Equity Release Mortgage Adviser.

LOCAL TO BRIGHTON & HOVE AND MID-SUSSEX AREAS

My greatest satisfaction comes from helping clients achieve their lifestyle objectives by unlocking the wealth they have in their property. Speak to your local Brighton & Hove and Mid-Sussex based Equity Release Mortgage adviser.

LOCAL BRIGHTON & HOVE / MID-SUSSEX BASED EQUITY RELEASE MORTGAGE ADVISER.

Nigel Urban can help release some of your property value to provide a cash lump sum, for all manner of reasons, to help you enjoy the life you want to live. The property remains yours and if you wish you can still leave some inheritance to whoever you wish.

As your local Brighton & Hove / Mid-Sussex based Equity Release Mortgage adviser, I aim to provide a clear understanding of the various Equity Release schemes, and how they would relate to your individual circumstances.

I have helped many people unlock some of the cash in their home for a number of reasons, in order to help improve their lives. Whether it is improving the home or the garden, paying off the outstanding mortgage, or giving money to your children, I am here to help.

I advise on equity release, more specifically lifetime mortgages, which will allow you to release some of the equity in your home. You can release money for most reasons. I also advice on other, later life, alternatives to lifetime mortgages, which are sometimes more appropriate.

SOME OF MY CLIENTS ARE RELEASING EQUITY FOR GREAT THINGS

Subject to eligibility, you can release equity for almost any reason. Speak to Nigel Urban about how the schemes work and how much you can release. We think you will be pleasantly surprised at how easy it is to release equity.

HOME
IMPROVEMENTS

THAt holiday
of a lifetime

treating friends
or family

Repaying an
Existing mortgage

that nice new car you promised yourself

WHY YOU SHOULD USE NIGEL URBAN

Choice

I provide Equity Release advice on a “whole of market” basis

Trusted

Finance Planning is Directly Authorised by the FCA, giving you peace of mind

Qualified

I am fully qualified to give Equity Release advice, have membership of the Equity Release Council and hold professional status with Answers in Retirement

Home visit

I can visit you at your home if this is more convenient, and speak to other family members, if you wish

No obligation

I offer a no obligation service with a free initial consultation. There is never any fee until I successfully get you a mortgage.

More about our service here.

Equity Release Calculator

Why not use our simple form to request an estimate of how much you can borrow?

Alternatively, you can call Nigel on 07765 465 508 or email nigel.urban@financeplanning.co.uk

Do you qualify?

Whilst we arrange mortgages for all ages, specifically for equity release a rule of thumb is that you fit three very simple criteria

Be Over 55 years old

own a property in the uk

standard construction

What is Equity Release?

There are two types, Lifetime Mortgages and Home Reversion.

A Lifetime Mortgage is a way of releasing monies from your property while still retaining full ownership of it. A lender will place a charge over the property (similar to a conventional mortgage) but there is no requirement for you to make any repayments to the lender during the term. The Lifetime Mortgage is designed to continue for the remainder of your life or until you go in to long term care. Throughout the term of the Lifetime Mortgage you will still own your home.

Home Reversion schemes allow you to release equity by way of you selling part, or all, of your home. Whilst you can continue to live in the property it is no longer fully owned but essentially a proportion is leased, albeit rent free.

We only advise on Lifetime Mortgages.

How much can you release from the property?

This can depend on a number of factors mainly the property value, your age and your health. The older you are the more you will be able to borrow. I will be happy to work this out for you.

How do Lifetime Mortgages work?

A Lifetime Mortgage is a loan secured against your property and it is only repaid when the property is sold either when you, or both you and your partner, have passed away, or have moved into long term care.

Very often the Lifetime Mortgage will have a fixed interest rate and when you release equity from the property then interest will start accruing on the full amount from the first day you borrow the monies. If you don’t need all the funds in one go then there is an option to release further funds at a later date, this is called a drawdown facility. This way you will only start paying interest when you drawdown the funds.

some features of a lifetime mortgage

– You will still own your home

– The interest typically accrues, then rolls up and is added to the loan. This is called compound interest.

– You do not need to make any payments to the lender, as the lifetime mortgage amount plus the compound interest, is fully repaid when the Lifetime Mortgage comes to an end. This is usually when the property is sold either on death or moving into long term care.

– With most Lifetime Mortgages you can still make lump sum repayments towards the mortgage to reduce the outstanding balance without penalty (subject to a maximum percentage per year).

– Inheritance Protection is available on some Lifetime Mortgages. This enables you to protect a certain percentage of the property in order that your beneficiaries will inherit a portion of the property value regardless of how long the lifetime mortgage continues for.

– Your estate will benefit from any house price increases that are over and above the outstanding amount you owe to the Lifetime Mortgage provider.

– You can still move your Lifetime Mortgage to another suitable property.

Equity Release Council

We arrange Lifetime Mortgages which have been approved by the Equity Release Council who set down certain standards for lenders to adhere to, these include:

– The right to stay in your home for the rest of your life, or until moving into long term care.

– A ‘No Negative Equity Guarantee’. This means that you will never owe more to the lender than the value of your property at any time.

– The right to move home to another suitable property, subject to certain criteria being met by the lender.

We are also regulated by the Financial Conduct Authority which means we have to follow strict guidelines to ensure you are getting the best advice.

Happy customers are a sign of a someone you can trust

Excellent service - professional, efficient, prompt & pleasant, and easy to get on with .... Good value ... !

Nigel was very thorough and professional and also very likeable

I was amazed at the help given by Finance Planning's Adviser. I truly believe we would not have this house without Nigel's continued support and advice. He took so much of the stress and pressure from myself and my husband and dealt with everything so efficiently. I am so grateful.

Nigel not only secured us a far better deal than we had previously been offered, but his professional approach ensured that everything went smoothly and without any hitches. Would have no hesitation in recommending his services.

REGULATORY INFORMATION

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

For insurance business we arrange policies from a panel of insurance companies.

Finance Planning is a trading name of The Finance Planning Group Limited, which is authorised and regulated by the Financial Conduct Authority.

CONTACT INFORMATION

Nigel Urban
Mortgage & Protection Adviser

nigel.urban@financeplanning.co.uk

01444 449 200
07765 465 508

Hurstwood Grange, Hurstwood Lane, Haywards Heath, West Sussex RH17 7QX