WITHDRAW CAPITAL and CREATE CASH RESERVES – USING LIFETIME MORTGAGES

By Chris Morgan | Published: 19th September 2018

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.

This entry was posted in Fees Free Mortgage Advice, Free Financial Advice, Interest Only Mortgage, Interst Only Mortgages, Lifetime Mortgages, Qualified Advice, Retirement Mortgages, Uncategorised, Zero Broker Fee and tagged , , , , , , . Bookmark the permalink.

  • 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 £100,000 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 £100,000 or more (this is not including cash reserve) instead we receive a commission from the mortgage lender.

    If you wish to draw less than £100,000 we may charge a small fee to ensure a minimum total earning of £1995. 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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