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Our most frequently asked questions on Equity Release

Equity Release, retirement, pension income, lifetime mortgage, retirement planning, mortgage advisor | Equity Release |

Over recent years, Equity Release has become an extremely popular way of boosting and supplementing retirement income. As one of the more misunderstood products out there, Laura Healy, Equity Release Adviser at Fairview Financial Ltd in Cheltenham, will answer some frequently asked questions on this topic.

Key benefits and risks of lifetime mortgages

Equity Release, lifetime mortgage, homeowner, retirement, pension income, mortgage advice | Equity Release |

With Equity Release, your home can be a valuable source of retirement income. Releasing equity from your home with a lifetime mortgage is a major decision not just for you but for your entire family, and it should not be entered into lightly. We have put together for you a list of the main pros and cons to consider before embarking on this journey.

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.

@ 2020 by Fairview Financial

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Our Fees

Our standard fee for residential and Buy-to-Let mortgages is £295 and this is paid when the mortgage is offered.

We do not charge a fee to First-Time Buyers. We may however charge a fee of up to £495 for Shared Ownership mortgages and Help-to-Buy mortgages, due to the complexity of the work involved.

Our fee for Equity Release is £795 and this is paid when the mortgage completes.

For commercial mortgages our standard fee is between £495 and £995, depending on the level of complexity, and this is paid when the mortgage is offered.

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.