Helping your clients through retirement think house, think equity release

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Helping your clients through retirement think house, think equity release"

Transcription

1 For For financial intermediary use use only. only Not approved for use with customers. Helping your clients through retirement think house, think equity release Not qualified? Referrals - The Right Way Vicky McDaid, Specialist Sales Manager -, Equity Release

2 Housekeeping On the top right of your screen you will have a dashboard which enables you to ask questions throughout the webinar. To raise your hand in a webinar click here. To ask a question, please type here and we will respond to your question either in the webinar itself, or shortly thereafter.

3 Agenda What is financial planning and the role of equity release in financial planning? What are the opportunities in the equity release market? What are the issues facing the equity release market? Accessing the opportunity through The Right Equity Release referral service. Next steps Your questions with Vicky McDaid and Rob Brennan

4 Equity release options for accessing the market Qualified? ER a business priority? Want to be qualified? Products/ Support Referral to Qualified Adviser Learning Opportunity

5 What is Financial Planning? Financial planning is about ensuring that the right amount of money is delivered into the right hands, at the right time.

6 Thousands ( ) Some food for thought Average house price 163, , Source: Nationwide House Price Index full year 2012

7 Building equity release into the financial planning process A spotter s guide (available on 1. Debt repayment 2. Day to day living expenses 3. Maintaining your lifestyle 4. Improving your lifestyle 5. Helping your family improve their lifestyle 6. Later life planning

8 12 Scenarios Debt Mortgage shortfall Credit cards Retired 5 years+? Struggling from inflation New car Funding holidays Holiday home Private medical care Property deposits Help with attending university Accelerating inheritance Funding home based care

9 Equity release client spotters guide A client spotter s guide (available on Mr and Mrs Mortgage Shortfall Mrs Twilight Mr and Mrs Level Income Mr Ben E Factor

10 All this begs two questions How many clients do you have who have needs such as those in the 12 situations we ve just looked at that may currently be inadvertently overlooked? To what extent do you routinely rule in or rule out the use of equity release with all your clients?

11 Significant property based wealth Over 4.5 million households in the UK are owned outright by people aged 65 or over*; Research in 2005 revealed that there are about a million older home owners in England whose incomes are so low that they are eligible for pension credit (whether or not they actually claim it), yet they have equity in their home in excess of 100,000.** In total, it has been estimated that homeowners aged 65 or over own over 750 billion in un-mortgaged property*. Source: * Key Retirement Solutions, Jan 2013 ** Housing-rich, Income-poor: The Potential of Housing Wealth in Old Age (Institute for Public Policy Research, October 2005)

12 Property wealth 210,761,600,000** 752,720,000,000* Source: * Key Retirement Solutions Jan 2013 ** Based on average 28% LTV

13 Equity release Debt repayment 150,000 Interest only mortgages maturing annually for next 7 years.* By 2017, 40,000 interest only mortgages maturing held by over 65 s.** 3.2 Bn per year by 2017** 40,000 mortgages per year Source: * FSA Mortgage Market Review Data Pack December 2011 ** FCA Interest Only Mortgage Review

14 Equity release clients LTC Estate Planning Debt Repayment Customers aged 55+ Improve lifestyle Aspirational Day to Day living expenses Maintain Lifestyle Mintel Report Equity Release UK, May 2011

15 The role of housing equity in retirement planning

16 Issues and opportunities Mortgages into retirement. Interest only mortgages. 33% solely reliant on state pension.* Average pension fund not generating income expected. Level incomes eroded by high pensioner RPI.** * Just Retirement research, The role of housing equity in retirement planning July ** The Age UK Enterprises Silver RPI, November 2010

17 Nostalgia vs. Reality a time for change! Property value Annuity rates

18 What do clients need? Is it education? Mortgage

19 What do clients need? Is it education? 15 years 10 years 5 years

20 Equity release a simple explanation Equity release is the process of using the value of your home to raise cash. It allows you to borrow against the value of your home if you are over 55 and own your property. You normally don t need to make any payments during your lifetime. Instead, the loan plus interest is repaid when you die or go into long-term care. After the explanation 26% of the at-retirement group would consider equity release.* Those in retirement wanted reassurance that the loan would not exceed the property value.* * Just Retirement research, The role of housing equity in retirement planning July 2012.

21 Risks Wrong product Losing equity What is the biggest risk regarding equity Spending money too soon release? Eviction Benefits & tax Portability

22 Equity Release Council launched May 2012 The role of ERC is to: Change the consumer outlook Grow ERC membership Provide the same guarantees and safeguards as SHIP Six point code of conduct: 1. Remain in their property for life. 2. Clear and simple presentation of products. 3. Right to move without financial penalty. 4. Legal work completed by client s solicitor. 5. ERC certificate showing the terms and conditions and impact of ER on their estate. 6. No negative equity guarantee (terms and conditions available on request)

23 Customer feedback Equity release has made a significant difference in your retirement? Yes Other 96% Source: Just Retirement limited Customer Survey, April 2010

24 Equity release options for accessing the market Qualified? ER a business priority? Want to be qualified? Products/ Support Referral to Qualified Adviser Learning Opportunity

