Equity Release

time to live the life you deserve

You’ve spent your hard earned money on your home for decades, and now it’s time for your home to give back.

You may need money for home improvements, helping your children or grandchildren out financially, or even taking that trip of a lifetime.

If you are 55 or over you may be able to access the value in your home to improve your life.

You will still live in your home, and the mortgage will not be repayable until you sell it.

There are two types of Equity Release schemes available: 

– Lifetime Mortgages – you fully own your home until the day you sell.

– Home Reversions – you partly or wholly sell the property in order to receive a lump sum or monthly payments 

Equity Release Mortgages aren’t for everyone, not least because the interest rates are often high, but our experts in Equity Release are happy to have a free initial consultation with you to discuss your requirements and help you decide whether it is the right thing for you.

equity release small print
 General
  • Part of our advice process would be to explore other options in addition to Equity Release
  • There are restrictions on the types of property that may be eligible for Equity Release
  • Equity Release can haven impact on state benefits
  • Equity Release can have an impact on age allowance
  • Equity Release will reduce the amount of inheritance that can be left
 
 

Lifetime Mortgage
  • A Lifetime Mortgage is a loan secured against your home
  • There are different types of Lifetime Mortgages available. E.g. Rolled up interest, fixed repayment and interest only plans. We will advise you on the best one for you
  • With a rolled up interest plan, interest is added to the loan amount and can quickly increase the amount owed
  • The mortgage loan is generally repaid upon death or when the home is sold
  • There are restrictions on the amount of borrowings
 
 
Home Reversion Plans
  • These plans involve the sale of part of all of the property and would result in a change to the title deeds
  • The sale will only achieve a % of the property value
  • If there is a possibility you may want to buy back the share sold to the reversion provider you will likely have to pay the full market value of the share, despite it not being sold to the reversion provider and market value originally
  • When referring to charges and partial sales, we will make it clear whether or not the costs of selling the property will be deducted prior to the balance being paid to the estate
Call 01425 600616 to arrange your introductory chat

All calls to and from our landlines and mobiles are recorded to meet regulatory requirements

Your Rights

Archway Financial Solutions LLP is a Limited Liability Partnership.

Registered in England and Wales No. OC316476. Registered Address: 3 Pine Close, Ferndown, Dorset, BH22 9QX. 

Authorised and registered by the Financial Conduct Authority. We are entered on the Financial Services Register No 448076 at https://register.fca.org.uk/.

Should you have cause to complain, and you are not satisfied with our response to your complaint you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows: The Financial Ombudsman Service, Exchange Tower, London, E14 9SR. Tel: 0800 023 4567 or 0300 123 9 123. 

www.financial-ombudsman.org.uk

Contact Us

Address: 17 Headlands Business Park, Salisbury Road, Ringwood, Hampshire, BH24 3PB

Phone: 01425 600616 (All calls to and from our landlines and mobiles are recorded to meet regulatory requirements)

Email: advice@archwayfs.com

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK