Independent Financial Services - Equity Release Schemes

For many people the main asset they have invested into over the years is their home, and when they retire, due to personal circumstances, poor pension provision, or poor performing pension schemes, they find that they are asset rich but income poor.

There are various ways of unlocking the capital in your home either by downsizing, re mortgaging, room letting, or taking out a lifetime mortgage or home reversion scheme. We offer an advisory service to help you decide which option best suits you, and does not always involve the use of an equity release scheme, which for some people can be a costly option compared to other avenues they can take.

If we do advise you to take out an equity release scheme, we will only use “ SHIP” member providers, as these all have to offer contracts with a “no negative equity guarantee”, which means you will never owe more than the property value.

To access further information on “SHIP”, and their code of practice, visit their website at www.ship-ltd.org

 

Because we operate on a whole of market independent basis, we offer our services on a commission basis, fee basis, or a mixture of both. You will be given the choice of how we are remunerated for our services at the start of our discussions, but a typical fee for an Equity Release Scheme application would be £1500, which would be offset against any commission we would receive from the product provider.

For example, if a product provider paid us a commission of £500, the fee charged to you would be the balance of £1000.

Each case is evaluated individually, and so fees would vary accordingly.

  

 

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Michael Jones Independent Financial Services based in Rothwell, Northamptonshire offers unbiased independent financial advice (Pensions, Savings and Investments, Mortgages and Loans, Equity Release Schemes, Life and Protection Policies, Disability, Accident and Sickness Cover, Private Health Care and Inheritance Tax and Estate Planning) to both individuals and corporate clients, researching the market to source products and financial services which best suit our client's needs. We are dedicated to giving a high quality of service to our clients from Rothwell, Desborough, Kettering, Northamptonshire and the East Midlands area.