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Unlocking financial freedom with Lifetime Mortgages

As we approach retirement, many of us dream of enjoying the fruits of our labour and embracing a comfortable and fulfilling lifestyle. However, finances can sometimes hinder these aspirations. Fortunately, a Lifetime Mortgage offers a solution to unlock the hidden value in your home, providing you with the financial freedom you deserve. Let's explore the benefits of later life lending, along with the crucial protection of the "No Negative Equity Guarantee."

Access to tax-free funds

A Lifetime Mortgage allows homeowners aged 55 or older to release a portion of the equity tied up in their property as a tax-free lump sum or in smaller instalments. This injection of funds can be used to finance various aspirations, such as home renovations, travel adventures, paying off debts, or even helping loved ones financially. It offers the flexibility to enjoy your retirement years without the stress of financial limitations.

Retain ownership and residence

One of the key benefits of a Lifetime Mortgage is that you retain ownership and the right to live in your home for as long as you wish. This ensures you can continue to enjoy the familiar surroundings and cherished memories while accessing the wealth in your property. It's important to note that you won't need to make any repayments unless you choose to do so.

No negative equity guarantee

One of the most critical protections with a Lifetime Mortgage is the "No Negative Equity Guarantee." This guarantee ensures that you will never owe more than the value of your home. Even if the eventual sale of your property doesn't cover the outstanding loan, neither you nor your loved ones will be liable to pay the shortfall. This safeguard provides peace of mind, knowing that you're protected from any potential negative equity situations.

Increased financial stability

Later life lending by the way of a Lifetime Mortgage can significantly enhance your financial stability during retirement. It can supplement your pension income, or cover unexpected expenses that may arise later in life. By unlocking the value in your home, you can enjoy a more comfortable lifestyle and have the financial flexibility to pursue your passions and dreams.

When considering a Lifetime Mortgage, it's essential to speak with an adviser who specialises in this area. They will assess your circumstances, discuss your options, and ensure that it aligns with your long term goals.

Embrace the possibilities that Lifetime Mortgages and later life lending can bring and unlock the financial freedom you deserve.

SPEAK TO AN ADVISER

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. A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.

 

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Fairview Financial Ltd is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. Fairview Financial Ltd is registered in England and Wales no: 10912424. Registered office: 107 Promenade, Cheltenham, GL50 1NW.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

@ 2020 by Fairview Financial

Our Fees        

A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.

Our standard fee for mortgages is £395 and this is paid when the mortgage is offered. We charge a fee of £295 First-Time Buyers. Other fees may apply depending on the complexity of the work involved or loan amount. The maximum fee we can charge is £795.

Our standard fee for Equity Release is £895 and this is paid on completion.

We also receive a commission from the lender that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. If we receive a commission, this will not affect the cost payable by you.

THINK CAREFULLY ABOUT SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

EQUITY RELEASE: 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.


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