Whether you are thinking about using some of the cash locked in your home to help a family member on to the property ladder themselves, take the holiday of a lifetime, clear debts or you're simply looking to make life more comfortable, it may be that equity release is something you are considering.
This is a specialist area of lending and we can refer you to a dedicated Later Life lending adviser who is able to help you decide if equity release is the right option for you and your family. They are friendly are professional and can answer any question you may have and make sure you have all the facts to allow you to make an informed decision.
An equity release plan allows homeowners aged 55 and over to access some of the cash locked in the value of their home. You may be eligible for a lifetime mortgage if you're a homeowner with a property worth at least £70,000, you're aged over 55 and a UK resident.
Equity Release advisers must hold the ER1 Certificate in Equity Release from the Chartered Insurance Institute and have a clear understanding of the variety of later life borrowing options available to you.
We have partners with Mortgage Advice Bureau Later Life to offer lifetime mortgage products from a carefully selected panel of providers. With competitive rates, high loan amounts and features such as no monthly repayments available, their Adviser will talk you through your options and recommend a plan based on what’s important to you.
An expert equity release adviser will:
Mortgage Advice Bureau Later Life work with Key Retirement Solutions who provide our Later life lending proposition. Mortgage Advice Bureau Later Life offer lifetime mortgages only which is a loan secured against your home. Equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits. Mortgage Advice Bureau Later Life offer lifetime mortgage products from a carefully selected panel of providers. Unless you decide to go ahead, our service is completely free of charge, as our fixed advice fee of £1,295 is only payable on completion of a plan.
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Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you will depend on your circumstances. The fee is up to 1% of the amount borrowed with a typical fee of £499.
Wallace Home Finance is a trading name of Wallace Home Finance Ltd is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. Wallace Home Finance Ltd. Registered Office: Airedale House, Kirkstall Road, Leeds, England, LS4 2EW. Registered in England Number: 10549264. Wallace Home Finance Ltd is registered with the Information Commissioners Office reference number - ZA538661 - The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. Your calls (voice or video) may be recorded for training or monitoring purposes.
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