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Archive by category: Equity ReleaseReturn

December 2024

How much equity can I release with a lifetime mortgage?

Equity Release, Homeowners, Mortgage tips |

A lifetime mortgage is a type of equity release. In simple terms, it’s a loan secured against the value of your home that allows you to release tax-free cash without needing to move out. You retain ownership, can still live in the property, and it doesn’t need to be repaid until you die or move into long-term care.

November 2024

Should you use equity release to pay off your mortgage?

Equity Release, Mortgage tips |

Should you use equity release to pay off your mortgage? Are your repayments stopping you from saving more for retirement?

October 2024

Use Equity Release to get your house ready for winter

Equity Release, Homeowners |

With winter approaching, are you asking whether your home needs a toasty update? If you are over 55, using equity in your home could be an option. Using our tips, you could keep your house warmer. And save on energy bills! It’s a win-win. We go through some simple changes you can make to your home to keep it warmer. And equity release plans you might be able to use.

Update: Bank of England base rate

Home Movers, First Time Buyers, Remortgages, Equity Release, Homeowners |

In August, The Bank of England cut interest rates to 5% from 5.25%. The first drop in rates since the first Covid lockdown in March 2020. September announced a hold at 5% too. This will affect millions of people's mortgage, credit card, and savings rates. But borrowing costs are still high.

September 2024

Did you know you can use equity release for private school fees?

Equity Release, Mortgage tips, Saving Money, Homeowners |

Have you been saving and working hard to provide your children or grandchildren with the best education, only to find that fees have risen? Sound familiar? Did you know you can use equity release for private school fees? We’ve outlined three types of mortgages that suit homeowners with different needs. Once you’ve read through them, get in touch for a detailed plan on accessing equity release.

August 2024

What is Spear Phishing?

Home Movers, First Time Buyers, Remortgages, Equity Release |

Though it may sound like a thrilling way to catch fish, Spear Phishing is far from exciting—and definitely not fun. Spear phishing occurs when scammers use personal information to impersonate a legitimate business, often one you've interacted with before. Armed with details such as your name, address, date of birth, workplace, or alma mater, they craft messages to deceive you. How many of these details are on your social media profiles, like Facebook or LinkedIn, ready for scammers to explo...

How to reduce risks when taking out a lifetime mortgage

Equity Release, Mortgage tips, Saving Money, Homeowners |

So, you’ve heard of lifetime mortgages, and you are at a stage in life when your finances need a little boost. It’s ideal for adding value to your home, such as for a renovation, taking the dream trip you’ve always wanted, or accommodating new grandchildren. Naturally, you have some questions — and potential concerns — about releasing money from your biggest asset. Who pays it back? And will your family be left in a shortfall?

July 2024

Can a lifetime mortgage help your growing family?

Equity Release |

Congratulations on becoming a grandparent! Equity release can be a way to access value tied up in your home, helping you provide financial support for your grandchild. Wouldn’t it be nice to have the funds to help with your own retirement needs and support your loved ones financially?

June 2024

How to use Equity Release to buy a new home

Home Movers, Equity Release, Homeowners |

If you’re 55+ and have been eyeing up your dream home but aren't sure how you'll be able to afford it. Equity Release could help you purchase a new home! From a fresh space to live to a holiday retreat. We delve into how to use Equity Release to buy a new property.

May 2024

A wedding of a lifetime, covered by equity release

Equity Release, Homeowners |

Did you know you can use equity release for gifting? Also known as a lifetime mortgage, you can help your children/grandchildren have the wedding of their dreams. It may also fund your income for the year. So this could help you take time off to help the kids. Or help you plan and enjoy your own wedding.

Latest Blog

How much equity can I release with a lifetime mortgage?

A lifetime mortgage is a type of equity release. In simple terms, it’s a loan secured against the v...

Should you use equity release to pay off your mortgage?

Should you use equity release to pay off your mortgage? Are your repayments stopping you from saving...

Use Equity Release to get your house ready for winter

With winter approaching, are you asking whether your home needs a toasty update? If you are over 55,...

Update: Bank of England base rate

In August, The Bank of England cut interest rates to 5% from 5.25%. The first drop in rates since t...

Did you know you can use equity release for private school fees?

Have you been saving and working hard to provide your children or grandchildren with the best educat...

What is Spear Phishing?

Though it may sound like a thrilling way to catch fish, Spear Phishing is far from exciting—and def...

How to reduce risks when taking out a lifetime mortgage

So, you’ve heard of lifetime mortgages, and you are at a stage in life when your finances need a li...

Can a lifetime mortgage help your growing family?

Congratulations on becoming a grandparent! Equity release can be a way to access value tied up in yo...

How to use Equity Release to buy a new home

If you’re 55+ and have been eyeing up your dream home but aren't sure how you'll be able to afford ...

A wedding of a lifetime, covered by equity release

Did you know you can use equity release for gifting? Also known as a lifetime mortgage, you can help...

Fairview Financial Ltd is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. Fairview Financial Ltd is registered in England and Wales no: 10912424. Registered office: 107 Promenade, Cheltenham, GL50 1NW.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

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A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.

Our standard fee for mortgages is £395 and this is paid when the mortgage is offered. We charge a fee of £295 First-Time Buyers. Other fees may apply depending on the complexity of the work involved or loan amount. The maximum fee we can charge is £795.

Our standard fee for Equity Release is £895 and this is paid on completion.

We also receive a commission from the lender that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. If we receive a commission, this will not affect the cost payable by you.

THINK CAREFULLY ABOUT SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

EQUITY RELEASE: THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, PLEASE ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.

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