Experts in equity release and lifetime mortgages
If you want to release funds later on in life, equity release can be a suitable option. Utilising what is known as a lifetime mortgage, you can borrow against the value of your home. Whether you need to repay an existing Mortgage, repay other debts, want to give loved ones an early inheritance, simply want to fund a better lifestyle, we are here to help.
The Equity Release Advice Company provides honest, unbiased advice and support to homeowners in Malmesbury, Wiltshire and throughout the South West.
We travel to you and can visit at a time that suits you best.
FCA regulated
Rest assured knowing we are fully regulated by the Financial Conduct Authority, as well as a member of the
Equity Release Council.
How do lifetime mortgages work?
A lifetime mortgage has a few differences from a traditional mortgage. There is no set end-date, the agreement ends once the last homeowner passes away or is placed into long-term/permanent care.
There is no need to make repayments (optional payments can help reduce interest and the end sum) and the mortgage is settled from your estate after you're gone.
You can take advantage of an interest rate that is fixed for life
Is equity release right for me?
Equity Release isn’t right for everyone and if it’s not suitable for you, we’ll tell you. There may be better alternatives available for you and if there are, these will be discovered during the advice process.
We do not charge a fee for this part of the advice process.
How does the process work?
We start by arranging an initial meeting at a time that suits you. One of our advisors will visit your home to answer any questions or concerns about equity release. This can be done with just the homeowners, but you are welcome to bring another family member or friend along to attend meetings.
If we determine that equity release is a suitable option, we'll go away and will research the whole of the market to find the best solution for you. We will present the recommendation to you at a second meeting, where you are free to make a decision on if you want to go ahead.
There will be no obligation or pressure to go ahead, you are free to make your decision either way at any stage.
At this stage there will be no fees payable. A fee may be charged, but only if a Lifetime Mortgage completes. The fee will depend on your individual circumstances, but will be no more that £1295.
