Later Life Mortgages
Later Life Mortgages provide a way for homeowners aged 55 and over to access the value accumulated in their property, whilst continuing to live in it.
Later Life Mortgages is a way that homeowners aged 55 and over can access the value built-up in their property whilst continuing to live there. It allows you to release some or all of that equity, to be used for various reasons, providing opportunities to improve you and your family’s the lifestyle. The amount of equity is the value of your home less any mortgage or loan secured on it.
At Henry Dannell, our experienced specialists can support you in determining the most suitable solution fitting your needs and circumstances, by exploring all of your options to ensure that whatever you decide, it will meet your needs now and in the future.
Later Life Mortgages provide a way for homeowners aged 55 and over to access the value accumulated in their property, whilst continuing to live in it.
Buying a new home is part of a bigger lifestyle choice. We take the time to understand your requirements and goals, which will ensure you find the best solution that will put you on the path to achieving your desired outcomes.
Inheritance Tax Cover provides insurance to protect your family and loved ones from the tax liability associated with inheriting your estate, upon your passing.
We were able to source a lender who was both comfortable with the proposed works and able to value the property, despite its unique features and lack of comparables.
We were able to secure our client a fixed-rate plan and assist in securing them an additional 1% LTV, allowing them to retain all of their savings.
Using our market knowledge, we were able to source a lender that offered our client enhanced terms for a lower fixed rate.
We were able to source a lender willing to offer at 5.5 times the client’s income, without factoring in the current residential mortgage, on the basis we could evidence consent to let and provide expected rental estimates from local agents.