What is Equity Release?
Lifetime Mortgage is a generic term for a loan with an indefinite period. It can be for a new house purchase or if the property is already owned, capital raising from it is referred to as equity release. MoneyHelper provides an explanation of equity release and the range of products that let those over the age of 55 unlock the equity tied up in their home.
Many choose to release capital so that they can free themselves from debt, help loved ones with a house deposit or provide funds for their grandchildren’s education. Others make improvements to their home to make retirement more enjoyable or take a trip of a lifetime.
Whatever your reason is or if you just want to explore the possibilities our team will help you navigate the equity release options.
Please Note: Equity Release may impact the size of your estate and it could affect your entitlement to future means tested benefits. As these products are a lifetime mortgage (home reversion scheme), to understand the features and risks, you should always ask for a personalised illustration.
Why choose us?
Equity release is not for everyone. We will look carefully at your circumstances and your reasons for wishing to release capital from your property. If you have savings and investments elsewhere, we may recommend against equity release. Equally if you do not have a specific need then this route may not be for you.
As independent financial advisers we look at the big picture, consider a range of future scenarios, such as whether at some stage you may wish to downsize, so together we can explore all the alternative options available to you.
We want to help you achieve your goals but not to your detriment, so we will take time to help you fully understand the arrangements and their consequences. We will encourage you to discuss your decision with your family or someone you can trust.
The ultimate decision is yours. While we will assist you every step of the way and recommend a product we believe is suitable for you, we will not pressure you into deciding.
We know pricing is important. We will let you know what our charges will be, in writing, at the outset and will also include them in our recommendation report. We will take no action on your behalf without first agreeing our fees with you so there will be no unexpected surprises.
Simon Bignell, DipPFS
What our clients say
"We would like to take this opportunity to thank Alan Eddie for all the help and guidance that he gave my wife & I on the equity release at 104 we found him to be not only very helpful but also patient on our questions that we went over many times, nothing was too much trouble to him, once again Alan, many thanks"
- Ernie & Maureen Carr
"Although my wife and I had read quite a lot about equity release it was quite apparent that we needed specialist help and the obvious move was to consult our financial advisers, Lewis-IFS, to guide us through the procedure which is not straightforward for those unused to such things. We’re so glad we did this because our adviser and a junior member of staff took us through all the “stuff” with patience and attention to detail as needed. They also were able to recommend a lender and a specialist (mandatory) solicitor who were equally as professional. Thank you, Lewis-IFS"
– Lucy & Richard
"I met with independent advisors from a number of local firms, and Alan Eddie was by far the most experienced, transparent and credible. The process is now complete and throughout Alan has been personable and professional. His advice has been supportive and robust, and he found me a good deal tailored to my circumstances. I would recommend him to people looking for help with Equity Release. Thank you again Alan"
– LH Purbeck
Alan Eddie, DipPFS, Certs CII (MP & ER)
What we offer
A complimentary initial Lifetime Mortgage consultation.
Independent impartial advice with a qualified, experienced and impartial adviser. They’ll get to know you, your individual circumstances and aims.
Before your consultation you will need to consider whether you may want to move or downsize or if you want to ring-fence some capital for your family to inherit. This will help your adviser make sure any recommended plans will meet your needs in the future.
Why not speak to one of our experienced advisers.