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 free at all.

In recent research we discovered that the average broker fee being charged to arrange a Lifetime Mortgage was £1281*, 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 …

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

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.

WITHDRAW CAPITAL and CREATE CASH RESERVES – 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

Names: James (45) his parents, both aged (68), Approaching Retirement, looking to release equity from their home.

James’s parents wanted to withdraw some equity so they could stay in their property,  which would allow them to remain close to their existing family and friends. They had been looking at properties in different areas, but simply did not wish to break ties with their families and friends that currently live nearby.

We arranged £150,000 capital withdrawal and £150,000 cash reserve at a very competitive interest rate, which reduced any concerns they had leaving money to James. In this case it was clear that our clients, did not need the whole amount they were being offered initially. but the thought of a cash reserve was re-assuring for them in the background.

Client Quotes: 

“All of our social connections and family members live close to our existing property, so it has been of great concern to us about what would happen once we decided to either “trade down” or release equity from our property. None of our “trade down” options were idea, so we elected to use a Lifetime Mortgage instead”. 

We had done a lot of research ourselves online, but every time we approached an adviser to arrange the mortgage they quoted us extortionate fees, plus they also wanted our personal details before downloading any information guide from their website, which we found this intrusive at such an early stage of the process”. 

Lifetime Mortgage Expert Advice … 

Lifetime Mortgages are an ideal way to release equity from your property, especially if you are looking to improve your finances without an ongoing commitment of monthly payments.  The majority of Lifetime products can be arranged without any proof of your income, especially those ones where there are zero ongoing monthly payments.

Most Lifetime Mortgage Advisers charge fees for their advice and will require you to give them your name, address, email and phone number, before you can even download their”free brochure or guide”. We believe that the most relevant and important facts about Lifetime Mortgages should be available to you to download free, without high pressure sales techniques.

Our guide is Free to Download and is available without you giving your personal details. This means that you make the decision of when to make the initial call to us for advice. When you decide to take a Lifetime Mortgage the Lifetime Mortgage Expert is likely to save on average of between £1281 and up to £2395 in broker fees up front.

We think that is a significant mount of money that you could be spending 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 – 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

Names: John and Marcus, Ages 55 and 62, Approaching Retirement, Existing Self Certified Mortgage (coming to an end)

John and Marcus were worried about their Interest Only mortgage which still was outstanding on their property valued at £900,000. They took out a Self certified mortgage around 15 years ago and were not required to provide a repayment vehicle by the lender. This means they are short of options to repay this amount, as the end of term gets nearer.

We helped them draw £100,000 on a Lifetime Mortgage to clear their £76,000 mortgage, so they could remain in their property and have a cash reserve to use as they choose. The new arrangement did not have any ongoing monthly payments and we didn’t charge them a broker fee for our advice.

Client Quotes: 

“It is very important to us both that we are able to remain in the property, without the pressures of moving and changing social aspects of our lives. The former Interest Only Mortgage had become a burden to us, with regular monthly payments that we felt these would become more troublesome as time moved on”. 

We had looked at several advice options, but felt that the adviser fees for advising us were very high, so finding a broker with a fees free proposition was important to us. We were surprised that there was so much difference between different financial advisers. in the amounts they charge?

Lifetime Mortgage Expert Advice … 

Lifetime Mortgages are an ideal way to repay an existing Interest Only Mortgage, especially for those that may have interest only mortgages coming to near the end of it’s term, or may wish to release themselves from the regime of monthly payments.  The majority of Lifetime products can be arranged without any proof of your income, especially ones where there are zero ongoing monthly payments.

Lifetime Mortgages have to be arranged through a qualified financial adviser, many of which only do in return for an agreed “broker fee”. The reality is that Lifetime Mortgage providers already offer brokers commissions for the business they submit, so effectively this means they are in fact being paid twice for the introduction.

This in theory means you should be able to arrange your Lifetime Mortgage through a financial adviser, without any adviser fees, if you find one that offer “Qualified Advice, Zero Broker Fee” like Lifetime Mortgage Expert, then you know that you are likely to save on average of between £1281 and up to £2395 in broker fees up front.

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.

Introducing “The Lifetime Mortgage Expert” – 30 Years Banking and Financial Services Experience

Adviser Career Biography – Chris Morgan, FPC, CeMap, CeRER 

Chris Morgan is the “Lifetime Mortgage Expert” at Unusual Mortgages, with 30 years experience in Banking, Financial, Insurance and Mortgage Industries. He has worked for three major banks in his career – Lloyds, HSBC and Barclays. He was the resident financial adviser for Barclays Regent Street, Liberty’s and Mayfair group of branches and been an Independent Financial Adviser since March 1999, when he created his own advisory practice Compass.

Awards …

He is a former Barclays Young Business Person of the year and a finalist in the Financial Times FT Adviser, Mortgage Adviser of the Year. He has also been a nominee at the European Diversity Awards for his campaigning work within human rights. Chris is one of the most consumer and media friendly financial advisers in the UK and has made many television appearances including GMTV presented by Lorraine Kelly, Simply Money on Sky Digital presented by Angela Rippon and The Money Channel presented by Gavin Campbell as their resident Financial Adviser.

Media …

He has contributed many features and interviews for consumer facing radio and media titles such as BBC Radio, Guardian Money, The Independent, The Financial Times, The Observer, Evening Standard, Money Observer, Real Money, The Telegraph, The Times and Time Out. He has also worked with many leading financial industry titles such as Cover Magazine, FT Adviser, Money Marketing, Mortgage Finance Gazette, Mortgage Introducer, Mortgage Strategy and Professional Adviser.

Experience …

With all of this qualified experience and knowledge at your service without a broker fee, firstly why would you try to arrange this type of product directly yourself through a product provider? And secondly why would you pay a broker a fee of up to £2395*, when you could get the same service without paying a fee? In our opinion high broker fees have little baring on the quality of advice you will receive, as Lifetime Mortgages are only offered by a small select group of product providers.

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

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, Retirement Mortgages and Regulated Equity Release 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 £1281* 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 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

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