Equity Release Explained.
All Equity Release enquiries will be passed to a qualified adviser at a third party company.
You may have heard this term for several things such as remortgaging your house or selling and renting back your house, but for these purposes equity release is the phrase used to describe the regulated plans called Lifetime Mortgages and Home Reversion plans.
Both are regulated by the Financial Conduct Authority and are available to help people release the equity they have tied up in their homes without them having to move.
Regulated equity release has increased in popularity over the years and the flexibility and safeguards which are built into equity release plans have enabled thousands of home owners to tap safely into their biggest asset, their home, without having to worry about making monthly repayments.
If you are thinking of taking out an equity release plan then you need to find out as much as you can about your options and weigh up the advantages and disadvantages fully before you decide if equity release is right for you. Contact us today and take the first step towards releasing the capital you require.
Your home may be repossessed if you do not keep up repayments on your mortgage
To understand the features and risks ask for a personalised illustration
An equity release plan will reduce the value of your estate, will not be suitable for everyone and may affect your entitlement to state benefit.
Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage.
Fiona Conway & Associates LTD Registered office: Queensgate House, 23 North Park Road, Harrogate, North Yorkshire, HG1 5PD Registered in England & Wales No: 11775867.
Fiona Conway & Associates Ltd is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority (FRN: 833707) for mortgages, protection insurance and general insurance products.
Some forms of Buy to Let mortgages are not regulated by the FCA.
The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
We will charge a fee of up to 1% of the loan amount for our service in relation to mortgage contracts, which is payable upon obtaining the legal mortgage offer. Our typical fee is £395. The precise amount we will charge is dependent on the amount of research and administration that is required. This will be disclosed to you during our initial appointment. This fee is payable on production of your Mortgage Offer and is non-refundable.
Mortgage and Insurance advice from Fiona Conway Mortgages in Harrogate and surrounding areas.