    
|
Good Evening, Welcome to... First Mortgage Consultancy www.fmctld.netLifetime MortgageLifetime Mortgage UK, Quotes & AdviceNow you can really make the most of your retirement with cash to spend exactly as you wish. Do not forget that inflation will reduce what could be bought in the future. A Lifetime Mortgage gives you the chance to unlock the money tied up in your home. And here's the really good news. The money you release is tax-free & there will be absolutely no monthly repayments & you will continue to own and live in your property for as long as you wish. There are various Lifetime Mortgage products on the market including fixed rate for life, tracker rate for life, protected equity schemes that are available from a host of different lenders. Why Choose us?
Talk to one of our qualified and experienced mortgage consultants any day of the week, Lines are open now call NOW on 0845 603 1525. How a lifetime mortgage worksIf you (and your partner) are aged 60 or over, and you own your own home you could be eligible for a lifetime mortgage and borrow a cash lump sum or a cash lump some and a monthly cash release with some deals. The amount of equity you can release will depend upon your age and the value of your property. Age limits and minimum property values will vary between lenders. This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration. A lifetime equity release mortgage is a commitment for the rest of your life and should not be used to get cash in the short term. If you choose to repay the loan early you may have to pay a large early repayment charge. If you are entitled to welfare or tax benefits these may be affected. As a result, most lifetime mortgage providers recommend that you take legal advice before proceeding, and also that you seek independent financial advice. And using equity release will of course have a major impact on your estate, so it can make sense to discuss the matter with your family before going ahead. Frequently Asked Questions1. Do I qualify for a lifetime mortgage? - You will usually qualify if:
2. How much cash will be available to me? - This depends on how old you are, how much your house is worth. This amount will vary between lenders. Getting advice & a quote is essential to get an idea of the amount of cash available to you 3. How long will it take to release the cash? - It will depend on the lender, but it usually takes 6-8 weeks from application to completion for a lifetime mortgage 4. Can I move home in the future? - Yes. Any lifetime mortgage we recommend gives you the right to stay in your home for life or move if you wish. However your new property will need to be approved by the lender 5. Will my children end up with debts? - No. Any life time mortgage we recommend will come with a negative equity guarantee so you would never owe more than the value of your home. 6. What happens if I want to repay the loan? - Early repayment charges will apply if you want to repay the loan early 7. What happens if my partner dies? - Any plan we recommend will give you both the right to stay in your home as long as you wish 8. How will the value of my home be assessed? - Your property will be valued by an independent chartered surveyor to ascertain the true value of your property. The lifetime mortgage provider will normally be able to arrange the valuation of your property. Lines are open, call NOW on 0845 603 1525 or fill in our quick no obligation quote form above.  YOUR HOME BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE |
