Considering moving home or remortgaging?
Then contact Brian Roberts Cert PFS, he holds the key to all your mortgage needs...
Are you over 60?
I specialise in Equity Release. For advice, please visit the Equity Release page
Equity Release
Equity release is a method of releasing capital tied up in your home without having to move out of your property. Equity release is becoming an increasingly popular retirement planning strategy. The money raised is used to pay the owner of the property either a lump sum, a regular income or a combination of both.
Equity release schemes can be divided into two categories; lifetime mortgages and home reversion plans.
Lifetime Mortgages
Lifetime mortgages involve you taking out a secured loan using the equity in your property as security. There is no need to make repayments. Interest is added and accumulates over time until the scheme comes to an end.
After both you and your partner, if you have one, move into long-term care or pass away, your home is sold and the amount borrowed is repaid along with the accumulated interest. The remainder after paying amounts owed passes to either your estate or that of your partner.
Home Reversion Plan
Home reversion plans are different to lifetime mortgages in that although you also continue to live in your home, you sell all or part of it rather than taking out a loan. After you and any partner pass away, your home is sold on and the proceeds are divided between the estate of you and/or your partner and the home reversion provider.
Getting independent advice is very important
Although both schemes work well there is much to consider when taking these decisions. I have considerable experience with equity release plans. Please get in touch using my Contact Me page.
Call me now on 01492 874233 or Email: brian@broberts.co.uk
Address:
Brian Roberts Financial Services
28 Queens Road
Craig-y-Don, Llandudno
LL30 1AZ
Tel: 01492 874233
Email: brian@broberts.co.uk
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THIS IS AN EQUITY RELEASE PLAN. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.
Brian Roberts Financial Services is authorised and regulated by the Financial Services Authority.
Address: 28 Queens Road, Craig-y-Don, Llandudno, LL30 1AZ. Tel: 01492 874233 Email: brian@brianroberts.co.uk
Principal: Brian Roberts Cert PFS
The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK