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Lifetime Mortgage Equity Release Guide

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Here you will see the steps included in the process and a link to our Lifetime Mortgage (equity release) full guide.

1: Talk to one of our qualified lifetime mortgage advisers to learn more about lifetime mortgages and how it might suit your individual circumstances. At this point we will also review the alternatives that may be open to you.

2: After completing our Client Profile, our experts will discuss your goals, objectives, and personal situation to find the most suitable product for you.

3: We will create and send you a personalised recommendation. This will include details about the product that we believe is most suitable for you, and why. The adviser will walk you through the recommendation and answer all your questions.

4: It is then time to reflect on your decision with family and friends, if appropriate so they are aware of your choices. We recommend this, however you may not want to discuss your financial circumstances with family. Make sure it is the right option for you.

5: If you’re ready to move forward with the product, let us know and we’ll help you navigate the next steps.

6: Appoint a solicitor, we are happy to offer a recommendation if you require assistance.

7: An application is submitted to the provider, accompanied by any supporting documents they require. An independent valuer will value your property. Your lender will assess this information to check they are happy to lend to you. If the lender wishes to proceed a formal offer letter will be issued.

8: The lender will provide a mortgage offer, to us and your solicitor. You will need to provide a building insurance certificate to the solicitors. If you would like a building insurance quote, please do not hesitate to contact us. The solicitor will also complete vulnerability and coercion checks.

9: The whole process will take around 6-12 weeks. Enjoy the cash you’ve released from your home, our fee becomes due on completion.

Call us on 01223 329666 to discuss your requirements.

Download a Which? comparison report on the different kinds of survey available to you.

Download our PDF Guide to Equity Release Lifetime Mortgages Contact us to explore your equity release options
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