Equity Release
Take control of your finances with tax-free cash released from your home.
Take control of your finances with tax-free cash released from your home.
Equity Release will reduce the value of your estate and can affect your eligibility for means tested benefits. Steve Kay-Jones, one of the Directors of The Mortgage Factory, has the Equity Release license for our company.
Your home may be repossessed if you do not keep up repayments on your mortgage.
An lifetime mortgage allows you to release cash from your home, while retaining the right to live in it for the rest of your life. With a lifetime mortgage equity release plan, you can help fund your retirement and still keep your home.
If you are affected by increasing household bills, want to be able to make those essential home improvements or looking at topping up your income to make retirement more comfortable and enjoyable, an equity release plan could be right for you.
Release money when you need it (subject to limits and restrictions) and there’s no requirement to repay until either your home is sold, you pass away or move into long-term care. If you do want to make repayments then some lenders allow this, speak to us for details.
Are you able to settle any outstanding loan secured on the property from the funds you release?
We provide advice to clients in the ever-expanding market of Equity Release and will look into all your options and only recommend an equity release scheme that is suitable for you.
There may be a fee for researching and mortgage advice, typically 1.5% of the loan amount, with a minimum fee of £995.00. The precise amount will depend upon your circumstances.
0800 731 38 22 | info@mortgagefactoryltd.com
Local mortgage advisers and brokers giving mortgage advice in Blackpool, Cleveleys, Ormskirk, Skelmersdale, Up Holland, Preston, Lytham, Lytham St Annes, Thornton-Cleveleys, Freckleton, Fleetwood, Poulton le Fylde, Wyre, Garstang, Kirkham, Southport, Bamber Bridge, Lancaster, Fulwood, Morecambe, Leyland, Chorley, Heysham, Longton, Burscough.
If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service (www.financial-ombudsman.org.uk)
© 2023 Mortgage Factory UK Ltd. Registered in England and Wales, under no. 06324559. Registered office address - 2 Queens Square, Poulton-Le-Fylde, England, FY6 7BN
The Mortgage Factory is a trading name of Mortgage Factory UK Ltd, which is an appointed representative of Quilter Financial Services Limited & Quilter Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority. Quilter Financial Services Limited & Quilter Mortgage Planning Limited are entered on the FCA Register under reference 440703 and 440718.
The guidance contained within the Financial Associates website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.
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