The Lifetime Mortgage Experts Top 10 Uses For Lifetime Equity Release ….

Here’s the Lifetime Mortgage Experts Top 10 Uses For Lifetime Equity Release …

Whether you are 55 or 75 there are many different reasons that people take out a Lifetime Mortgage

  1. Repay Existing Mortgage or Personal Debts
  2. Fund Holidays or Vacations
  3. Home Improvements or Alterations
  4. Landscape Gardening or Conservatory
  5. Replace Car or Buy Second Car
  6. Buy Caravan or Motorhome
  7. Move Home or Buy a Bungalow
  8. Help a Family Member Buy Property
  9. Supplement Pension Income
  10. Private Healthcare or Medical Bills

You can visit Chris Morgan’s Adviser Career Biography here …

Free Quick Guide Brochure

Lifetime Mortgage Expert offer a “Quick Guide To Lifetime Mortgages”, that provides all the relevant information you need free in a convenient PDF download. This document is not thirty pages of hard sell, it’s three pages of directly relevant information, containing all the essential things you need to know about Lifetime Mortgages.

Most importantly we make this download available to you, without you needing to give us any personal details up front, including your property value, address, phone number and email. There are many places you can try and get a free guide to Lifetime Mortgages, but most will want your personal details, so they can then keep phoning you and trying to sell their services and products to you.

Our policy is very different, we make our “Quick Guide” available free of charge, without collecting your personal data. When you are ready to proceed, we then ask you to call us to talk about your requirements. We will even make time to speak with you for around 15 minutes free of charge without any further commitment at that stage.

When we say our Quick Guide to Lifetime Mortgages is Free, we actually do mean FREE! See our other real life examples further down in this blog to read more about the types of Lifetime Mortgages available and the scenarios they can be used.

If you would like to download our Free Quick Guide To Lifetime Mortgages then visit www.lifetimemortgage.expert The Lifetime Mortgage Expert, Chris Morgan can also be reached by email at enquiries@lifetimemortgage.expert

Home Equity Release – Lifetime Mortgage Report – Spring 2019 – Part 2

How do you find the best Lifetime Mortgage products and interest rates? By Chris Morgan

Every quarter the Home Equity Release Council issue their latest industry figures, with the aim to raise the profile of Lifetime Mortgages. Over the last decade they have worked very hard to improve the standards of the products and financial advice standards available to consumers.

This week they released their “Spring 2019″ Report” that confirmed that the average interest rate of being charged to consumers taking a drawdown plan is 4.22%, with the average lump sum interest rate now 4.98%, these are in comparison to a combined interest rate charged in 2017 of 4.62%.

In my previous blog articles, I mentioned that with a recent case there had been a 0.82% difference between the highest and lowest interest rates for a client. This would have amounted to £60,000 of additional interest over the 22 years of the mortgage illustration term.

The point I’m making here is that immediately you can see if the industry average rate being offered is between 4.22% and 4.98%, somebody out there has probably ended up paying quite a bit more than they should, as there are many products coming in at below 4%. Those people need help from the Lifetime Mortgage Expert. “Qualified Advice, Zero Broker Fee”.

Generally there is a perception that Lifetime Mortgages have an expensive interest rate, which I find very interesting because many people who are now sitting on large amounts of Equity in their properties achieved this with the assistance of self certified mortgages in the past.

By comparison those self certified deals were certainly priced higher than 4% with the rates quoted by most lenders historically being between 4.99% and 5.99%. Most of deals offered between 2000 and 2010 were fixed rates for either 2, 3 or 5 years.

The Bank of England Base Rate was of course higher then it is today, but the lowest rates being charged for Lifetime Mortgages today are far less that what those mortgage consumers would have paid and of course this product also has no proof of income, because there are no monthly payments – with interest roll up.

Be sure to see Part 1 of this feature focused on the average amounts being borrowed and overall industry figures.

If you are looking for the best Lifetime Mortgage products, then The Lifetime Mortgage Expert will be able to help. We arrange Lifetime Mortgages with a proposition of “Qualified Advice, Zero Broker Fee”, which means you will save £1210* on average against the broker fees being charged.

Free Quick Guide Brochure

Lifetime Mortgage Expert offer a “Quick Guide To Lifetime Mortgages”, that provides all the relevant information you need free in a convenient PDF download. This document is not thirty pages of hard sell, it’s three pages of directly relevant information, containing all the essential things you need to know about Lifetime Mortgages.

Most importantly we make this download available to you, without you needing to give us any personal details up front, including your property value, address, phone number and email. There are many places you can try and get a free guide to Lifetime Mortgages, but most will want your personal details, so they can then keep phoning you and trying to sell their services and products to you.

Our policy is very different, we make our “Quick Guide” available free of charge, without collecting your personal data. When you are ready to proceed, we then ask you to call us to talk about your requirements. We will even make time to speak with you for around 15 minutes free of charge without any further commitment at that stage.

