Equity Release
We are pleased to confirm that Mortgage Quest is a voluntary member of the Equity Release Council .
The Equity Release council exists to promote high standards of conduct and practice in the provision of equity release advice.
Equity Release, or Lifetime Mortgages provide tax-free cash or income to help support you financially throughout retirement, giving you the freedom to spend the proceeds on anything to make like more enjoyable including:
Home or garden improvements
Paying off existing debts
Helping your children or grandchildren with a deposit for a home
Holidays or holiday homes
Increasing retirement income
Healthcare
Buying a new car
Inheritance Tax Planning
Repaying an existing mortgage
The amount you borrow is dependant on your age and the value of the property
Interest is charged on the amount throughout your lifetime
You continue to own and live in your home
You do not have to repay the loan until you die, or go into long term care
You can also take smaller sums over a period of time, this is called a Drawdown Lifetime Mortgage and you only incur interest on the money you release (if you take a drawdown lifetime mortgage, it’s important to consider a Lasting Power of Attorney, which we can help you with)
For more information , or for a personalised illustration, please contact:
James Stopford on 0207 060 9095 or email at james@mortgagequestroyston.co.uk