Lifetime mortgages
A flexible option that provides you with funds, either as a lump sum or in stages
At Burlington Financial, with offices in Bridlington, East Yorkshire, and Scarborough, North Yorkshire, we understand that your financial goals are as unique as you are.
That’s why we take a holistic approach to financial planning.
By looking at the bigger picture, we consider every detail of your personal circumstances and financial situation.
This bespoke independent financial advice enables us to craft strategies that prioritise what truly matters to you. Whether you’re planning for a secure retirement, exploring ways to finance future projects, or seeking financial clarity, we’re here to provide solutions that align with your vision. But what does a holistic approach truly mean for you?
Putting your goals at the centre
Do you feel confident in your current financial planning? We believe achieving financial security starts with understanding your individual needs and aspirations. Your family, your lifestyle, and your values are all central to our advice.
Taking the time to listen, we help you make informed decisions that not only work for today but also safeguard tomorrow. This isn’t a one-size-fits-all process. It’s about developing strategies that fit your unique circumstances perfectly.
Exploring Lifetime Mortgages
Are you thinking about unlocking the value in your home? A lifetime mortgage could help you release equity without giving up ownership of your property. This flexible option provides you with funds, either as a lump sum or in stages, while your home remains yours to live in.
The loan, along with any interest that accrues, only needs to be repaid when specific conditions are met. This could be if you pass away, move into long-term care, or breach the terms of the mortgage. What’s reassuring is that many lenders offer a ‘no-negative-equity’ guarantee, ensuring you never repay more than your property’s value. But could this solution be right for you?
Seeking trusted advice
Lifetime mortgages can be an effective way to unlock capital, but they are not the right fit for everyone. We will help you weigh up the potential impact, considering alternatives like downsizing or support from family members. It’s important to involve close relatives in the discussion as it may affect the value of your estate.
We also ensure you’re aware of additional costs, such as legal and valuation fees, and how a release of equity may affect entitlement to state benefits. Independent legal advice plays a critical role in this process, and we’ll guide you every step of the way.
Want to discuss releasing equity without giving up ownership of your property?
At Burlington Financial, we’re not just about numbers; we’re passionate about helping people reach their financial goals with clarity and confidence.
Would you like to discover how our tailored independent financial advice could make a difference? Contact our friendly and professional team in Bridlington or Scarborough today. Together, we can create a financial plan for the future you deserve. Call us now or use our contact form to start the conversation.