When we say our Quick Guide to Lifetime Mortgages is Free, we actually do mean FREE ! See our other real life examples further down in this blog to read more about the types of Lifetime Mortgages available and the scenarios they can be used.

If you would like to download our Free Quick Guide To Lifetime Mortgages then visit www.lifetimemortgage.expert The Lifetime Mortgage Expert, Chris Morgan can also be reached by email at enquiries@lifetimemortgage.expert

Chris Morgan’s full Biography can be read here …

Here is also a direct link to the Free Quick Guide …http://www.lifetimemortgage.expert/assets/Lifetime_Mortgage%20_Expert_Guide.pdf

*Please Note: 

Lifetime Mortgage Expert is a Trading Style of Unusual Mortgages who are authorised and regulated by the Financial Conduct Authority. Registration number 497173. We do not charge a broker fee for Lifetime Mortgages (without ongoing monthly payments) where the initial lump sum withdrawal is £50,000 or more (this is not including cash reserve) instead we receive a commission from the mortgage lender.

If you wish to draw less than £50,000 we may charge a small fee to ensure a minimum total earning of £995. Please contact us for a specific quotation. In the Lifetime Mortgage Survey 2019, the average broker fee being charged by a financial adviser for arranging a lifetime mortgage was £1210 and the largest fee charged was £2395.

Home Equity Release – Lifetime Mortgage Report – Spring 2019 – Part 1

What is the average amount borrowed on Lifetime Mortgages?

Every quarter the Home Equity Release Council release their latest industry figures, with the aim to raise the profile of Lifetime Mortgages. Over the last decade they have worked very hard to improve the standards of the products and financial advice standards available to consumers.

This week they released their “Spring 2019 Report” that confirmed the average amount being borrowed by consumers as Lump Sum Lifetime Mortgages, is now an average £93,966, with the amount that people are borrowing on a Drawdown Lifetime Mortgage now being £64,389 (Initial Installment).

These figures in themselves are not surprising, as they have remained fairly stable over the last few years. One of the more remarkable statistics the Home Equity Release Council released recently, was in Quarter Four 2018 the end of year overall lending figure was £3.94 billion.

That figure is far more remarkable in my opinion, especially considering all the adverse publicity that Lifetime Mortgages received towards the beginning of the decade. In fact over the last four years, the overall Lifetime Mortgage lending figure has grown by 268% from £1.07 Billion in Quarter Four 2013.

If the Lifetime Mortgage market was to grow gain by the same amount over the next four years that would equate to £14.49 Billion of borrowing. Now that is a huge figure, but what is perhaps a more believable figure is maybe the 2018 end of year figure doubling to around £8 Billion in the next five years.

My main reason for raising this point is that Lifetime Mortgages are the type of financial product that consumers are likely to need in uncertain economic times. Especially as they make key life changing decisions like taking retirement from work, utilising pensions, repaying mortgages and repaying debts.

Whatever your views on Lifetime Mortgages, they are most definately here to stay and as more products become available in the market, they will need to pay attention to product features and interest rates. Be sure to see Part 2 of this feature, focused on the average interest rates being charged for consumers from the Spring Report.

If you’re looking for the best Lifetime Mortgage products then the Lifetime Mortgage Expert will be able to help. We arrange Lifetime Mortgages with a proposition of “Qualified Advice, Zero Broker Fee”, which means you will save £1210* on average against the broker fees being charged.

Free Quick Guide Brochure

Lifetime Mortgage Expert offer a “Quick Guide To Lifetime Mortgages”, that provides all the relevant information you need free in a convenient PDF download. This document is not thirty pages of hard sell, it’s three pages of directly relevant information, containing all the essential things you need to know about Lifetime Mortgages.

Most importantly we make this download available to you, without you needing to give us any personal details up front, including your property value, address, phone number and email. There are many places you can try and get a free guide to Lifetime Mortgages, but most will want your personal details, so they can then keep phoning you and trying to sell their services and products to you.

Our policy is very different, we make our “Quick Guide” available free of charge, without collecting your personal data. When you are ready to proceed, we then ask you to call us to talk about your requirements. We will even make time to speak with you for around 15 minutes free of charge without any further commitment at that stage.

When we say our Quick Guide to Lifetime Mortgages is Free, we actually do mean FREE! See our other real life examples further down in this blog to read more about the types of Lifetime Mortgages available and the scenarios they can be used.

If you would like to download our Free Quick Guide To Lifetime Mortgages then visit www.lifetimemortgage.expert The Lifetime Mortgage Expert, Chris Morgan can also be reached by email at enquiries@lifetimemortgage.expert

Chris Morgan’s full Biography can be read here …

Here is also a direct link to the Free Quick Guide …http://www.lifetimemortgage.expert/assets/Lifetime_Mortgage%20_Expert_Guide.pdf

*Please Note: 

Lifetime Mortgage Expert is a Trading Style of Unusual Mortgages who are authorised and regulated by the Financial Conduct Authority. Registration number 497173. We do not charge a broker fee for Lifetime Mortgages (without ongoing monthly payments) where the initial lump sum withdrawal is £50,000 or more (this is not including cash reserve) instead we receive a commission from the mortgage lender.

