Mortgage and Equity release
Mortgages can be confusing since there seems to be so many different types of home loans available. A mortgage is likely to be one of your largest financial commitments, so it pays to explore all your options, from product type to repayment methods. We use the services of a fully qualified mortgage expert and he is legally obliged to act on your behalf, without bias toward one mortgage provider or another. He has access to the whole product market, covering all the latest mortgage deals, as well as exclusive offers that you can't get from bank or building society branches.
The issues surrounding pensions in the UK affects us all, but it is already a very real deal and daily challenge for millions of retired Britons.
However, many retired people who manage on a small pension and limited savings are also living in properties which have soared in value in recent years with the average house price in England and Wales now standing at £174,493 (Land registry figures for August 2008), people may not be aware of the true value of their home.
Equity release plans - also called lifetime mortgages, home reversion or home income plans - are a way of releasing cash, weather to buy that new car, to pay for a holiday or home improvements, or simply to make daily life more comfortable. These schemes essentially allow clients to borrow money against the value of their home, with the debt being repaid from the proceeds after death.
Get in touch today
Give us a ring today and talk to one of our advisors on:
Tel: +44 (0)1376 344234
Email: enquiries@genesiswealth.co.uk
