Equity Release Mortgages
Equity release mortgages can be a way to release some capital from your home without having to sell it – so can often appeal to people who wish to help family with their finances or give themselves a little extra resources for their retirement.
Equity release is typically seen as a last resort when all other options have been explored, so working with a experienced expert is essential – and that’s where The Financial Guys come in.
Our experts will have a detailed conversation with you exploring all options to ensure that we can help you get the most suitable product for your specific circumstances.
How Can We Help?
Expert Guidance
Our team of mortgage experts understands the complexities of equity release mortgages – making sure we help you get the most suitable product to meet your financial goals.
Extensive Panel of Lenders
We’re not tied to any particular lender, so we’re only interested in getting you the most suitable product for your circumstances – not sales targets!
Modern & Streamlined Process
We know you’re busy so our process makes securing a mortgage as quick and easy as possible, using the latest technology and evening/weekend appointments to suit you.
What Do People Say About Us?
The Financial Guys Process
Equity release mortgages can provide financial flexibility for homeowners looking to access the value of their property. However, they come with significant considerations and potential risks. Seeking advice from us and exploring alternatives is crucial to making an informed decision that aligns with your financial goals and circumstances.
Seek Professional Advice
Due to the complexity of equity release, homeowners must consult with a qualified adviser who specialises in equity release. We will assess your eligibility, explain the pros and cons and help you compare different products.
Eligibility Assessment
Equity release is generally available to homeowners aged 55 and older. The property must meet specific criteria, such as being your primary residence and meeting the lenders valuation requirements.
Product Selection
Based on your consultation and assessment, we select the equity release plan that best meets your needs. The two main types are:
Home Reversion Plan: Sell part or all of your home to a provider in exchange for a lump sum or regular payments. You retain the right to live in the property rent-free for life.
Lifetime Mortgage: Borrow against the value of your home while retaining ownership. Interest accrues over time and is repaid from the sale of the property when you pass away or move into long-term care.
We Hold Your Hand Every Step Of The Way
Navigating the equity release process can be daunting, but with our comprehensive financial service, you’re never alone. We hold your hand every step of the way, providing expert guidance and support.
Start Today – Book A Free, No Obligation Chat
Our 15 minute initial chat allows us to assess the best way to help you and to answer any questions you have about buy to let mortgages.
About Us
At The Financial Guys, our mission is to help you achieve financial security and peace of mind. We understand that every client’s financial situation is different, and we pride ourselves on offering personalised advice that aligns with your individual goals and circumstances.
As a family-run business, we infuse our family values into every decision we make. This approach ensures that our clients remain at the heart of everything we do, enabling us to consistently deliver outstanding customer experience. Together, we strive to achieve the best possible outcomes for each and every one of our clients. In essence, we’re one big family working together to support and uplift our clients.
Disclaimer
Frequently Asked Questions
What is equity release?
Equity release is a financial product that allows homeowners, usually aged 55 and older, to access the equity (value) tied up in their property while continuing to live in it. There are two main types: lifetime mortgages and home reversion plans.
How does equity release work?
- Lifetime Mortgage: You borrow against the value of your home while retaining ownership. Interest accrues over time and is typically repaid from the sale of the property when you pass away or move into long-term care.
- Home Reversion Plan: You sell part or all of your home to a provider in exchange for a lump sum or regular payments. You retain the right to live in the property rent-free for life.
What are the eligibility criteria for equity release?
To qualify for equity release, you generally need to:
- Be aged 55 or older.
- Own a property that meets the lenders criteria (usually your primary residence).
- Have sufficient equity in your property.
How much money can I release with equity release?
The amount you can release depends on factors such as your age, health, the value of your property, and the type of equity release plan you choose. Providers typically offer calculators to estimate potential release amounts.
Are there any costs involved with equity release?
Yes, equity release may involve various costs, including:
- Arrangement fees: Fees paid to set up the equity release plan on certain products.
- Valuation fees: The cost of assessing the value of your property on certain products.
- Legal fees: Fees for legal advice and conveyancing services.
- Advisor fees: Fees for independent financial advice.
What are the risks of equity release?
- Interest Accumulation: Interest continues to accrue over time, potentially reducing the inheritance you can leave.
- Impact on Benefits: Equity release can affect means-tested benefits, pensions, and tax status.
- Property Value: The value of your property may not fully cover the amount owed over time.
The Financial Guys is a trading name of Platinum Financial Limited which is an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.
The Financial Conduct Authority does not regulate some forms of Buy to Let. 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.
Contact
- 0333 012 4574
- hello@thefinancialguys.co.uk
Opening Hours
Evening and weekend appointments available.
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