If you wish to draw less than £50,000 we may charge a small fee to ensure a minimum total earning of £995. Please contact us for a specific quotation. In the Lifetime Mortgage Survey 2019, the average broker fee being charged by a financial adviser for arranging a lifetime mortgage was £1210 and the largest fee charged was £2395.

Lifetime Mortgages For Over 55’s – The Cost Of Buying The Wrong Product – Part 2 …

Would you pay a £10,000 redemption penalty to move Lifetime Mortgage?

One national newspaper recently reported that a couple had recently done exactly that and paid a £10,000 redemption penalty to escape their “Sky-High Equity Release Rate”, in order to secure a better long term interest rate deal on their Lifetime Mortgage.

If you visit part 1 of this article you will see that in one of our recent case examples, we found a 0.82% difference between the cheapest and most expensive product for the same amount of loan. The overall difference in interest paid over 22 years would have been £60,000 which I’m sure you would agree is hugely significant.

You can read the article here …

Without any doubt if an existing Lifetime Mortgage holder had been locked into that higher interest rate, it would have been worth considering paying a redemption penalty to move. This of course is not “conventional” financial advice and any such decision should only be made after taking professional expert advice.

This recent news story raises a highly relevant and topical issue in my opinion of whether it is time to consider the unthinkable? Are Lifetime Mortgages really for Lifetime? Should people on higher long term “Historic” interest rates be re-considering their Lifetime Mortgage options?

With Interest Rates currently so low, it’s apparent that existing Lifetime Mortgage holders, particularly those with larger outstanding loans, should be asking a “Lifetime Mortgage Expert” to run some calculations for them. Are you paying too much interest on your Lifetime Mortgage?

If you require advice on Lifetime Mortgages you can contact The Lifetime Mortgage Expert at Unusual Mortgages on 0845 474 3075. We would be very happy to assist you in finding the right product, without charging you a broker fee for arranging your Lifetime Mortgage. “Qualified Advice, Zero Broker Fee*”.

Free Quick Guide Brochure

Lifetime Mortgage Expert offer a “Quick Guide To Lifetime Mortgages”, that provides all the relevant information you need free in a convenient PDF download. This document is not thirty pages of hard sell, it’s three pages of directly relevant information, containing all the essential things you need to know about Lifetime Mortgages.

Most importantly we make this download available to you, without you needing to give us any personal details up front, including your property value, address, phone number and email. There are many places you can try and get a free guide to Lifetime Mortgages, but most will want your personal details, so they can then keep phoning you and trying to sell their services and products to you.

Our policy is very different, we make our “Quick Guide” available free of charge, without collecting your personal data. When you are ready to proceed, we then ask you to call us to talk about your requirements. We will even make time to speak with you for around 15 minutes free of charge without any further commitment at that stage.

When we say our Quick Guide to Lifetime Mortgages is Free, we actually do mean FREE ! See our other real life examples further down in this blog to read more about the types of Lifetime Mortgages available and the scenarios they can be used.

If you would like to download our Free Quick Guide To Lifetime Mortgages then visit www.lifetimemortgage.expert The Lifetime Mortgage Expert, Chris Morgan can also be reached by email at enquiries@lifetimemortgage.expert

Chris Morgan’s full Biography can be read here …

Here is also a direct link to the Free Quick Guide …http://www.lifetimemortgage.expert/assets/Lifetime_Mortgage%20_Expert_Guide.pdf

*Please Note: 

Lifetime Mortgage Expert is a Trading Style of Unusual Mortgages who are authorised and regulated by the Financial Conduct Authority. Registration number 497173. We do not charge a broker fee for Lifetime Mortgages (without ongoing monthly payments) where the initial lump sum withdrawal is £50,000 or more (this is not including cash reserve) instead we receive a commission from the mortgage lender.

If you wish to draw less than £50,000 we may charge a small fee to ensure a minimum total earning of £995. Please contact us for a specific quotation. In the Lifetime Mortgage Survey 2019, the average broker fee being charged by a financial adviser for arranging a lifetime mortgage was £1210 and the largest fee charged was £2395.



Lifetime Mortgages For Over 55’s – The Cost Of Buying The Wrong Product – Part 1 …

The long term cost would have been £60,000 for one recent client!

Whilst researching a recent Lifetime Mortgage case it was apparent there were a number of potential lenders willing to advance the £156,000 lump sum that was required by my client. However, the cheapest fixed interest rate available to our client was 0.82% less than the most expensive one.

On face value it doesn’t sound a big difference, until you take into consideration that many “Lifetime Mortgage” lenders, offer fixed rate products for the whole duration of the mortgage. As the Interest rolls up on a Lifetime Mortgage, this would mean the 0.82% difference would be compounded through until the end of the life of the mortgage.

