Equity Release

Have you got cash tied up in the value of your home?
Let us explore your options.

Equity Release

Have you got cash tied up in the value of your home?
Are you age 55 or over?
You could access the equity in your home to help you continue to afford the things you want to do in your later years by borrowing against the value of your home without the need of making monthly repayments.
We have the expertise to help you do this in the most cost-effective way, putting in place the appropriate safeguards for you, your partner and your children.
Income Protection Essex
Income Protection Suffolk
There are two options for accessing your money but most people who take out equity release use a lifetime mortgage. You may wish to release a cash lump sum towards essentials like home improvements, a new car or to help your children or grandchildren. Perhaps you may want to release smaller amounts on a regular basis to improve your lifestyle. Lifetime mortgages have evolved rapidly over the past ten years, introducing more safeguards and greater flexibility. For example, you can opt to ringfence a proportion of the value of your property as an inheritance for your family.
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It is possible to borrow up to 58% of the value of your home, depending on your age and the value of the property.

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Interest rates are normally fixed for the life of the loan, so you will always know exactly how much you owe at any given time.

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You have the right to live in your property for life (providing it remains your main residence) or until you move in to long-term care.

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You don’t have to make any monthly repayments.

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You have the option to take a larger sum of money from your property or request smaller sums of money when you need them.

One of our experienced professional mortgage advisors will take the time to discuss and understand your needs,
then help you understand whether a lifetime mortgage is right for you.
Or advise you if other alternatives such as a retirement interest only mortgage would be more appropriate.
At £500, our adviser fee is one of the most competitive around and is not payable until you have received a mortgage offer. 

Myths Busted

Myth 1: I will end up owing more than my home is worth

You will have a ‘no negative equity’ guarantee meaning you will never owe more than the value of your home.

Myth 2: I will have to make monthly payments with my lifetime mortgage

You will not have to make any monthly payments on the money you release.  The money will be repaid via the sale of your property when you no longer need your home.

Myth 3. I will no longer own my property

There are two options for releasing equity:

Lifetime mortgage – a mortgage loan with no fixed end date, there is no transfer of ownership away from you.

Home reversion – a full or partial transfer of ownership is made but you retain the right to live in the property.
(For home reversions, we act as introducers only).

Myth 4: I cannot release equity from my home because I have still got a mortgage on it

You are able to use the funds from equity release to repay your current mortgage.

Myth 5: There will not be anything left to leave my loved ones

We are able to arrange Inheritance protection which ring-fences a proportion of the value of your home now which can be kept for your loved ones.

Still Not Sure?

We can help you by searching the market for your first mortgage deal from a comprehensive range, from a database that includes High Street, exclusive products and special deals.  Contact Us to find out more.

JUST SOME OF THE LENDERS WE WORK WITH

Registered Address

Shire Financial Services Ltd
Surrey House, 41 High Street,
Newmarket Suffolk CB8 8NA
England.

Registered Company No.

05904006
Country of Registration: England

Opening Hours

Mon-Fri: 9:30am to 5:30pm
Sat and Evenings: By Appointment
Sun: Closed

Fee Structure

We receive commission from the mortgage lender. Also, depending on mortgage type and complexity we usually charge a fee between £200-500 and for Expatriate mortgages, a fee of £800. Fees are payable upon Mortgage Offer.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

SHIRE FINANCIAL SERVICES LIMITED IS AN APPOINTED REPRESENTATIVE OF SESAME LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

COMMERCIAL MORTGAGES, INCLUDING BUSINESS BUY TO LET, ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY. FOR COMMERCIAL MORTGAGES WE ACT AS INTRODUCERS ONLY.

THE FCA DOES NOT REGULATE ESTATE AGENTS, SURVEYS AND SOME FORMS OF BUY TO LET MORTGAGES.

FOR ESTATE AGENTS AND SURVEYS, WE ACT AS INTRODUCERS ONLY.

THE FCA DOES NOT REGULATE SOLICITORS AND WE ACT AS INTRODUCERS ONLY.

Equity release refers to home reversion plans and lifetime mortgages. To understand the features and risks ask for a personalised illustration. 

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