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Is most of your capital tied up in your property? Would you like access to some of that capital now, without having to sell your property ?
With such low interest rates on savings, we are finding that many of our clients have a need for more income, or would like to enjoy some of their wealth now.
If you are over 55 you could benefit from our equity release service.
What is equity release ?
Equity release allows you to release money from your home to use now, whatever your need. Many different schemes offer lump sums and/or regular income and they all work on the same principle – they lend you a part of your home’s value in return for a share of the proceeds when you pass away.
With all equity release schemes promoted by True, there are no circumstances where you would be asked to leave your home, whatever amount you release or whatever happens in the future.
The importance of an independent adviser
In the past, equity release plans have suffered from a negative reputation with tales of unscrupulous operators and people losing their homes. Thankfully, the market is now strictly regulated by the Financial Services Authority (FSA) and anyone offering advice must be authorised and specifically qualified to do so. Both the FSA and Age Concern recommend taking advice from an independent adviser before proceeding.
There are many different plans offered by many lenders and it is our job, as a completely independent adviser, to find the arrangement most suitable for your circumstances.
Call True and ask for our equity release expert David Jones who will be happy to answer your questions. If you then decide you want to discuss equity release in more detail, David will arrange to visit you at your home, or you can meet at our offices in Altrincham. Telephone 0161 924 2900 or email david@truemortgages.co.uk
What fees do we charge ?
True charges an arrangement fee of 3% of the amount released, up to the first £100,000, and 1% on any amount thereafter. Any further costs involved, for example legal fees or a lenders arrangement fee, will be fully explained by David when you meet.
SHIP (Safe Home Income Plans)
True only recommends SHIP members for its Equity Release customers.
SHIP was founded in 1991 and is dedicated to the protection of plan holders. All SHIP members must abide by a code of practice, which offers real tangible benefits to the customer. For more details please Click Here
Authorised and regulated by the Financial Services Authority |
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Copyright 2009. True. All rights reserved. |
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