The difference over 22 years for this particular client, would have amounted to £60,044 of additional interest, which I’m sure you would agree is a hugely significant sum of money. This example shows the effect of selecting the wrong Lifetime Mortgage product and the benefit of comparing the “whole of the market” using a Lifetime Mortgage Expert.

Our clients Peter (aged 70) and Penelope (aged 66) were both retired and looking to utilise their property asset, so they could stay close to their family and friends in their locality. They had looked at the option of downsizing to a smaller property, but couldn’t find the right home at the right price locally.

They decided to draw £156,000 as a lump sum, but we also arranged an equivalent flexible facility should they need extra money in the future. In line with our “Qualified Advice, Zero Broker Fee”* proposition, we did not charge the client any broker fee for arranging this lifetime mortgage.

It does raise the question with Interest Rates currently so low, are there existing Lifetime Mortgage holders that should consider “re-mortgaging”? Are they paying too much interest on their existing mortgage? Be sure to check the “The Cost Of Getting The Wrong Product – Part 2”.

You can read the article here …

If you require advice on Lifetime Mortgages you can contact The Lifetime Mortgage Expert at Unusual Mortgages on 0845 474 3075. We would be very happy to assist you in finding the right product, without charging you a broker fee for arranging your Lifetime Mortgage.

Free Quick Guide Brochure

Lifetime Mortgage Expert offer a “Quick Guide To Lifetime Mortgages”, that provides all the relevant information you need free in a convenient PDF download. This document is not thirty pages of hard sell, it’s three pages of directly relevant information, containing all the essential things you need to know about Lifetime Mortgages.

Most importantly we make this download available to you, without you needing to give us any personal details up front, including your property value, address, phone number and email. There are many places you can try and get a free guide to Lifetime Mortgages, but most will want your personal details, so they can then keep phoning you to sell their services and products to you.

Our policy is very different, we make our “Quick Guide” available free or charge, without collecting your personal data. When you are ready to proceed, we then ask you to call us to talk about your requirements. We will even make time to speak with you for around 15 minutes free of charge without any further commitment at that stage.

When we say our Quick Guide to Lifetime Mortgages is Free, we actually do mean FREE! See our other real life examples further down in this blog to read more about the types of Lifetime Mortgages available and the scenarios they can be used.

If you would like to download our Free Quick Guide To Lifetime Mortgages then visit www.lifetimemortgage.expert The Lifetime Mortgage Expert, Chris Morgan can also be reached by email at enquiries@lifetimemortgage.expert

Chris Morgan’s full Biography can be read here …

Here is also a direct link to the Free Quick Guide …

http://www.lifetimemortgage.expert/assets/Lifetime_Mortgage%20_Expert_Guide.pdf

*Please Note: 

Lifetime Mortgage Expert is a Trading Style of Unusual Mortgages who are authorised and regulated by the Financial Conduct Authority. Registration number 497173. We do not charge a broker fee for Lifetime Mortgages (without ongoing monthly payments) where the initial lump sum withdrawal is £50,000 or more (this is not including cash reserve) instead we receive a commission from the mortgage lender.

If you wish to draw less than £50,000 we may charge a small fee to ensure a minimum total earning of £995. Please contact us for a specific quotation. In the Lifetime Mortgage Survey 2019, the average broker fee being charged by a financial adviser for arranging a lifetime mortgage was £1210 and the largest fee charged was £2395.

Lifetime Mortgages For Over 55’s – The Cost Of Getting The Wrong Product – Part 2 …

Would you pay a £10,000 redemption penalty to move Lifetime Mortgage?

One national newspaper recently reported that a couple had recently done exactly that and paid a £10,000 redemption penalty to escape their “Sky-High Equity Release Rate”, in order to secure a better long term interest rate deal on their Lifetime Mortgage.

If you visit part 1 of this article you will see that in one of our recent case examples, we found a 0.82% difference between the cheapest and most expensive product for the same amount of loan. The overall difference in interest paid over 22 years would have been £60,000 which I’m sure you would agree is hugely significant.

You can read the article here …

Without any doubt if an existing Lifetime Mortgage holder had been locked into that higher interest rate, it would have been worth considering paying a redemption penalty to move. This of course is not “conventional” financial advice and any such decision should only be made after taking professional expert advice.

This recent news story raises a highly relevant and topical issue in my opinion of whether it is time to consider the unthinkable? Are Lifetime Mortgages really for Lifetime? Should people on higher long term “Historic” interest rates be re-considering their Lifetime Mortgage options?

With Interest Rates currently so low, it’s apparent that existing Lifetime Mortgage holders, particularly those with larger outstanding loans, should be asking a “Lifetime Mortgage Expert” to run some calculations for them. Are you paying too much interest on your Lifetime Mortgage?

If you require advice on Lifetime Mortgages you can contact The Lifetime Mortgage Expert at Unusual Mortgages on 0845 474 3075. We would be very happy to assist you in finding the right product, without charging you a broker fee for arranging your Lifetime Mortgage. “Qualified Advice, Zero Broker Fee*”.

