We can provide professional advice on and arrange the following:
Your Property may be repossessed if you do not keep up repayments on your mortgage.
We will advise and make a recommendation if required regarding:
As with all insurance policies, conditions and exclusions apply.
Beverley Callander has been authorised to advise on Equity Release/Lifetime Mortgages since 2012.
A Lifetime Mortgage involves taking a type of mortgage which does not require monthly repayments, although with some plans rather than roll up the interest, you can opt to make monthly repayments if you wish. You retain ownership of your home and interest on the loan is rolled up (compounded). The loan and the roll up interest is repaid by your estate when you either die or move into long term care, If you are part of a couple, the repayment is not made until the last remaining person living either dies or moves into care, meaning that both you and your partner are free to live in your home for the rest of your lives.
If you take out a Lifetime Mortgage, you can choose to receive your funds in a lump sum or there is also an option available to increase the amount you have borrowed as and when you want to, up to the maximum limit agreed with the plan provider. You can also elect to protect some of the value of your property as an inheritance for your family, meaning that you can benefit from releasing equity while still retaining something to pass on to your children. Some people may be able to release larger lump sums due to impaired health or may prefer to make monthly repayment in part, or in full, with an option to roll up at later date if the monthly payments become unaffordable.
The fee for advice and arranging an Equity Release/ Lifetime Mortgage is £695.
Two face to face appointments are a requirement and she actively encourages you to have a family/friend present at both appointments. It is important to complete a comprehensive fact find, as an Equity Release plan may affect your tax position, your eligibility for means-tested benefits or your ability to move or sell your property.
All plans Beverley recommends if they suit your requirements are regulated under the Financial Conduct Authority and have the protection of the Equity Release Council, "No negative equity guarantee".
This is a lifetime Mortgage. To understand the features and risks, ask for a personalised illustration.
A lifetime mortgage is a long term commitment which could accumulate interest and is secured against your home. Equity release is not right for everyone and may reduce the value of your estate.
As my own mortgage was due to expire and my lenders at that time were not prepared to extend my mortgage term because of my age. Matters were becoming very stressful. I was referred to Beverley in an effort to source a Lifetime Mortgage via Equity release.
Beverley was extremely kind and most professional in all her dealings with me and came up with an alternative version of Equity release. Instead of Roll Up, she could get me Equity Release of part of the capital in my home which would settle the balance of my Mortgage and Credit Card debts, leaving a sizeable sum free to be passed on to my daughter. How? Why by paying the interest on the sum borrowed each month just like I would with a regular mortgage! No interest eating away at the inheritance I wanted to leave my daughter.
Without the help and advice provided by Beverley Callander I know I would just have followed the crowd financially. I am happy to recommend her wholeheartedly as a Mortgage Consultant with Professional Mortgage Advisers Ltd.
THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.Kay Samaan ~ 10th November 2017
Professional Mortgage Advisers Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd,which is authorised and regulated by the Financial Conduct Authority.
Registered Office: Professional Mortgage Advisers Ltd, 26 Spoutwells Drive, Scone, Perth, PH2 6RR. Registered Company Number: SC270934 Registered in Sotland.
The guidance and/or advice contained in this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.