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Equity Release

I cover the whole of the UK and offer specialist independent advice on Equity Release for people aged 55 years and over. Based in Surrey, I work across the surrounding areas with our clients but can offer plans to release equity across the whole of the UK. By carefully analysing your current individual situation and considering all possible alternatives, we can then make recommendations for an equity release key plan that is right for your individual specific requirements. I am authorised and regulated by the Financial Conduct Authority. I abide by the rules and regulations from Equity Release Council, including a ‘no negative equity guarantee’, which means you will never have to repay more money than the value of your house property. The products on offer complete assurance that we follow the industry’s standard code of practice.

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    What are Equity Release mortgages?

    Equity release mortgages allow you to release tax-free cash from your house as a lump sum, as regular income or a combination of both to boost your finances in retirement. The two main types of plan available are lifetime mortgages and home reversion plans. You can normally apply for an equity release interest rates loan aged under 55 years old and above, along with many pensioners benefiting from the process.

     

    Those who are most likely to benefit from a Equity Release mortgage are those aged 55 years old and over, do not want to move, but have equity in their homes. Usually, the older you are, the more you are likely to be able to borrow, and I am here to help you navigate this. Some schemes give you a maximum borrowing limit and offer a drawdown facility. Through this, you can initially borrow less, and draw further amounts up to the maximum limit without having to reapply to the lender. Through these schemes, you also don’t have to pay additional equity release fees, or get a new equity release on property valuation, as you can draw out up to the maximum limit as standard.

     

    Due to low-interest rates on savings and changes to many company pension schemes, equity release schemes are quickly growing in popularity for people ages 55 years old and over. However, many people are confused and are not sure if it is right for them. You may find our questions and answers page useful in covering some of your initial questions.

    It is important to seek the best independent UK equity release advice which is tailored to your individual circumstances to avoid any potential pitfalls. Our main priority is always to establish whether it is right for you. We will search the whole equity release key market on your behalf and guide you through the various types of schemes available to find a plan that best suits your needs. Our experienced advisers will guide you through the whole process, as it is important that you take the time to come to the right decision once you fully understand all implications.

    Katie Langhorn

    I am a member of the Equity Release Council.

    The Equity Release Council represents the equity release sector and exists to promote high standards of conduct and practice in the provision of and advice on equity release which have consumer safeguards at its heart.

    These standards and safeguards have allowed the sector to grow, giving financial advisers and their customers confidence in the products, dispelling myths about equity release, and educating the public about the potential to access the wealth in their home for a variety of uses.

    One of the major focuses of the work of the Equity Release Council is ensuring that equity release rates products are accessible to customers and safe. All members of the council are signed up to a code of conduct, which ensures that there are a number of guarantees and safeguards in place to protect the consumer. This means that our customers in the UK have peace of mind that the products they use and the information that they receive are safe and regulated.

    How Does Equity Release Work?

    It is necessary to understand how equity release works. Based on the type of plan you choose, you can receive the money as a lump sum or in small instalments. However, it is totally up to you how you want to spend it. The cash you receive needs to be used for paying any outstanding mortgages first. The rest of the money is all yours and you can spend on helping your family or doing home improvements. Simply put, it is a tax-free sum that you can spend the way you like. Once you receive your money, it is not necessary to make monthly repayments, but if you would like to pay off the interest, this is also an option.

    How Long Does it Take for an Equity Release mortgage to complete?

    Equity Release mortgages in the UK generally takes around 8 to 12 weeks. We advise you to keep this duration in mind while applying for equity release if you are planning to make any big purchases.

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    Katie has been absolutely brilliant

    Katie has been absolutely brilliant through the whole process of our mortgage. She continued to keep us updated with the market to ensure we got the best deal for us. I would highly recommend Katie to anyone looking to use a broker.

    I could not be more pleased with the outcome

    I could not be more pleased with the outcome. Katie is both professional and personable; making time to ensure I understood every option available and meticulous in following through the application. I shall have no hesitation in reaching out to Katie once my mortgage comes round for renewal again.

    Extremely professional and knowledgeable

    I found Katie honest and sincere in wishing to help me. She was extremely professional, knowledgeable and thorough offering sound advice, guidance and encouragement. I would definitely recommend her under the representation of Alexander James Services.