We understand that our clients may not be able to do the regular 9 to 5 so you can rely on us to work around you.
With over 40 years combined experience here at Coastway Financial you can rest easy that you will get the most suitable advice.
We will search for the most suitable mortgage for your individual circumstances, including adverse credit.
Welcome to Coastway Financial. If you are over 55 and you are thinking about releasing money from your property, then equity release plans are the ideal solution. Equity release means that you can gain money from your home, without monthly repayments.
There are two different types of equity release: Lifetime Mortgages and Home Reversion plans.
What is a Lifetime Mortgage? This is a loan, which is secured to your property and lets you release tax-free cash without having to move. The money is borrowed against your property's value but you don't need to pay it back until you move into long-term care, or you pass away.
What are Home Reversion Plans? These let homeowners sell anywhere from 25% to 100% of their home and receive a lump sum, or regular payments (or both), while still living in your home.
Lifetime Mortgages and Home Reversion plans are both regulated by the Financial Conduct Authority.
Equity release is incredibly useful if you are a homeowner who is near retirement, or has reached it. There are many different equity release schemes available and many different brokers, so it's crucial to ensure that you are using a specialist who can explain the different services that are available.
As a homeowner, these services can help you to release either one lump sum, or more regular lower amounts (or both). They can be used for many different things, be it big life events, helping loved ones or home improvements.
With equity release, there is no affordability calculation, or a set monthly fee. All payments are paid after the sale of your property, or following death. The important aspects are how old you are, your property type and where you are located.
Our team at Coastway Financial specialise in equity release and our experienced advisers will be able to find the perfect equity release plan that works around your specific requirements. For further information on equity release in Bexhill, East Sussex, call us today on 01323 335 007 or email us on enquiries@coastwayfinancial.com.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
