Rhona Wiltshire CII | Adele Butt CeMAP
Independent Mortgage Brokers
Dorchester - Dorset
01305 360886

Rhona Wiltshire CII

Adele Holmes CeMAP

Dorchester - Dorset
01305 360886

Equity Release Mortgages Plans

As many of us are living longer, we are finding more and more equity tied up in our own properties. Equity release (also known as lifetime mortgages) allow for the equity to be released and used for many purposes. For people over the age of 55 you my have the option of releasing some equity to be used for other things without the need to give your home up.

At Independent UK Mortgages Dorset, we have whole of market access including the likes of Legal & General, Aviva, Canada Life, Key Retirement, Pure retirement along with many more.

It’s always better to talk your requirements though face to face along with any family members or friends that you’d like to be with you. We also offer you the option to do this over the phone should that be your preference.

From our initial conversation, we will always give you open and honest advice. We would also look into any alternative options which maybe available to you and very importantly, if Equity Release is not for you, we would let you know.

There are many variants of Equity Release and we would talk you through all these in clear and simple to understand communication. For example, you would have the option to make monthly interest payments, pay off lump sums each year or simply let the interest roll-up. We can also look to ring-fence some equity to guarantee some inheritance for your loved ones.
At Independent UK Mortgages Dorset we offer the following for people considering Equity Release:
  • Full assessment of your situation so that we give the best possible advice
  • Discuss with you and family / friends in the comfort of your own home or by phone
  • Calculate how much you could lend from different providers with interest rates
  • You may want to build an extension or make some home improvements
  • Gift funds to children or grandchildren to help them with a new home purchase
  • Pay off your existing mortgage and increase monthly disposable income
  • Pay for care in your own home and avoid going into a care home
  • Buy a dream holiday home or go on a holiday of a lifetime
  • Option to pay monthly interest to avoid rolled-up interest
  • Reduce inheritance tax exposure
  • Buy a new home if you do not quite have enough cash
Equity released from your home will be secured against it.

There are many options available with Equity Release products and our first consultation is free of charge.

Contact us today on 01305 360886