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