We are pleased to confirm that James Stopford and Mortgage Quest are voluntary members 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 life 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

Important points:

  • The amount you borrow is dependent 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

Mortgage Quest is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. The Right Mortgage Limited. Registered address: St Johns Court, 70 St Johns Close, Knowle, Solihull, B93 0NH. Registered in England and Wales. Company no. 08130498.

 

 

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).

There are implications of adding previously unsecured debt onto a loan secured against your property such as increased interest costs over a longer term and reducing the equity in your property.

Releasing funds could adversely affect your entitlement to means tested benefits and careful consideration should be given to current and future benefits.

For more information, or for a personalised illustration,

please contact James Stopford on: 07305 397422

or email:  james@mortgagequestroyston.co.uk

*Equity release is a complex legal arrangement and expert independent legal advice will always be involved within the process. To understand the features and risks, please ask for a personalised illustration.

This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice.