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WILL YOU EXPLAIN ALL COSTS DURING MY APPOINTMENT?

Yes, I will explain the different costs that may be applicable, for example, lender fees, solicitors fees

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HOW LONG WILL MY APPOINTMENT LAST?

Our appointment will take approximately 1.5 hours, as I will be gathering information from you so that I can truly understand your circumstances and needs.

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WHAT CAN I EXPECT FROM OUR MEETING?

From our meeting, you can expect that I will explain all the different types of mortgages and products available. So that you fully understand your mortgage and also the whole process from applying for a mortgage to completion.

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ONCE IHAVE APPLIED FOR THE MORTGAGE, HOW WILL I BE KEPT INFORMED?

As a minimum, I will contact you weekly to let you know how your application is progressing. But I will also contact you as I receive updates.

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WHAT PAPERWORK WILL YOU NEED AND WHY?

As standard I will need Identification, eg. passport or driving licence, Proof of your address, eg. Utility bills. I will need proof of your income. However, I will let you know prior to our appointment what documents I need you to have ready for the meeting.

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EQUITY RELEASE:
HOW CAN I BE SURE THAT MY BENEFICIARIES WILL INHERIT A SHARE OF MY PROPERTY?

Most lenders now offer 'Inheritance Protection' where you can ensure a certain percentage of your property value will be protected by your beneficiaries. This is something I will explain in full during our meeting.

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EQUITY RELEASE:

CAN I HAVE A FAMILY MEMBER PRESENT AT MY APPOINTMENT?

It is a good idea if family members can be present, as this then ensures they also understand how the Equity Release will work.

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EQUITY RELEASE: 

CAN I RECEIVE A MONTHLY INCOME FROM MY PROPERTY?

Yes, you can. Equity Release is available as a lump sum payment or as a monthly income for a specific length of time. During our meeting I will assess which option best suits your needs and circumstances.

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EQUITY RELEASE:

WILL I STILL OWN MY HOME?

There are two types of Equity Release available. One is HOme Reversion where you sell part of your home to the lender. The other is a Lifetime Mortgage where yuo maintain full ownership of your home. So yes, you will still own yur home. 

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EQUITY RELEASE: 

WILL I HAVE TO MAKE MONTHLY PAYMENTS?

No, there are Equity Release products available where you can make monthly payments if you wish, but, you can also have a 'roll-up' mortgage, where you don't make any payments and once you either die or go into long-term care, your home is sold and the mortgage repaid.