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 Finanacial you can rest easy that you will get the best advice.
We will search for the most suitable mortgage for your individual circumstances, including adverse credit.
Welcome to Coastway Financial. Are you 55 or older and looking to release capital from your home? Equity release is the perfect option which allows you receive money from your home without monthly repayments.
When it comes to equity release there are two main types: a Home Reversion Plan or a Lifetime Mortgage.
What is a Home Reversion Plan? This option allows a homeowner to sell between 25% and 100% of their home, whilst still living in it and in-return receive, a lump sum or regular payments (or even both options).
What is a Lifetime Mortgage? This allows you to release tax-free cash from you property through a loan which is secured to your home. The loan is financed against the value of your home and repayment isn't required until you pass away or move into long term care. Lifetime mortgages grant you with an influx of cash without the hassle of having to move and downsize.
Our Home Reversion plans and Lifetime Mortgages are both regulated by the Financial Conduct Authority.
For homeowners who are retired or coming up to retirement, equity release can be a great route. There are a number of equity release products on the market from a wide range of brokers. This makes it even more important that you are using equity release experts to assist you in the process.
Equity release offers homeowners the opportunity to access cash from their property whether this be as a lump sum or regular payments. Equity release is often used as a solution to make enhancements on your home, help family members make a move onto the property ladder or to pay for a big life event.
For equity release there is no affordability calculator or monthly fees. Payments are made upon the sale of your property or after death. The important aspects are your age, the type of property you have and the location of your property.
For independent financial advice you can trust book a consultation with one of our equity release advisers today. We will discuss your circumstances to find the ideal plan to suit your requirements. For more information please call us today on 01323 335 007 or email enquiries@coastwayfinancial.com.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
