We are completely independent brokers who specialise in providing equity release lifetime mortgages.
We will take as much time as required to fully understand your individual requirements and circumstances, so that we are able to provide you with the best options for you.
With 35 years’ experience in the finance sector, Jerry has a wealth of expertise and specialises in lifetime mortgages and bridging finance.
Lyndsey has been working with Jerry for over 12 years. As an experienced financial advisor with a strong mortgage background, during the past 5 years she has been specialising in providing lifetime mortgages.
Working closely together, Jerry and Lyndsey focus on providing professional and friendly advice on the best lifetime mortgage options available in the market to meet your specific needs.
First Stage - We will ask each other questions
Second Stage - Preparing and submitting your application
Third and Final Stage - All done
If you’re over 55 and looking for a way to boost your retirement income, clear debts or to update and refurbish your property then an equity release lifetime mortgage could be the answer.
The answer really depends on what you want to achieve. We have arranged equity release for homeowners for all sorts of reasons, including but not limited to:
Recently we have seen an increase in the number of applications made to pay off interest only mortgages and to help children purchase property or buy out their ex partners.
Some people worry it is not safe due to fears of leaving loved ones in a financial mess if the property ends up in negative equity. You can be assured that we only use lenders that are members of the Equity Release Council, meaning they have to meet certain standards. One of those standards is called a ‘No Negative Equity Guarantee’, meaning that if the amount owed exceeds the eventual sale price of the property, the lender will write off the remaining debt and your family will not be liable.
Other concerns surround the cost of the products, however the rates have become more competitive, and the terms are more flexible in terms of being able to make payments to keep the debt down.
If you wanted to move house, you can repay the loan when you sell the property if the loan is no longer required. However, if you did not want to repay the loan and wanted to take it with you, the new property would need to be suitable security. There would need to be a new valuation and there are other fees to consider, such as legal costs. If you move to a home of lower value, they may want a partial repayment of the loan to ensure the arrangement still meets their acceptable lending criteria.
Your eligibility to receive state benefits and grants may be affected, although this is something that Jerry and Lyndsey will consider when assessing whether or not Equity Release is suitable for you.
Last updated: 29 April 2021 | © KIS Bridging Loans 2020