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Equity Release Advice Solihull

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7 days a week, 8am - 10pm

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Equity Release Advice Solihull

Aged 55+ in Solihull? Explore a wide range of later-life mortgage solutions. With numerous equity release products available, our experts will help you find the right solution for you.

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How does equity release in Solihull work?

Equity Release in Solihull is most commonly taken out in the form of a lifetime mortgage. This will allow you to release your equity either when your mortgage term ends, or if you still have payments left.

It’s only available if your primary residence is your home. You can make regular payments back, but it’s more common to allow the interest to build up. The loan is only repayable when you pass away, move into long-term care and can no longer take care of yourself.

When thinking about Equity Release in Solihull, there are a few key things to bear in mind. Firstly, you must be over the age of 55 to qualify and the age of the applicant and the value of the property can affect the amount you can withdraw.

It’s always a good idea to speak to a specialist mortgage advisor in Solihull for advice surrounding Equity Release. We will be open with you and provide honest mortgage advice in Solihull, helping you make the best decisions for your circumstances.

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Equity Release Advice Solihull

Things to Remember with Equity Release in Solihull

If you’re over 55 and a homeowner in Solihull, Equity Release could be a beneficial option for you. However, it’s important that you weigh up all your options before making any decisions.

Speak to a mortgage broker in Solihull and they will be able to provide you with all the advice and guidance you need to make the best decision for you. They can explain the features and risks and provide you with a personalised illustration, so you can get a better understanding of the options available to you.

Using Equity Release in Solihull could be a great way to get access to the money tied up in your property, but make sure you fully understand the implications of taking this route before you make any decisions.

To understand the features and risks, ask for a personalised illustration. Equity Release may come in the form of a lifetime mortgage or home reversion plan.

A lifetime mortgage may impact the value of your estate and it could affect your entitlement to current and future means tested benefits. The loan plus accrued interest will repayable upon death or moving into long term care.

A home reversion plan involves selling all or part of your home to a plan provider in exchange for a tax-free lump sum.

I have an Equity Release enquiry, can you help?

We are privileged to have trustworthy equity release specialists on our team, providing invaluable equity release mortgage advice in Solihull. Their extensive expertise in this field ensures they are well-prepared to address any questions or concerns you may have. You can be confident that you are in capable and experienced hands with our team.

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Equity Release FAQs in Solihull

What is Equity Release?

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Equity release products are a way of releasing cash from your home for you to spend, without having to move home. If you are an older applicant looking to supplement your retirement income, you may wish to consider equity release or a lifetime mortgage.

Equity release or lifetime mortgages are available to homeowners aged 55 and over, who own a property in Solihull. Your property must be your main residence and you must not have any outstanding mortgages or loans secured against it.

How can we help?

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If you are an older applicant looking to supplement your retirement income, you may wish to consider equity release or a lifetime mortgage.

We are able to provide you with tailored advice on the options available to you. We will take the time to understand your individual circumstances and needs so that we can advise you on the best route for you.

Before you make any decisions, we highly recommend that you seek professional mortgage advice in Solihull. Our team are on hand to talk you through the options available and to answer any questions you may have.

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Our Simple Mortgage Process

Free 45-Minute Chat About Your Future

Step 1

During your free mortgage appointment, our later life mortgage advisors in Shrewsbury will discuss your inheritance plans and goals with you.

You can book your free mortgage appointment online and pick a date and time that best suits you. We have availability 7 days a week!

Alternatives to Equity Release

Step 2

Before considering equity release and lifetime mortgages, we will explore alternative options that may be better tailored to your specific situation. These alternatives will be given priority in our assessment process.

From retirement mortgages to possible charity participation, we'll look at the best options for you before releasing equity from your home.

Discuss With Family / Trusted Parties

Step 3

Considering the significance of later life mortgages, we strongly encourage our customers to include their family or trusted parties in the discussions. We believe their involvement can be valuable in making well-informed decisions.

Our aim is to ensure you have a clear understanding of everything involved so that you can make informed and agreeable choices.

Tailored Lifetime Mortgage Recommendation

Step 4

Should our assessment reveal that equity release is either suitable or unsuitable for your specific needs, our experienced later life mortgage advisors in Shrewsbury will guide you towards the relevant services that can provide further assistance in developing your plans.

We are dedicated to ensuring you receive the support and resources necessary to make informed decisions about your financial future.

Finding you the Right Equity Release Deal in Solihull

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Popular Options For Equity Release in Solihull

Can you help me remortgage to release equity?

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Certainly, we are more than eager to explore this option with you! Whether you are approaching the end of a fixed period or have any other inquiries related to a standard remortgage, we are here to provide our assistance.

With two decades of experience in the mortgage industry, our team has successfully helped numerous customers achieve their financial goals. Our unwavering dedication lies in ensuring a seamless and stress-free process for you, regardless of your current situation.

As a committed mortgage broker in Solihull, our primary focus revolves around you, the customer. Your satisfaction and success are our utmost priorities, and we are committed to serving your best interests throughout the entire process.

Why should I use you for my remortgage?

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Being a well-regarded and helpful mortgage broker serving Solihull, our team of experts diligently evaluates thousands of remortgage deals to find the most fitting option tailored to your specific financial situation.

Our committed team of mortgage advisors and administrators in Solihull are available seven days a week to provide assistance throughout the entire mortgage process. Furthermore, we go the extra mile by offering support for other relevant services, such as connecting you with qualified conveyancing solicitors if required. Rest assured, we are here to support you every step of the way.

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Birminghammoneyman.com & Birminghammoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.

We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

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