The Process of Equity Release in Nottingham
If you think that an equity release plan might be the right step for you to take next, then it is important that you are aware of all the options and alternatives available to you, the advantages and the disadvantages.
Book a free appointment today and benefit from speaking with one of our trusted later life mortgage advisors. They will be more than happy to talk through this with you.
They will help you understand the process of a later life mortgage, what options you may have available to you and the effect taking a lifetime mortgage in Nottingham might have on state benefits, tax and the equity that is remaining in your home, over time.
We actively encourage the clients that we speak to, to involve their family members or other individuals that you trust, who can help and support you through the process and be present at the meetings we have together.
Further to this side of the service we provide, we are also more than happy to work with any financial advisors, accountants or solicitors that you would like to keep included in your financial planning decisions.
If it is done the right way, equity release in Nottingham should not have an effect on your tax position or benefits. It is key to remember though that everyone has different circumstances, and a later life mortgage advisor in Nottingham will need to have a more complete view of your situation in order to provide the best advice.
It is important that you are able to find a later life mortgage advisor that you are able to trust and are comfortable sharing all of your details with. We believe this is something we excel at, as honesty and integrity is at the heart of what we do. Our genuine customer reviews are a great reflection of this.
Once we have been able to identify the right plan, your later life mortgage advisor in Nottingham will provide you with an illustration and a written recommendation, that will outline all the information you have given us and why we believe this particular plan is suitable for you.
You later life mortgage advisor in Nottingham will then take the time to run through their recommendation with you, before they progress on and submit an application to the mortgage lender on your behalf.
We have a truly brilliant team of experienced case managers who, alongside your later life advisor in Nottingham, will manage your entire equity release process, up until it completes. They will always make sure you are well informed and know how to get in touch, if you need to speak with us.
We provide all initial advice for free and with absolutely no obligation or pressure to go ahead. Only if you go ahead and your case completed, do we charge you an advice fee.
Things to Consider with Equity Release in Nottingham
If you take out a lifetime mortgage in Nottingham, any mortgage or loans that you already have in your name, that are secured on your property must be repaid.
Any interest that has built up over time, along with the amount released must be repaid upon death or moving into long term care.
Taking out a lifetime mortgage in Nottingham will reduce the amount of equity that you have access to in your property. This means there will be less to look to if you would like to leave an inheritance or cover the costs of care in later life, should you need to rely on this.
Why should I use Nottinghammoneyman for my Lifetime Mortgage?
As an open & honest mortgage broker in Nottingham, we have been hard at work, helping all of our customers to achieve their mortgage dreams for over 20 years and counting.
The same passion and dedication we have for helping our regular mortgage customers, is exactly what we bring to the table when providing top level whole of market lifetime mortgage advice in Nottingham, for all of our older, valued client base.
We always make sure that we are doing everything we can to overcome any mortgage hurdles that may crop up during a customers process, no matter the difficulty of their case! We love a good challenge and will work hard to help you, our customer, with your best interests always being at the heart of what we do.
Your family is always welcome to take part in our mortgage advice process and we will always accommodate clients’ different needs and situations in any way that we are able to.
Once you have had your free equity release and lifetime mortgage advice appointment, your later life mortgage advisor will search for the perfect lifetime mortgage deal in Nottingham that applies to your current personal and financial circumstances, as well as what may come in the future.
We will be always be there to support you through the entire process. With our continuous guidance and care, we will help you through your mortgage journey together, reducing as much stress from you as we possibly can.