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. If you are 55 or older and are considering the release of money from your home, then equity release is the perfect option. Equity release allows you to get an income from your property, without the need for a monthly repayment.
There are two main kinds of equity release: a Home Reversion Plan or a Lifetime Mortgage.
What is a Home Reversion Plan? This lets a homeowner sell between 25% and 100% of their house and either receive regular payments or a lump sum (or both options), whilst still letting you live in your home.
What is a Lifetime Mortgage? These loans are secured to your home and let you release tax-free cash without the need to move. It is financed against the value of your home but there's no need to pay it back until you move into long-term care, or pass away.
Home Reversion plans and Lifetime Mortgages are both regulated by the Financial Conduct Authority.
Equity release can be a great option if you are a homeowner who is either coming up to retirement, or is retired. There are a wide range of different equity release solutions on offer and a variety of brokers, so it's essential that you make sure you're using an expert in the services available.
For homeowners, equity release schemes can help you to access money as a lump sum, or regular payments (or both these things). They can then be utilised for many different things, including helping family to get on the property ladder, for big life events, or for enhancements to your home.
There are no monthly fees or an affordability calculator for equity release. All payments are either made once your property is sold, or after death. The crucial elements are your age, what kind of property you have and where your property is based.
Our advisers can find you the ideal plan for your needs. If you would like further information on equity release in Hailsham, East Sussex, please call us today on 01323 335 007 or email enquiries@coastwayfinancial.com.
