Equity release

Increasingly, those nearing or already in retirement may need to access the equity in their home in order to meet their financial objectives.

We are authorised to advise on all types of equity release product - although most common is the lifetime mortgage - which as the name suggests, is a long lasting and significant commitment.

Many find the topic of equity release a daunting one, although in the right circumstances, such products can help constitute a part of your financial planning and security for years to come. At Bigmore Associates, we are experienced in the area and well placed to offer knowledgeable and responsible advice on equity release, and whether it is right for you.

Here are some key features of a typical lifetime mortgage:

  • Interest is rolled up and added to the overall debt, meaning there is no need to make monthly payments, although you can usually make payments of up to 10 percent per annum should you wish to.

  • Because no monthly payments need to be made, the mortgage is not underwritten on personal affordability, but rather based solely on the value of your home.

  • The interest rate is fixed at a given level for life.

  • Under a lifetime mortgage, you still own your home and will continue to do so until you either die or enter long term care.

  • You can often withdraw a lump sum at outset, with the option of additional drawdown to be taken in future.

  • The cash raised from equity release is tax free.

  • Lifetime mortgages are usually available to those aged 55 or over.

Products are authorised and regulated by the Financial Conduct Authority (FCA).

 

IFA | Independent Financial Advisor | Walton | KT12 | Equity Release

Today, we offer a comprehensive range of services, from arranging a mortgage to the lifetime management of your finances. You can find us listed on many reputable financial directories such as www.unbiased.co.uk , www.finance-central.co.uk and www.ukfinancialadviser.co.uk.

Bigmore Associates is authorised and regulated by the Financial Conduct Authority.

Talk to us about:

Pension transfers
Pension savings
Stakeholder pensions
Occupational pension transfers
Self Invested Personal Pensions (SIPPs)
Retirement annuities
Impaired life annuities
Income drawdown
Group/Company Pension Schemes
Commercial Property Finance
Development Finance

Lifetime Mortgages
Buy to Let mortgages
Residential mortgages
Endowment reviews
Life assurance
Critical illness
Shareholder protection
Keyman assurance
Mortgage protection
Private Medical Insurance
Structured investments
Cash deposits

National Savings & Investments
ISA savings
OEIC portfolios
Offshore Bonds
Onshore Bonds
Alternative investments
Inheritance tax planning
Family trusts
Offshore savings
Inheritance trusts
Solicitors & Accountancy introductions
Lasting Power of Attorney

 Contact Adam by phone or email to arrange an initial appointment.

To find out more, call us on 01932 253939 or email us at info@bigmoreassociates.com © 2010. Bigmore Associates.

Bigmore Associates Ltd are Authorised and Regulated by the Financial Conduct Authority

Privacy Policy