Lifetime Mortgages & Equity Release Advice from an Independent Financial Adviser
Making the right financial decisions is crucial, especially when it comes to significant choices like Lifetime Mortgages or Equity Release. At Bloomfield Financial, we provide expert advice tailored to your unique circumstances, helping you unlock your home’s value while safeguarding your financial future.
Whether you prefer to meet face-to-face at our office in Houghton le Spring or connect via a video meeting, our free initial chat is the perfect starting point.
What Is a Lifetime Mortgage?
A Lifetime Mortgage is a type of Equity Release that allows homeowners aged 55 and over to access tax-free funds from their property without selling their home. This money can be taken as a lump sum, in smaller payments over time, or a combination of both.
Unlike a traditional mortgage, repayment of the loan (plus interest) is usually deferred until you pass away or move into long-term care, giving you the flexibility to enjoy your retirement while staying in your home.
Why Seek Advice from a Lifetime Mortgage Adviser?
The decision to take out a Lifetime Mortgage is significant, and professional advice is essential to ensure it aligns with your goals and needs. A qualified Lifetime Mortgage Adviser will:
- Assess your current financial position and future plans.
- Explore alternative options that may better suit your needs.
- Help you understand the potential impact on your estate and inheritance.
- Recommend the best Lifetime Mortgage product from a range of providers.
At Bloomfield Financial, we take a personalized approach to provide clear, impartial advice, ensuring you feel confident and informed every step of the way.
Who Can Benefit from Equity Release?
Equity Release can be a valuable solution for homeowners aged 55+ who need extra funds for:
- Home renovations or adaptations.
- Paying off existing debts.
- Supporting family members financially.
- Enhancing retirement lifestyle or funding long-term goals.
However, it’s not suitable for everyone. Speaking with an experienced Equity Release Adviser will help you determine if it’s the right option for you. Or if perhaps another option would be more sensible.
Key Considerations Before Choosing Equity Release
Equity Release is a long-term financial decision with potential implications for your estate, benefits, and future plans. Key factors to discuss include:
- The interest rate and how it accumulates over time.
- Early repayment charges.
- How Equity Release may affect eligibility for means-tested benefits.
- Other options, such as downsizing or alternative financial products.
These points are thoroughly covered during our advice process to ensure you make an informed decision.
Why Choose Bloomfield Financial?
As an independent financial adviser, Bloomfield Financial offers unbiased recommendations tailored to your unique circumstances. Here’s why our clients trust us:
- Expertise: We specialize in Lifetime Mortgages and Equity Release, staying up to date with the latest industry regulations and products.
- Personalized Service: Your financial goals and circumstances are at the heart of everything we do.
- Convenience: Schedule a free initial chat either in-person at our Houghton le Spring office or via video meeting from the comfort of your home.
Book Your Free Initial Chat Today
Take the first step toward making an informed decision about your financial future. Whether you’re curious about Lifetime Mortgages, considering Equity Release, or seeking advice on other financial matters, our free initial chat is the perfect opportunity to discuss your needs.
Click below to schedule your appointment now, your appointment will be 100% free and with no obligation to proceed … in fact we may tell you it isn’t a good idea for you!
Book An Appointment
Whose Products & What Services Do We Offer?
We offer lifetime mortgages from the whole market.
What Will You Have To Pay For This Service?
We will advise and make a recommendation for you after we have assessed your needs.
A fee of £750 for arranging the lifetime mortgage payable on successful completion. This is in addition to any commission or procuration fee we may receive from the lender.
You will receive a key facts illustration when considering a particular equity release product, which will tell you about any fees relating to it.
When & How Will You Have To Pay For This Service?
We offer a ‘no completion no fee’ guarantee so your fee is only payable upon successful completion of your mortgage.