Free Quick Guide Brochure

Lifetime Mortgage Expert offer a “Quick Guide To Lifetime Mortgages”, that provides all the relevant information you need free in a convenient PDF download. This document is not thirty pages of hard sell, it’s three pages of directly relevant information, containing all the essential things you need to know about Lifetime Mortgages.

Most importantly we make this download available to you, without you needing to give us any personal details up front, including your property value, address, phone number and email. There are many places you can try and get a free guide to Lifetime Mortgages, but most will want your personal details, so they can then keep phoning you and trying to sell their services and products to you.

Our policy is very different, we make our “Quick Guide” available free of charge, without collecting your personal data. When you are ready to proceed, we then ask you to call us to talk about your requirements. We will even make time to speak with you for around 15 minutes free of charge without any further commitment at that stage.

When we say our Quick Guide to Lifetime Mortgages is Free, we actually do mean FREE ! See our other real life examples further down in this blog to read more about the types of Lifetime Mortgages available and the scenarios they can be used.

If you would like to download our Free Quick Guide To Lifetime Mortgages then visit www.lifetimemortgage.expert The Lifetime Mortgage Expert, Chris Morgan can also be reached by email at enquiries@lifetimemortgage.expert

Chris Morgan’s full Biography can be read here …

Here is also a direct link to the Free Quick Guide …http://www.lifetimemortgage.expert/assets/Lifetime_Mortgage%20_Expert_Guide.pdf

*Please Note: 

Lifetime Mortgage Expert is a Trading Style of Unusual Mortgages who are authorised and regulated by the Financial Conduct Authority. Registration number 497173. We do not charge a broker fee for Lifetime Mortgages (without ongoing monthly payments) where the initial lump sum withdrawal is £50,000 or more (this is not including cash reserve) instead we receive a commission from the mortgage lender.

If you wish to draw less than £50,000 we may charge a small fee to ensure a minimum total earning of £995. Please contact us for a specific quotation. In the Lifetime Mortgage Survey 2019, the average broker fee being charged by a financial adviser for arranging a lifetime mortgage was £1210 and the largest fee charged was £2395.

Lifetime Mortgages For Over 55’s – The Cost Of Getting The Wrong Product – Part 1 …

The long term cost would have been £60,000 for one recent client!

Whilst researching a recent Lifetime Mortgage case it was apparent there were a number of potential lenders willing to advance the £156,000 lump sum that was required by my client. However, the cheapest fixed interest rate available to our client was 0.82% less than the most expensive one.

On face value it doesn’t sound a big difference, until you take into consideration that many “Lifetime Mortgage” lenders, offer fixed rate products for the whole duration of the mortgage. As the Interest rolls up on a Lifetime Mortgage, this would mean the 0.82% difference would be compounded through until the end of the life of the mortgage.

The difference over 22 years for this particular client, would have amounted to £60,044 of additional interest, which I’m sure you would agree is a hugely significant sum of money. This example shows the effect of selecting the wrong Lifetime Mortgage product and the benefit of comparing the “whole of the market” using a Lifetime Mortgage Expert.

Our clients Peter (aged 70) and Penelope (aged 66) were both retired and looking to utilise their property asset, so they could stay close to their family and friends in their locality. They had looked at the option of downsizing to a smaller property, but couldn’t find the right home at the right price locally.

They decided to draw £156,000 as a lump sum, but we also arranged an equivalent flexible facility should they need extra money in the future. In line with our “Qualified Advice, Zero Broker Fee”* proposition, we did not charge the client any broker fee for arranging this lifetime mortgage.

It does raise the question with Interest Rates currently so low, are there existing Lifetime Mortgage holders that should consider “re-mortgaging”? Are they paying too much interest on their existing mortgage? Be sure to check the “The Cost Of Getting The Wrong Product – Part 2”.

You can read the article here …

If you require advice on Lifetime Mortgages you can contact The Lifetime Mortgage Expert at Unusual Mortgages on 0845 474 3075. We would be very happy to assist you in finding the right product, without charging you a broker fee for arranging your Lifetime Mortgage.

Free Quick Guide Brochure

Lifetime Mortgage Expert offer a “Quick Guide To Lifetime Mortgages”, that provides all the relevant information you need free in a convenient PDF download. This document is not thirty pages of hard sell, it’s three pages of directly relevant information, containing all the essential things you need to know about Lifetime Mortgages.

Most importantly we make this download available to you, without you needing to give us any personal details up front, including your property value, address, phone number and email. There are many places you can try and get a free guide to Lifetime Mortgages, but most will want your personal details, so they can then keep phoning you to sell their services and products to you.

Our policy is very different, we make our “Quick Guide” available free or charge, without collecting your personal data. When you are ready to proceed, we then ask you to call us to talk about your requirements. We will even make time to speak with you for around 15 minutes free of charge without any further commitment at that stage.

When we say our Quick Guide to Lifetime Mortgages is Free, we actually do mean FREE! See our other real life examples further down in this blog to read more about the types of Lifetime Mortgages available and the scenarios they can be used.

If you would like to download our Free Quick Guide To Lifetime Mortgages then visit www.lifetimemortgage.expert The Lifetime Mortgage Expert, Chris Morgan can also be reached by email at enquiries@lifetimemortgage.expert

Chris Morgan’s full Biography can be read here …

Here is also a direct link to the Free Quick Guide …

http://www.lifetimemortgage.expert/assets/Lifetime_Mortgage%20_Expert_Guide.pdf

*Please Note: 

Lifetime Mortgage Expert is a Trading Style of Unusual Mortgages who are authorised and regulated by the Financial Conduct Authority. Registration number 497173. We do not charge a broker fee for Lifetime Mortgages (without ongoing monthly payments) where the initial lump sum withdrawal is £50,000 or more (this is not including cash reserve) instead we receive a commission from the mortgage lender.

If you wish to draw less than £50,000 we may charge a small fee to ensure a minimum total earning of £995. Please contact us for a specific quotation. In the Lifetime Mortgage Survey 2019, the average broker fee being charged by a financial adviser for arranging a lifetime mortgage was £1210 and the largest fee charged was £2395.

WHY WOULD YOU? … Pay Advice Fees When Arranging Any Lifetime Mortgages?

Leading The Way by Chris Morgan

“The Lifetime Mortgage Expert” is leading the financial industry in helping consumers to find the best Lifetime Mortgage advice, without any broker fees. For those withdrawing £50,000 or more from the property (which is around half of the national average withdrawal), we are able to provide this service without charging any advice fee at all.

In recent research we discovered that the average broker fee being charged to arrange a Lifetime Mortgage was £1210*, while the largest fee charged was £2395*. Although the industry guidance does allow brokers to make an advice charge, we think the  charges are currently are currently high considering brokers also receive  commission on these products from providers.

So what we offer is “Qualified Advice, Zero Broker Fee”.

Four Questions For You?

Firstly, why would you pay a broker fee when you are able to get highly experienced and qualified advice, without doing so elsewhere?

Secondly why would you try to arrange a highly regulated financial product yourself, which needs a higher level mortgage qualification for financial advisers, when you could receive advice without paying a broker fee?

Thirdly why would you continue with any mortgage quote or illustration elsewhere, if they are charging you a broker fee for their advice, when the same advice is free elsewhere?

… and lastly why would you continue to shop around further when you are already have found the highest quality advice, with zero broker fee?

Free Quick Guide Brochure

We are also leading the way with our “Quick Guide To Lifetime Mortgages”, by providing all the relevant information you need free in a convenient PDF download. This document is not thirty pages of hard sell, it’s three pages of directly relevant information, containing all the essential things you need to know about Lifetime Mortgages.

Most importantly we make this download available to you without you needing to give us any personal details up front, including your property value, address, phone number and email. There are many places you can try and get a free guide to Lifetime Mortgages, but most will want your personal details, so they can then keep phoning you and trying to sell their services and products to you.

Our policy is very different, we make our “Quick Guide” available free or charge, without collecting your personal data. At the moment you are ready to proceed, we then ask you call us to talk about your requirements. We will even make time to speak with you for around 15 minutes free of charge without any further commitment at that stage.

When we say our Quick Guide to Lifetime Mortgages is Free, we actually do mean FREE ! See our Real Life Situations examples further down in this blog to read more about the types of Lifetime Mortgages available and the scenarios they can be used.

If you would like to download our Free Quick Guide To Lifetime Mortgages then visit www.lifetimemortgage.expert The Lifetime Mortgage Expert, Chris Morgan can also be reached by email at enquiries@lifetimemortgage.expert

Chris Morgan’s full Biography can be read here …

Here is also a direct link to the Free Quick Guide …

http://www.lifetimemortgage.expert/assets/Lifetime_Mortgage%20_Expert_Guide.pdf

*Please Note: 

Lifetime Mortgage Expert is a Trading Style of Unusual Mortgages who are authorised and regulated by the Financial Conduct Authority. Registration number 497173. We do not charge a broker fee for Lifetime Mortgages (without ongoing monthly payments) where the initial lump sum withdrawal is £50,000 or more (this is not including cash reserve) instead we receive a commission from the mortgage lender.

If you wish to draw less than £50,000 we may charge a small fee to ensure a minimum total earning of £995. Please contact us for a specific quotation. In the Lifetime Mortgage Survey 2019, the average broker fee being charged by a financial adviser for arranging a lifetime mortgage was £1210 and the largest fee charged was £2395

BUY A NEW HOME and MAXIMISE PROPERTY ASSETS – USING LIFETIME MORTGAGES

DOWNLOAD YOUR FREE QUICK GUIDE TO LIFETIME MORTGAGES AT OUR WEBSITE LINK AT THE END OF THIS ARTICLE.

