FAQS

Taking out an equity release plan could leave your family with little or nothing to inherit from your property. You need to be comfortable with this possible outcome and may wish to discuss it with them before committing yourself. You may also want to consider including your family in any discussions you have with your financial adviser or your solicitor.

If you are considering releasing equity from your home to help younger family members get on the property ladder or pay for school or university fees etc. you need to consider the implications of releasing the equity now as it will not be available later should you need it for other purposes.

Lifetime mortgages are suitable for individuals or couple who own their own home which is their main residential property and are aged 55 or over. If you are taking out the plan with your partner, then the age of the youngest borrower must be at least 55. A valuation will form part of the application process to establish if the property is suitable as security.

Equity release is not based on your income, outgoings or credit record, lenders look at the value of your property your age and your health to decide how much they will lend.

No all initial meetings are free of charge.

We can meet in my office in Cheltenham during office hours, virtually via Teams or Zoom or we can meet at your home or place of work in Gloucestershire.

We need to take all your circumstances into account before we can give advice so we need: details of your income, outgoings liabilities and assets.

We will work with you to determine what protection you need and advise on the options available, we will tailor the solutions to tie in with any existing cover you have in place personally or with your employer.

This an insurance policy that pays out a lump sum if you are diagnosed with a pre-defined medical condition.

We break the process down into stages:

• Look at all aspects of your finances to understand you goals and objectives
• Assess how you feel about investment risk
• Determine your budget and agree your priorities
• Research solutions
• Present our recommendations and decide how you want to proceed
• Implement our agreed solutions and agree a review schedule