Equity Release Excellence
Later Life Equity
Equity Release Advice: Guidance From Start to Finish.
Equity release refers to a range of products available to those over 55 that let you access the equity (cash) tied up in your home. They allow you to take the money you release as a lump sum or, in several smaller amounts or as a combination of both.
Friendly Expert Advice
Simple, From Start to Finish
Initial Consultation
We will arrange a meeting at a time convenient to you. You can choose to visit our office, be met at home or we can arrange a telephone or virtual meeting. This meeting is at our expense, no cost to you and certainly no obligation.
Whole of Market Research
After taking time to understand your personal and financial circumstances and your goals, we will research the whole of the equity release market to find the most suitable deal for your specific needs.
Recommendation
We will present and explain the features of the most suitable plan to you and ensure that you understand the costs, interest rate and potential risks. Please feel free to include family members at this point. Once any questions you have are answered, we leave you to decide if it's right for you.
The Lifetime Mortgage
This is by far the most straight-forward and most popular method of equity release. This is a mortgage secured on your main residence much in the same way as a conventional mortgage. However, there is no fixed term and normally there are no monthly repayments required.
The interest accumulates or "rolls up" and adds to the value of the secured debt. The loan will normally end upon your death or if you leave your property to go into long term care. At this time the original loan and the accrued interest will be paid.
Some providers allow you to protect some of the value of your property as an inheritance for your family. You can choose to make repayments or let the interest roll-up and can now choose between a fixed or variable interest rate.
What Do People Use Them For?
Some typical reasons for taking out equity release might be to:
- Adapt your home, so you can continue to live independently
- Renovate or refurnish parts of your home
- Top up your retirement income
- Pay one-off private medical bills, or receive ongoing care at home
- Help children and grandchildren with house deposits, weddings or other major events
- Manage your estate, wealth and tax planning, and leave a living inheritance
- Pay off an outstanding mortgage, including the shortfall on an interest-only mortgage
- Fund leisure interests, a new car, a holiday, or visiting relatives abroad
Jeremy Over
About us
About us
Later Life Equity is headed up by Jeremy Over who is recognised for his excellence in providing advice in all areas of Later Life. Jeremy is proud to be fully accredited by The Society of Later Life Advisers (SOLLA), which is the "Gold Standard" in Later Life advice. In addition, he was one of the first advisers in the UK to achieve the SOLLA Later Lending Standard - given to those who can demonstrate their expertise in Equity Release and Lifetime Mortgages.
We understand the challenges that retirement may hold. Not everyone can rely on their savings, income or pension to see them through. If Equity Release is right for you, we will use our experience to find the right deal for you from an ever-growing market. We believe in complete transparency and provide clear and simple advice, no unnecessary jargon.
Other areas of Later Life advice are fully covered on our dedicated Later Life Choices website, including equity release, care fees planning and inheritance tax planning.
Just reach out and we will guide you through every question you may have.
Need Help? Got Questions?
Regent House, Mitre Way, Battle, East Sussex TN33 0BQ
Later Life Equity - is a trading style of Spectrum IFA Ltd, which is an appointed representative of Prism EBC Ltd. Authorised & regulated
by the Financial Conduct Authority. Registered in England and Wales No. 9171884.
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