THIS GUIDE IS TOTALLY FREE WITHOUT US TAKING ANY OF YOUR PERSONAL DETAILS, CALL US IN YOUR OWN TIME, INSTEAD OF US CALLING YOU !

Real Life Situations by Chris Morgan

Geoff, Aged 68 and Margaret Aged 66, “Trading Down” Property, Releasing Equity

Geoff and Margaret want to make their next house move, their final house move, so they are closer to their children and grandchildren. They have been concerned that the amount of equity in their current property may not be enough to complete the move to the area they most desire.

What they didn’t realise is that until they spoke to us is that a Lifetime Mortgage can also be used to purchase a new or existing property. So, we recently arranged for them a £150,000 Lifetime Mortgage, which allowed them to complete their new house purchase and also release equity from their property, without having to make any monthly payments to any lender.

Client Quotes: 

“Our children and grand children are the most important and precious things in our lives and we simply decided we wanted to be closer to them. After looking at the property prices near them, we thought the possibility of this happening, was very slim and had almost given up on the idea”.  

“We decided to contact The Lifetime Mortgage Expert after reading that a Lifetime Mortgage can also be used for a new property purchase. This meant that we were able to release more equity as part of the deal to fund expenses and also have some left over for treating our grandchildren. Lifetime Mortgage Expert didn’t even charge us a broker fee for their advice.”. 

Lifetime Mortgage Expert Advice … 

Very few people realise that Lifetime Mortgages can also be used to purchase property and are not just for releasing equity. This means people over age of 55 also have the option of moving house, instead of releasing or withdrawing capital. Of course, this is providing the amount the lender is prepared to offer matches your requirements.

Even though the mortgage has been used to purchase a property, it can still be without having to pay any ongoing monthly payments after completion. As long as the solicitor has a mortgage offer in place at completion, they will be able to complete all the legal process in exactly the same way as any other Mortgage.

Also as with any Lifetime Mortgage over £50,000 initial borrowing, The Lifetime Mortgage Expert arranges, a broker fee will not be charged. This means you are likely to save between £1281 and £2395 in broker fees, as we offer “Qualified Advice, With Zero Broker Fee*”. We are the UK’s leading “Zero Broker Fee”, Lifetime Mortgage Brokers.

We think that is a significant mount of money that you could be using on a nice long weekend break away somewhere instead?

If you would like to download our Free Quick Guide To Lifetime Mortgages then visit www.lifetimemortgage.expert Our Lifetime Mortgage Expert Chris Morgan can also be reached by email at enquiries@lifetimemortgage.expert

Chris Morgan’s full Biography can be read here …

http://lifetime-mortgage.expert/adviser-career-biography-chris-morgan/

Here is also a direct link to the Free Quick Guide …

http://www.lifetimemortgage.expert/assets/Lifetime_Mortgage%20_Expert_Guide.pdf

*Please Note: 

Lifetime Mortgage Expert is a Trading Style of Unusual Mortgages who are authorised and regulated by the Financial Conduct Authority. Registration number 497173. We do not charge a broker fee for Lifetime Mortgages without ongoing monthly payments where the initial lump sum withdrawal is £50,000 or more (this is not including cash reserve) instead we receive a commission from the mortgage lender.

If you wish to draw less than £50,000 we may charge a small fee to ensure a minimum total earning of £995. Please contact us for a specific quotation. In the Lifetime Mortgage Survey 2018, the average broker fee being charged by a financial adviser for arranging a lifetime mortgage was £1281 and the largest fee charged was £2395

REPAY YOUR INTEREST ONLY MORTGAGE and WITHDRAW LUMP SUM WITHDRAWAL – USING A LIFETIME MORTGAGE

DOWNLOAD YOUR FREE QUICK GUIDE TO LIFETIME MORTGAGES AT OUR WEBSITE LINK AT THE END OF THIS ARTICLE.

THIS GUIDE IS TOTALLY FREE WITHOUT US TAKING ANY OF YOUR PERSONAL DETAILS, CALL US IN YOUR OWN TIME, INSTEAD OF US CALLING YOU !

Real Life Situations by Chris Morgan

Eric, Aged 67, With large existing mortgage, also wishing to supplement pension income.

Eric approached us wanting to finish his existing “Interest Only” mortgage and also withdraw the maximum amount he could from his property while he is able to still enjoy travelling and make the most of the funds. His mortgage term is coming to an end in the near future and he wants to remove the burden of making regular monthly payments.

We arranged a £500,000 Equity release, which cleared an outstanding Interest Only mortgage and made available £250,000 to use as he chooses. This meant that he didn’t have to move away from the area that he’s lived for the majority of his working life and where he has been a member of the local golf club, where he spends a great deal of his time.

Client Quotes: 

“I couldn’t bare the idea of having to join another golf club after being a member of my existing one for so long, of course my priority was to finish the mortgage and have financial freedom each month. By having a mortgage without any monthly payments it means that I can pay the membership fees, without an worries and have plenty left over for other things.  

“I had approached a broker before finding “The Lifetime Mortgage Expert”, but they had wanted to charge me a broker fee of over £2000 pounds, which prompted me to look online and see what options there were out there “Fees Free”. With the money saved In fees I was able to book an extra golfing weekend away in Scotland”. 

Lifetime Mortgage Expert Advice … 

Lifetime Mortgages have a variety of uses and in recent real life situations, we can see that many people use them to repay their existing Interest Only Mortgage outstanding with lenders. There might be a variety of reasons they took out an interest only mortgage in the fist place, but the theme they all have in common is that the mortgage will need to be repaid at some point.

We have met a number of borrowers over the last year that have been sent letters by their lenders because their mortgage terms are ending. Some lenders are known to be inpatient on this issue and can even treat this as a breach of mortgage contract if the borrower doesn’t repay the debt on time.

Thankfully there are now several Lifetime Mortgage options that people can use to end their existing mortgage, without the burden of having any ongoing monthly payments. With The Lifetime Mortgage Expert, you are likely to save between £1281 and £2395 in broker fees, as we offer “Qualified Advice, With Zero Broker Fee*”.

We think that is a significant mount of money that you could be using on a nice long weekend break away somewhere instead?

If you would like to download our Free Quick Guide To Lifetime Mortgages then visit www.lifetimemortgage.expert Our Lifetime Mortgage Expert Chris Morgan can also be reached by email at enquiries@lifetimemortgage.expert

Chris Morgan’s full Biography can be read here …

http://lifetime-mortgage.expert/adviser-career-biography-chris-morgan/

Here is also a direct link to the Free Quick Guide …

http://www.lifetimemortgage.expert/assets/Lifetime_Mortgage%20_Expert_Guide.pdf

*Please Note: 

Lifetime Mortgage Expert is a Trading Style of Unusual Mortgages who are authorised and regulated by the Financial Conduct Authority. Registration number 497173. We do not charge a broker fee for Lifetime Mortgages (without ongoing monthly payments) where the initial lump sum withdrawal is £50,000 or more (this is not including cash reserve) instead we receive a commission from the mortgage lender.

If you wish to draw less than £50,000 we may charge a small fee to ensure a minimum total earning of £995. Please contact us for a specific quotation. In the Lifetime Mortgage Survey 2018, the average broker fee being charged by a financial adviser for arranging a lifetime mortgage was £1281 and the largest fee charged was £2395.

  • Lifetime Mortgages

    “Qualified Advice, Zero Broker Fee”

    Unusual Mortgages are Independent Mortgage Advisers who specialise in Lifetime Mortgages, Retirement Mortgages and Regulated Equity Release for over 55’s. Our resident “Lifetime Mortgage Expert” is Chris Morgan who has 30 years experience in Banking, Finance and Mortgage Advice. You can read his career biography at the link below this column. We have agencies with all the major lifetime mortgage providers and are able to provide Independent advice from the Whole of the market.

    Products …

    The concept of Lifetime Mortgages, Retirement Mortgages and Regulated Equity Release for over 55’s has grown massively over the last 20 years. It is very true that the initial products that were released into the market received poor press and were not popular. However, in more recent times these products have become highly regulated, with product providers having to meet industry standards and provide certain assurances and guarantees over negative equity – we think this is a very good thing.

    Qualications …

    Financial Advisers also have to pass a higher level qualification to be able to arrange Lifetime Mortgages, Retirement Mortgages and Regulated Equity Release. However, we have noticed that consumers have been left with a difficult choice between “chicken farm” financial advice by companies offering these products in huge volume, or local financial advisers who rarely are asked for advice in this area. Your alternative is to approach Chris Morgan, the UK’s leading Lifetime Mortgage Expert, who specialises in mortgage products for people over 55 without charging a broker fee*.

    Fees …

    He offers highly experienced “Qualified Advice, Zero Broker Fee”, which means those drawing £50,000 or more are likely to save themselves an average of £1210* in brokers fees. Instead of offering you a free pen, calculator or shopping vouchers with your quotation, we offer you enough of a saving on your advice fees advice fees equivalent to a weekend break away? Chris is always interested to hear which destination you would choose with the money you will save?

    *Please Note: 

    Lifetime Mortgage Expert is a Trading Style of Unusual Mortgages who are authorised and regulated by the Financial Conduct Authority. Registration number 497173. We do not charge a broker fee for Lifetime Mortgages (without ongoing monthly payments) where the initial lump sum withdrawal is £50,000 or more (this is not including cash reserve) instead we receive a commission from the mortgage lender.

    If you wish to draw less than £50,000 we may charge a small fee to ensure a minimum total earning of £995. Please contact us for a specific quotation. In the Lifetime Mortgage Survey 2019, the average broker fee being charged by a financial adviser for arranging a lifetime mortgage was £1210 and the largest fee charged was £2395

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