At RM Mortgage Solutions we can refer you to an equity release specialist who will be able to provide advice and discuss your options.
We believe that advice is only of value when it’s impartial which is why all of our customers can receive a free no obligation initial consultation. This lets you learn more about equity release and find out whether it is the right option for you. An equity release broker will provide advice that will allow you to make an informed decision and will tell you straight away if equity release isn’t the right option for you.
There is never any pressure to proceed and with an impartial, free, no obligation initial consultation you have nothing to lose.
what our clients are saying
We are Highly Rated Mortgage Broker in Birmingham
As a well established independent mortgage broker in Birmingham, we take a lot of pride in providing our clients with a first class service. We have successfully helped to arrange mortgages for first-time buyers, home movers, landlords, and clients remortgaging across Birmingham including Lichfield, Walsall, Wolverhampton, Coventry & Tamworth. This is illustrated by the many outstanding reviews our clients have written about us.
Some Points for you to Consider Before you Take Out an Equity Release Plan
Releasing equity from your home is a lifetime commitment with the equity release mortgage only expected to be repaid when your home is sold, usually when you and your partner pass away or move into long term care. If you do decide to pay the loan back early; early repayment charges may apply.- An Equity release mortgage may affect your entitlement to state benefits and could affect your tax position. Through your expert equity release mortgage advisor you can find out what effect, if any, it would have and this will help you find the best solution for you.
- All equity release mortgage schemes will reduce the value of your estate. We advise that you involve your family throughout the whole process so you can discuss your ideas with them. You will be encouraged to invite your family members to attend your free no-obligation initial consultation, as an opportunity for them to ask any questions that they may have.
speak with an expert
If you’re considering an equity release mortgage, speak to our specialised advisors today for a referral and support.
Some Points for you to Consider Before you Take Out an Equity Release Plan
- Many people don’t wish to uproot from their family home and deal with the hassle and expense of moving. However, downsizing may be an option for you if you need extra cash and don’t mind moving house.
- Asking your family for money can be difficult as no one wishes to be a burden on their loved ones. However, it may be that your family could help you during your retirement years if you are in need.
- There are other forms of borrowing such as a loan or traditional mortgage. However, you need to make sure that you are able to meet the monthly repayments. With an equity release mortgage there are typically no monthly payments to make as the loan plus all the accrued interest is repaid when your home is sold. With a home reversion plan the percentage of the property you sold reverts back to your plan provider. This usually happens when you and your partner pass away or move into long term care.
Why trust RM Mortgages Solutions?
By choosing us as your mortgage advisor, you can be sure to receive comprehensive advice from experienced professionals with access to cutting-edge information about the current mortgage market. Our team of experienced professionals takes pride in their ability to build long-term relationships with clients and assist them throughout the entire mortgage process, from start to finish.
We understand that each client’s situation is different, so we work hard to ensure that each mortgage is tailored specifically to fit your requirements. We always provide impartial advice and unbiased opinions – allowing our clients complete peace of mind when making important financial decisions.
To discover what RM Mortgage Solutions can do for you, get in touch with our specialist advisors today.
Equity Release may involve a lifetime mortgage or home reversion plan which is secured against your property. To understand the features and risks always ask for a personalized illustration.
