Mortgage Release Schemes
Why choose a mortgage release scheme?
Mortgage release is a way to access the equity that is locked in your home. The income that you receive as a result of mortgage release can be used as you wish. It may be that you may wish to improve your home, help family members onto the property ladder or to simply supplement your income. Our financial advisers can discuss the reasons for you to consider mortgage release in a free consultation. To request your free consultation to discuss your options please >click here.
Mortgage release – best advice
As with all financial arrangements it is vital that you fully understand how a mortgage release could affect you. The FSA suggests that before you consider taking out a mortgage release scheme that you consult an independent financial adviser. Our fully independent financial advisers have a great deal of experience of working with clients who are seeking benefits from mortgage release and can advise if this is the best option for you. As we are not tied to any specific lender we have the ability to search the entire that market to recommend the mortgage release scheme that best fits your needs. If you are interested in finding out more about mortgage release, please contact us by >clicking here.
Mortgage release and the tax position
The amount you receive as a result of mortgage release is paid tax free. Mortgage release is also used in inheritance tax planning. To find out more about mortgage release please contact us by >clicking here.
Mortgage release products
The main types of mortgage release is known as a home income plan where property is mortgaged and the cash raised is used to purchase an annuity, a lifetime mortgage where property is mortgaged and interest is added to the balance owing, which is paid off when the property is sold or a home reversion scheme where property is sold to a financial institution in exchange for a lump sum or monthly income. Our advisers have a great deal of experience in all of these areas. To find out more and discuss your requirements please contact us by >clicking here.
Free mortgage release consultation
Our financial advisers will discuss the options provided by mortgage release to allow you to come to a decision as to whether a plan is right for you. To arrange your free consultation please >click here.