Equity Release West Yorkshire
For all equity release in West Yorkshire, we can help. We’ll guide you through the whole process at a time and place to suit you.
Equity Release West Yorkshire – Welcome to Valley Mortgages
Equity Release Specialists Covering Wakefield, Huddersfield, Leeds, Calderdale, Holmfirth and surrounding areas.
If you are aged 55 or over, you are a homeowner (with or without a mortgage) and your property is worth at least £70,000, you may be eligible for taking out an equity release plan.
Equity release lets you access the money tied up in your home. There are no monthly repayments to make (unless you choose to) as the loan and interest are repaid once you die or move into long term care. The money you receive is tax free and can be used to meet your needs. Perhaps to reduce your committed monthly expenditure by repaying existing mortgages or consolidating loans, go on holiday, make home improvements, help family financially or increase your retirement income.
If you are thinking of taking out an equity release plan then you need to find out as much as you can about your options and weigh up the advantages and disadvantages fully before you decide if equity release is right for you. A fully qualified Equity Release adviser we will help you to understand the steps involved and talk you through your options, the effects this might have on state benefits and tax and your obligations. And of course they can also explain the full benefits of equity release.
A lifetime mortgage is not suitable for everyone and may affect your entitlement to means tested benefits, so it is important to seek financial advice before taking any action. If you are considering releasing equity from your home, you should consider all options available before equity release.
The interest that may be accrued over the long term with a Lifetime Mortgage, may mean it is not the cheapest solution. As interest is charged on both the original loan and the interest that has been added, the amount you owe will increase over time, reducing the equity left in your home and the value of any inheritance, potentially to nothing.
Although the final decision is yours, you are encouraged to discuss your plans with your family and beneficiaries, as a Lifetime Mortgage could have an impact on any potential inheritance. We would also encourage you to invite them to join any meetings with your Financial Adviser so they can ask questions and join in the decision, as we believe it is better to discuss your decision with them before you go ahead.
A guaranteed right to remain living in the property that you have released equity from, either for life or until you need to go into long term care.
No Negative Equity Guarantee - which means that your estate will never owe more than your property is worth when it is sold.
Interest rates must be fixed or if variable there must be an upper limit or cap that is fixed for the lifetime of the loan.
You have the right to move to another property as long as your provider is happy that the new property offers continued security on your equity loan.
All customers taking out new plans which meet the Equity Release Council standards must have the right to make penalty free payments, subject to lending criteria.
Our Service to You
Whatever your equity release needs, be it a lifetime mortgage or a home reversion plan, we can help. We are totally focused on you, and we can benefit you as follows:
No Obligation Consultation
A fee-free, no obligation consultation so that we can assess if Equity Release could be right for you or not.
Clear Explanation
We’ll explain in full how equity release works and its impact on you & others.
Discuss Alternatives
Discuss all alternatives to consider whether other solutions might be more appropriate to meet your needs.
Research
We take care of all the research to find a solution that best fits you.
Tailored Advice
Advice is tailored to your specific circumstances; every situation is different.
Key Facts Illustration
If equity release is right for you, we will provide you with a Key Facts Illustration (a client specific illustration) and a report detailing why we have recommended the plan for you.
Things To Consider
A lifetime mortgage is not suitable for everyone and may affect your entitlement to means tested benefits, so it is important to seek financial advice before taking any action. If you are considering releasing equity from your home, you should consider all options available before equity release.
The interest that may be accrued over the long term with a Lifetime Mortgage, may mean it is not the cheapest solution. As interest is charged on both the original loan and the interest that has been added, the amount you owe will increase over time, reducing the equity left in your home and the value of any inheritance, potentially to nothing.
Although the final decision is yours, you are encouraged to discuss your plans with your family and beneficiaries, as a Lifetime Mortgage could have an impact on any potential inheritance. We would also encourage you to invite them to join any meetings with your Financial Adviser so they can ask questions and join in the decision, as we believe it is better to discuss your decision with them before you go ahead.
Equity Release West Yorkshire – About Kay Schofield (CeMAP, CeRER, NAEA & ARLA)
I am self employed mortgage and equity release adviser with over 10 years experience in financial services and over 20 years’ experience in the property industry. I pride myself on customer service and ensuring that the client gets the most suitable possible outcome for them, with the majority of my business coming from recommendations.
I am also a member of the equity release council, which shows that I am committed to ensuring that the advice I give is the most suitable it possibly can be. I am based in West Yorkshire and I am happy to travel to see you in your own home.
Call us to see if Equity Release is right for you!
If you wish to ask initial questions or discuss equity release without obligation then feel free to get in touch.