Steve Mears Independent Mortgages Services:
Lifetime Mortgages

Equity Release Mortgages UK advice on 0117 973 4300

One of the most popular mortgages with Steve Mears’ clients, equity release mortgages offer a way of releasing locked-up capital for clients from their property. There are two main types of equity release plans available on the market, and at Steve Mears Independent Mortgage Services we can advise and assist with any equity release schemes currently in the UK.

An attractive mortgage option?

The first option is to take out a loan against the value of your house, paying interest on the loan when the property is sold or you pass away. This is an attractive option because many people over 60 can remain in their property, but still enjoy some of the capital that has accrued from the rising value of the house, rather than rely on dwindling pension and personal investment funds.

The second home revisionary route available for clients is to sell a percentage of the home in return for either a lump sum or regular income, an annuity for life. When the client dies or no longer lives in the property, it is sold and the lender gets their share of the profit.

Get more from your retirement

An equity release loan is not a new financial product, and has been in existence for more than 30 years, but with property values at an all-time high, they are an increasingly popular option for clients looking to get more from their retirement.

Steve Mears Independent Mortgage Services recommend that a client takes legal and financial advice before utilising an equity release loan, and we offer straightforward, clear equity release advice through a team of experienced financial services experts, who can point you to an appropriate lender in the equity release mortgages UK marketplace.