the year you re-discover the value in your property?
If you’re one of the countless homeowners struggling to make ends meet as you approach retirement, don’t worry – you’re not alone. Many people today suffer from being “cash poor” and equity rich. This means that all your money is tied up in your house, unable to help you with bills and living expenses.
High-cost bills and low pension payouts can combine to create an uncomfortable living situation for many UK families. However, with a Lifetime Mortgage you could discover a happier, more comfortable lifestyle.
On Average, customers in the UK release £77,380 from Lifetime Mortgages. (Source: Key Retirement)
Actual equity potentially available to you will depend on your circumstances, property valuation and status.
Rediscover Your Wealth
Lifetime Mortgages allow homeowners to release the equity in their property and use that cash however they wish, whether it’s paying for home improvements, family gifts, or simply a better quality of life.
While a Lifetime Mortgage isn’t right for everyone, it can be a powerful wealth management tools for those approaching retirement who want to retain ownership of their home.
With a Lifetime Mortgage, you won’t be asked to give up your property, or hand the deeds over to someone else. Your home remains your own, and your debt is simply repaid after the property is sold when you move into full-time care or pass away.
Do You Qualify for a Lifetime Mortgage?
Thousands of homeowners in the UK are now using their property wealth to improve their standard of living. In fact, more than 38,955 plans were sold in 2017 alone!
Qualifying applicants must be at least 55 years old. The amount you receive will be based on the age of the youngest applicant, and a percentage value for your home. If you have health issues, you may be able to borrow more using an “enhanced” product.
This calculator will give you an insight into the average amount you can borrow. However, I am available to provide more accurate figures and answer any questions you might have about your Lifetime Mortgage.
How Will You Use Your Lifetime Mortgage?
The great thing about a Lifetime Mortgage is that the money you receive can be used however you like!
- 64% use the money to improve their home/garden.
- 33% take vacations with the family.
- 31% improve cash flow by paying off credit cards and loans.
You can also pay for long-term care in your home, access private medical treatment, purchase a new car, or even treat your children and grand-children to a few luxury gifts. The choice is completely up to you.
However, because a Lifetime Mortgage is a complex financial product, it’s important to make sure that you get the right financial advice before you begin your application. The more you know about how your Lifetime Mortgage works, the more confident you should be tapping into the wealth inside your home.
Contact Us Today
Specialists in Lifetime Mortgages must hold specialist qualifications to ensure their clients have the best support when unlocking their home equity options. I have been qualified for several years and have used my skills to help countless people rediscover the wealth in their homes.
Feeling nervous? Take a look my collection of case studies to put your mind at ease.
I offer a no-obligation service for my clients through a system that suits you. You can connect with me face-to-face or over the phone for services that include:
- In-depth and easy-to-follow explanations of Lifetime Mortgages and whether they apply to your situation.
- A personal and bespoke recommendation made according to your specific circumstances.
- Insights into the home equity products that are most suitable for your needs.
- Set up and on-going management of the mortgage.
Want to Access Your Lifetime Mortgage?
If, after a personalised assessment and conversation you decide you wish to proceed, our fees are £500 upon application and £500 upon offer of loan. We will be paid a fee from the Lifetime Mortgage provider too for the processing of the application.
Payment options to suit you
If you can’t afford to pay our fees upfront, you can add them to the loan cost. However, should you withdraw from the application process, the fees will still apply.
Discover Your Options today.
Call Us on 01635 550179 and ask for Carol.
A LIFETIME MORTGAGE WILL BE SECURED AGAINST YOUR HOUSE.
* Source: The Telegraph
How much could I release?
Use our calculator see how much money you could release. Any outstanding mortgage will need to be paid off with the money you release.
This calculator is intended as a guide only. For accurate figures please get in touch to discuss your specific requirements.
Get in touch
For accurate information, suited to your individual financial circumstances, please call for a chat or complete the form below. It costs nothing to find out your options. We will never sell or inappropriately use your data.