Best 4U of Kettering Northamptonshire provide the Equity Release/Lifetime Mortgage Advice and Support for people aged over 55.
Equity Release Mortgages in the past have had bad press, mainly because they were not regulated and unsuitable schemes were sold to people, leaving them in financial difficulty, they are now regulated under the FCA (Financial Conduct Authority) and lenders are required to be members of The Equity Release Council where as part of the code of conduct all plans must carry a ‘No Negative Equity Guarantee’
These mortgages can be an excellent way to finance retirement plans or create some extra cash to maintain or improve lifestyle or a way to continue an interest only mortgage in order to keep you in your home.
As an independent firm we have historically advised and arranged Equity Release Mortgages for people across the UK. Our advice is impartial and honest. Our success is built on listening to clients needs and finding the Best product 4U – as part of our advice process we also ascertain whether a normal mortgage may suit you better.
Typically if you are aged over 55 and your property is valued at over £70,000, is a freehold or long leasehold, then there is a chance there is a product out there 4U. Our recommended products apply to mainland England, Isle of Wight, Scotland or Wales.
You can borrow a one off lump sum or several cash withdrawals as and when they are needed or take the cash as income monthly.
You would be responsible for legal fees and all others fees, some are upfront, some can be added and some are free, they are always listed in the illustration which you will receive prior to making your final decision.
There are now many types of Equity Release/Lifetime mortgages
Reasons for Equity Release:
If your scenario doesn’t fit any of these, then don’t worry, just give us a call and tell us what it is your looking to do and we can give you an idea of whether its feasible or not.
The Best 4U team have over 20 years experience. We are a broker which means that we search the market for the best Equity Release (Lifetime) mortgage for you according to the details you provide to us during our first meeting/contact.
We have access to the whole of the market with exclusive deals like free valuations or low arrangement fees. Over years we have built up very good relationships with these lenders.
We also arrange your associated insurances like buildings & contents ensuring we get you the best deal because we have access to a wide variety of companies.
Our fees are £50 upfront, with £250 on application and £250 on completion.