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Friday April 20 2018

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Village Features

Mark Meads: Equity Release Specialist

Posted on March 29 2018 at 12:53:04

Mark and clients

ADVERTISEMENT FEATURE

Firstly I would like to thank you for the response to my last two adverts; I can really see how people value getting personal advice from a local advisor!

This month I thought it would be helpful to give a couple of examples of how I am helping some new clients:

A couple in their early seventies, who have a lovely bungalow in a village setting, are looking at ways of maintaining their lifestyle by releasing some of the money in their bungalow.

They had thought of downsizing to release some extra funds; however, they really want to stay where they are, being so close to friends and family.

We then discussed equity release as a way of getting access to their funds progressively – they were not aware that they could potentially draw down funds gradually as required, as opposed to having all the money at once.

This really appealed to them as it gives them so much more flexibility for their financial future.

Another couple I met recently are both in their late sixties and have an existing interest-only mortgage, which equates to about 25% of the value of their property.

They were worried as they are coming to the end of their mortgage term and the bank has been asking how they intend to repay the loan.

We discussed various options available to them, including how changing to an equity release loan could help solve this
issue.

What appealed to this couple was the flexibility they could have – the fact that they do not have to make any interest or capital payments for the rest of their lives and that they also have the option to pay off lump sums of up to 10% each year without penalty.

Having a choice about how to proceed and still stay in their home allayed their worries about paying off the bank mortgage, giving them both peace of mind.

It gives me a great deal of satisfaction to help clients fulfil their dreams and solve their financial problems.

If you would like to talk in confidence about your financial needs and future financial planning, please contact me directly on 07730 011897, for an initial discussion to see how I can help you and your family.

Village Financial Solutions Ltd
The Coppice, Rowney Green Lane, Rowney Green, Worcestershire. B48 7QF
Mob: 07730 011897
Email: .(JavaScript must be enabled to view this email address)

Village Financial Solutions Ltd is an Appointed Representative of Personal Touch Financial Services Limited which is authorised and regulated by the Financial Conduct Authority.

AN EQUITY RELEASE PRODUCT WILL REDUCE THE VALUE OF YOUR ESTATE, WILL NOT BE SUITABLE FOR EVERYONE AND MAY AFFECT YOUR ENTITLEMENT TO STATE BENEFITS. TO UNDERSTAND THE FEATURES AND RISKS PLEASE ASK FOR A PERSONALISED ILLUSTRATION CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT.  IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE

Our typical fee for equity release services is £650, which is payable upon completion.


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