Lander Mortgage Services Limited

  • Home
  • About
  • Mortgages
  • Protection
  • Equity Release
  • Pensions
  • Fees
  • Contact

Equity Release

This is a lifetime mortgage. 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.

Equity Release
photo by: Lending Memo

Equity Release

Equity release will reduce the value of your estate and can affect your eligibility for means tested benefits.

There are 2 types of scheme available:

Lifetime Mortgage is a specialist type of loan, which allows you to draw down the equity which has built up within your home and released to you as a Tax Free cash lump sum. 

You do not have to make mortgage repayments to the lender, as they will be repaid when the last surviving borrower dies or moves out into long-term care.

Home Revision Plans, this is a different type of scheme where you sell all or part of your home to a specialist home revision company, in return for a lump.

Equity Release should be carefully considered and here at Lander Mortgage Services we are able to assist you with sourcing from the whole of the market the correct type of scheme to suits your needs. 

Popular reasons why people chose Equity Release

  • Provide you with cash in retirement
  • Allow you to do home improvements
  • Assisting financially children/grandchildren
  • Holidays
  • Repaying mortgage
  • Buying new car/caravan.

Equity Release Considerations.

  • The youngest borrower will need to be aged at least 55 years.
  • Equity Release can quickly impact on the equity within your home, which could result in nothing to pass onto your family/friends.
  • Equity Release can impact on your state benefits edibility.
  • Equity Release can limit your options for moving home later on.
  • You will be protected with a “No negative equity guarantee”, this means that you or your estate will not have to repay more that you have received from the sale of your property.

Where to Find us

5 Frances Street, Truro, TR1 3DN
(01872) 857299
andrea@landermortgages.co.uk
  • Lander Mortgage Services Limited is registered in England and Wales.

  • Registration Number: 08623425

  • Registered Address: 5 Frances Street, Truro, TR1 3DN

Mortgages

Mortgages

Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured … more.....

Protection

Protection

Your home may be repossessed if you do not keep up repayments on your mortgage Protection One of the most … more.....

Equity Release

Equity Release

This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. … more.....

  • Terms and Conditions
  • Privacy Notice
  • Links
  • Privacy Policy

Lander Mortgage Services Ltd is a trading style of Fort Advice Bureau Ltd, which is authorised and regulated by the Financial Conduct Authority. Fort Advice Bureau Ltd are entered on the FCA register (https://register.fca.org.uk/s/)


The guidance and/or information contained within this website is subject to UK regulatory regime and is therefore targeted at consumers based in the UK


©2023 Lander Mortgages Ltd. | Regulated and authorised by the FCA to conduct Mortgage and Protection business, FRN: 972730.

Fort logo

MENU
  • Home
  • About
  • Mortgages
  • Protection
  • Equity Release
  • Pensions
  • Fees
  • Contact