Simply Later Life Planning

08/04/2024

The uses for Equity Release are ever-changing. Whatever reason you wish to release money to fulfil your needs, Lifetime Mortgages could be a viable solution to consider as part of your retirement planning

Clive can help answer your questions on 01706 216606 or via email at [email protected]

THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.

A FEE MAY BE CHARGED FOR MORTGAGE ADVICE. THE EXACT AMOUNT WILL DEPEND ON YOUR CIRCUMSTANCES.

01/12/2023

One of the more common uses of a Lifetime Mortgage is to pay off an existing mortgage. This can free up income previously used to service the mortgage. Using a Lifetime Mortgage to repay the mortgage could cost you more in the long-term.

Our team can help answer your questions on 01706 615 622 or via email at [email protected]

THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.

A FEE MAY BE CHARGED FOR MORTGAGE ADVICE. THE EXACT AMOUNT WILL DEPEND ON YOUR CIRCUMSTANCES.

28/11/2023

Starting 28th March 2022, all products that meet the Equity Release Council (ERC) standards have to offer the right to make penalty-free partial repayments. This means you can make partial repayments without early repayment charges on your loan. The amount that can be repaid is usually up to a fixed amount each year. Some products also offer fixed early repayment charges that only apply for a set time period, after this there’s no charge.

And some products give you the option to pay monthly interest. Although this will not reduce the amount borrowed, the debt will not increase as much as it would if you let the interest roll up over the life of the mortgage.

Clive can help answer your questions on 01706 615 622or via email at [email protected]

THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.

A FEE MAY BE CHARGED FOR MORTGAGE ADVICE. THE EXACT AMOUNT WILL DEPEND ON YOUR CIRCUMSTANCES.

23/11/2023

Providing the terms and conditions are met, no debt is left to your estate and you’ll never owe more than the value of your home once sold upon death or permanently moving into long-term care.

Clive can help answer your questions on 01706 615 622 or via email at [email protected]

THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.
A FEE MAY BE CHARGED FOR MORTGAGE ADVICE. THE EXACT AMOUNT WILL DEPEND ON YOUR CIRCUMSTANCES.

21/11/2023

With most Lifetime Mortgages, you can move home and transfer the loan to the new property providing it meets the lender’s terms and criteria. A partial repayment may be required.

Clive can help answer your questions on 01706 615 622 or via email at [email protected]

THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.

A FEE MAY BE CHARGED FOR MORTGAGE ADVICE. THE EXACT AMOUNT WILL DEPEND ON YOUR CIRCUMSTANCES.

17/11/2023

That is no longer true if it ever was. The increasing flexibility of Lifetime Mortgages and rising property prices means more clients are using their property wealth to fund a variety of later life needs.

According to the Equity Release Council, total lending increased by 29% in 2022 as record amounts of property wealth were accessed by more than 93,000 clients.

Source: Equity Release Council Q4 2022 and FY 2022 market statistics

Clive can help answer your questions on 01706 615622 or via email at [email protected]

THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.

A FEE MAY BE CHARGED FOR MORTGAGE ADVICE. THE EXACT AMOUNT WILL DEPEND ON YOUR CIRCUMSTANCES.

14/11/2023

Check out our most recent blog post...

A study by the Financial Times in February 2022 found almost 30% of over 55 homeowners were planning to release equity from their main home as part of a retirement income. If this is you, you might be wondering whether Equity Release will give you the flexibility you need later in life if you decide...

10/11/2023

Rather than watching the pennies every month, releasing equity from your home could free up more disposable income for you to live your life the way you want to.

Speak to Clive about equity release options available for you.

01706 615 622 / [email protected]

THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.

A FEE MAY BE CHARGED FOR MORTGAGE ADVICE. THE EXACT AMOUNT WILL DEPEND ON YOUR CIRCUMSTANCES

07/11/2023

With staggering increases in energy prices, fuel costs, food bills and national insurance, how are we all hoping to afford it?

If you’re over 55 and own your own home, Equity Release could be an option available to help you offset some of these rising costs.

Speak to our Clive today to find out more 01706 615 622 or email [email protected]

THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.

A FEE MAY BE CHARGED FOR MORTGAGE ADVICE. THE EXACT AMOUNT WILL DEPEND ON YOUR CIRCUMSTANCES

06/11/2023

View our latest blog here -

Equity Release might be right for you, but it’s important to think about both the pros and cons before making important decisions. Equity release can be a tempting financial solution for those over 55 looking to tap into the value of their homes. It provides a way to access cash, typically tax-fre...

05/11/2023

One of the most common myths around equity release is that it’ll cost your beneficiaries money they need to settle upon your death. The Equity Release Council ensure standards across equity release products, meaning that they have to abide by a ‘no negative equity guarantee’ rule. This means you’ll never owe more in repayments, than your house is worth.

To find out more about whether equity release is suitable for you, get in touch today.

01706 615 622 [email protected]

THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.

A FEE MAY BE CHARGED FOR MORTGAGE ADVICE. THE EXACT AMOUNT WILL DEPEND ON YOUR CIRCUMSTANCES

02/11/2023

Debt repayment is a popular use of equity release funds. Clearing your monthly debt repayments can bring not only peace of mind, but can free up monthly cash for you to spend on other things.

Get in touch today to see if equity release could be a suitable solution for your needs.

01706 615 622 / [email protected]

THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.

A FEE MAY BE CHARGED FOR MORTGAGE ADVICE. THE EXACT AMOUNT WILL DEPEND ON YOUR CIRCUMSTANCES