Equity release is a way of freeing up some of the money you have tied up in your home for you to use, either as an income, or a lump sum. You must be a homeowner and be over 55 to be eligible.
There are broadly two different methods of equity release. The first and most common is called a lifetime mortgage and the second is called a home reversion plan. They are very different and it depends upon your circumstances and situation as to which will be the right choice, if any, for you.
Equity release isn't suitable for everyone; we estimate that we'll arrange equity release for only 1 in 4 people that contact us requesting it. This is because our aim & process is first, to look at all the other options which may be more suitable, such as downsizing to a smaller property, seeing if a family member could support you with additional income, or if there are any benefits or claims you could make that you didn't know about or weren't claiming.
When we have exhausted all the other options, then and only then, will we consider arranging an equity release scheme for you as we have to be absolutely certain we are acting in your best interests.
Please fill in your details below and we will be in touch by phone within 24 hours to talk through your options. If equity release might be suitable for you, we will arrange a no obligation appointment during the initial call.
The appointment will be at a time and date that is convenient for you & it's purpose is to gather all the relevant information from you, to establish the right course of action to take, alongside explaining both the benefits & the risks of equity release, so that you can make an informed decision of how best to proceed.
We provide initial advice for free and without obligation. Only if you choose to proceed and your case completes would a typical fee of £999 be payable.
Equity release may involve a home reversion plan or lifetime mortgage which is secured against your property. To understand the features and risks ask for a personalised illustration.
Equity release requires paying off any existing mortgage. Any money released, plus accrued interest would be repaid upon death, or moving into long-term care.
Equity release may be suitable however they are complex financial products that carry risk.
Our office is easily accessible by car and we have free parking available.
We are based at Mansfield Business Centre, just off the A60 on Woodhouse Road, in what was the old nurse training college.
There is a lift in the building and a separate entrance for wheelchair access if needed and our office is wheelchair friendly.
Terms & Conditions
Lewis Shaw (FCA registration number 927754) trading as Shaw Financial Services is an appointed representative of King Mortgages Ltd which is authorised & regulated by the Financial Conduct Authority, FCA registration number 803561.
There may be a fee for arranging a mortgage. This will typically be £499.
Think carefully about securing other debts against your home
Some forms of Buy To Let mortgages are not regulated by the Financial Conduct Authority. The guidance &/or advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers in the UK. As with all insurance policies, conditions & exclusions will apply.
YOUR HOME (OR PROPERTY) MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Office Address - Mansfield Business Centre, Ashfield Avenue, Mansfield, NG18 2AE
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