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Lifetime
Mortgages - Consumer Information
(Professional
Advisers and Introducers, please click
here.)
At
H D Consultants we provide access to
the FSA regulated product, Lifetime
Mortgages.
THERE WILL BE A FEE
FOR MORTGAGE ADVICE. THE PRECISE
AMOUNT WILL DEPEND UPON YOUR
CIRCUMSTANCES BUT WE ESTIMATE IT TO BE
£500 ON A TYPICAL £50,000 MORTGAGE
AMOUNT. YOUR HOME MAY BE REPOSSESSED
IF YOU DO NOT KEEP UP REPAYMENTS ON
YOUR MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS PLEASE ASK FOR A PERSONALISED ILLUSTRATION.
For
years we have provided a comprehensive
'face to face' professional service
from CeRER qualified Consultants,
covering London and the south East
from our Head Office base in
Colchester, and our north London
office, too.
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Headed
up by Michael Becker CeRER,
CeCM, CeMap, Cert PFS (CII),
our independent, whole of market
advisory service provides
support and professional advice
to an ageing population for whom
this product is becoming an
increasingly significant aspect of
their financial planning.
Providers
We provide access to the UK's
leading Lenders ('whole of
market') including
comprehensive and full
information on product details
and scheme options.
Products:
For many older homeowners,
Lifetime Mortgages are designed
to unlock some of the value in
their homes. |
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This
special type of loan provides a lump
sum ,or monthly income proceeds,
typically to:
• Increase quality of life by
supplementing retirement income
• Make home improvements
• Buy a new car or holiday
home
• Reduce an inheritance tax
liability
The
loan and any interest is normally
repaid in one or more of the following
situations:
•
If you move into long term or
residential care
• If you move into sheltered
accommodation.
• If you buy another house to
live in.
• If you choose to repay all
or part of the loan.
• If the mortgage lender uses
their legal right to take possession
of the mortgaged property under the
terms of your contract.
• On death
H
D CONSULTANTS WILL HELP YOU TO CHECK
THAT THIS TYPE OF MORTGAGE WILL MEET
YOUR NEEDS IF YOU WANT TO MOVE OR SELL
YOUR HOME, OR IF YOU WANT YOUR FAMILY
TO INHERIT IT. IF YOU ARE IN
DOUBT, YOU SHOULD SEEK INDEPENDENT
ADVICE.
How
can H D Consultants help?
To contact our
consultants, please click here.
(Professional
Advisers, please
click
here.)
The
FSA Guide on this subject can be
downloaded here.
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