FINANCE: What is Your Equity in Your Home Doing For You?

“I’d love a holiday home somewhere warm: – this is one of many starts to a conversation where the solution could be a lifetime mortgage…

What is your equity in your home doing for you?
It’s always been the dream of many homeowners to make that last payment to live mortgage free in their home for life but is this actually the best option for you or your family?

For a surprisingly low interest rate with no monthly payments to make and no upfront costs you could release some of the money tied up in your home to:

• Repay an outstanding mortgage to reduce monthly costs
• Enhance your retirement income and therefore your lifestyle
• To help your children with a deposit for a house
• To go on that holiday of a lifetime
• To buy a holiday home in the UK or abroad
• Or a multitude of other reasons

Interest rates on lifetime mortgages are at an all-time low with many providers offering a fixed rate for life making it a great solution for people who would like to make more use of their hard earned equity.
Most lifetime mortgage providers are offering inheritance guarantees so you can be reassured that you are able to leave a proportion of your property value as an inheritance.

Putting any kind of mortgage on your house is not a decision to be taken lightly so we will always look at your specific situation to ensure you have considered all options. We will encourage your family to be involved in the discussions so that you are able to draw on opinions of your loved ones too.

We are a family team regulated by the Financial Conduct Authority specialising in Financial Advice, Retirement Planning, Mortgages and Protection Insurance. We have a wealth of knowledge enabling us to make sure that you are comfortable that you’re making the right choices for your situation.

Aged 55 and over and in need of more information, please give us a call or email on 07577 921 992 or and we can have a no obligation initial conversation.

This is a lifetime mortgage which may reduce the value of your estate and may affect your entitlement to means-tested benefits. To understand the features and risks ask for a personalised illustration. Midas Financial Planning Services Ltd is authorised and Regulated by the Financial Conduct Authority.

Minerva Studio
Author: Minerva Studio