Lifetime Mortgages / Equity Release Specialists Doncaster, Yorkshire:
Avalon FS Ltd Equity Release Offer Lifetime Mortgages only. This is a loan secured against your home and you will have to get advice before releasing tax-free cash from your home. A Lifetime Mortgage gives you the options of No Monthly Payments, pay interest only or make payments to reduce the mortgage balance, our qualified Advisers will explain all the options.
We provide Independent Impartial advice that means exactly that. We act for you, not the provider. We are not tied to any providers and as such, we will recommend the one equity release plan which is most suited to you and explain why. Our initial consultations and advice are free of charge. You don’t have to proceed with the advice you receive, and you are not charged any fee unless you proceed with an application and your plan completes.
All the plans we offer meet the Equity Release Council Standards and come with a no negative equity guarantee. The equity release market of today is safer than it has ever been. Lifetime Mortgages and Home Reversion Plans are now protected by the industry watchdog the Financial Conduct Authority (FCA). All Avalon FS Ltd Financial Advisers who practice advising on Equity Release also have specific qualifications in this specialist field.
There are many reasons why you may be thinking of raising a mortgage on your home by releasing some of the equity, you can raise the money you require for a variety of reasons. For example, it could be for a holiday of a lifetime, a more comfortable retirement, pay off your debts, home improvement, new car, gift to your family or a combination of all the above, just a few reasons you would choose a lifetime mortgage.
1: Do you qualify?
You and your partner must be aged 55 or more. Your property must be worth at least £70,000 and you must be able to clear any outstanding mortgage or loan secured on the property from the funds you release. We can confirm whether you qualify by completing our short enquiry form. Lifetime mortgage Lenders will consider a poor credit history, but your acceptance will be dependent on the terms and conditions of the lender and the nature of your credit history issues. If you are bankrupt, you may not be accepted for a Lifetime Mortgage, however there are some lenders who will accept county court judgements (CCJs) and an adverse credit history.
2: Is a Lifetime Mortgage the right option for you?
Contact one of our specialist advisers at Avalon FS Ltd on 01302 591525 for independent advice. We will tell you more about Lifetime Mortgages and if they are suitable for your circumstances. We can also provide you with a free, no-obligation quotation, we research the whole of the market to find the plan that best suits you – the information and advice we provide you with will allow you to make an informed decision on whether a Lifetime Mortgage is the right option for you.
3: Complete application forms and paperwork
Once you decide to proceed, we will complete your application forms for your chosen plan and a qualified valuer is instructed to value your property and ensure it meets the lenders criteria. Once offer is made your chosen solicitors are instructed, they will then check the lenders requirements and once completed will request your funds.
Examples of Equity Release
- Lifetime Mortgages
- Retirement Mortgage
- Home Reversion
- RIO Mortgage
Fully Qualified Advisors
There are many different Equity Release products. Our fully qualified advisors can help you with all the answers. If you’re wondering which type of Equity Release might best suit you, then call one of our experienced advisers on: 01302 591525
Frequently Asked Questions
This depends on your age, property value and the type of Lifetime Mortgage plan. For example, an interest only mortgage will normally allow you to raise up to 75% of the property value. A Roll Up mortgage will allow you to raise between 25% and 57% of the property value however the percentage will be restricted by the youngest applicant. A Home Reversion plan would allow you to sell a share in your property of between 30% and 100% in exchange for a discounted (or non-discounted) sum of money. The older you are when you take out any plan, the more you will receive. You may wish to call us for details on exactly what is available.
No. Lifetime Mortgage scheme that we recommend will come with a no negative equity guarantee so you would never owe more than the value of your home.
All Lifetime Mortgage plans recommended by Avalon FS Ltd Ltd give you both the right to live in your home for as long as you wish.
It is possible to release equity and buy a 2nd property and still live in the property on which the lifetime mortgage has been arranged.
Possibly. It depends on the type of plan and the amount you have already released as well as the equity remaining in your property and your age. We can advise you whether a top up would be available on your existing equity release scheme or by switching your existing plan to a new Lifetime Mortgage provider.