25 Rob Brennan Director The Right Equity Release The views expressed here are those of The Right Equity Release, not Just Retirement Ltd 25

26 Why Equity Release? Pension annuity rates are poor, meaning reduced retirement income Bank savings interest rates at long term low Cost of living increasing High unemployment in older age groups First rich generation Children in financial need for help You want to just enjoy life The views expressed here are those of The Right Equity Release, not Just Retirement Ltd 26

27 How Clients Use Equity Release: Home Improvements 55% Cushion against large bills 12% Second property 10% Buy a car 10% School or University fees 9% Increasing income 6% Maintain lifestyle 6% Holidays 6% Hospital/long term care 2% Other 2% The views expressed here are those of The Right Equity Release, not Just Retirement Ltd 27

28 To Summarise A vehicle to safely raise funds from your home in a flexible way within a regulated product As a lump sum or drawn down in smaller amounts at ad hoc or structured times Financial security as there are no repayments during your clients lifetime No negative equity guarantees A means to raise the money to repay mortgages in retirement to free up retirement income The views expressed here are those of The Right Equity Release, not Just Retirement Ltd 28

29 Mortgage Regulation, The changes we faced: FSA s attitude to dabblers- High risk area, just having examinations not enough, looking for continuing competence SHIP- advisory body set up to help grow consumer confidence now re-branded as The Equity Release Council FSA- all products are now regulated New regulator FCA The views expressed here are those of The Right Equity Release, not Just Retirement Ltd 29

30 Why recommend The Right Equity Release? National sales force-professional, qualified, experienced, experts meaning higher conversion rates Not authorised- no need for expensive PI cover, further exams in specialist areas Reciprocal leads- Mortgages, pensions, investments etc. We give back to our introducers Special deals- Market leading enhanced terms with many lenders, cash back, free valuations enhanced commission rates, lower interest rates The views expressed here are those of The Right Equity Release, not Just Retirement Ltd 30

31 Where will Equity Release fit in your portfolio? Lending in retirement- Stonehaven s Interest Select Plan Adverse credit a possible lending solution Inheritance tax planning- turning a fixed asset into a liquid asset, gifting or investing. The mortgage ladder- 100% mortgages are back Rising long term interest rates on mortgages- Fixed interest rates for life Buy to lets- raising money from your buy to let portfolio to free up equity in stages to mitigated CGT Second homes and Holiday homes- releasing money tied up in investment properties Divorce- Raising the funds to pay a spouse when you have little or no income The views expressed here are those of The Right Equity Release, not Just Retirement Ltd 31

32 What s in it for YOU? Average loan is 60,000 Procurement fees vary between % Average commission (based on 3.25%) = 1950 We pay 50% of the procurement fee = 975 All you need to do is identify potential clients and pass on the name and contact details and we do the rest! The views expressed here are those of The Right Equity Release, not Just Retirement Ltd 32

33 When a Referral makes Sense Earn Extra Income If this is an area of financial planning you would like to provide your clients with solutions and assistance, then we are here to help. We will sign a referral agreement which will contain a strict no cross sell agreement, any other business found by the consultant will be fed back to the referrer. The views expressed here are those of The Right Equity Release, not Just Retirement Ltd 33

34 Your Introducers - Where will you get leads from to earn you income? Existing clients- How can we help? Solicitors- Divorce, bankruptcy, Wills and probate lawyers, clients in their existing client bank Accountants- Clients who need a cash injection for their business Mortgage brokers- Cannot help clients with adverse credit or lending into retirement Will writers- seeing retired clients who may need help Debt management companies- Using a ER to be able to raise fund to keep property Age related groups- Age UK,etc Breakfast clubs- Weekly, monthly clubs where you can make a special request Annuity and pension advisors- Advising clients who are about to retire on a reduced income The views expressed here are those of The Right Equity Release, not Just Retirement Ltd 34

35 In Summary Refer an enquiry We visit the client A case is written Valuation and offer carried out Case completes Commission arrives, you get paid first. From referral to completion in 4-6 weeks, this is why The Right Equity Release is the right choice for you and your clients. The views expressed here are those of The Right Equity Release, not Just Retirement Ltd 35

36 Intermediary poll referring clients to The Right Equity Release I m interested in referring clients to The Right Equity Release I want to find out more about getting qualified I want to find out more about equity release marketing

37 Action plan

38 Action plan Refer to The Right Equity Release service

39 Supporting you Calculators Literature library Marketing material Events, webinars and revision courses Equity release research Full report available at @VickyMcDaid

40 Important information It is our intention that the information contained within this presentation is accurate. We have taken all reasonable steps to ensure that it is up-to-date and where relevant, reflects the current views of our experts. However, we do not accept any liability for errors or omissions in the information supplied and if you require clarification on anything, our recommendation is that you contact us at the address below for verification, or call Our registered address: Just Retirement Limited Vale House, Roebuck Close, Bancroft Road, Reigate, Surrey RH2 7RU. Regulatory information: Just Retirement Limited (Registered in England Number ). Registered Office: Vale House, Roebuck Close, Bancroft Road, Reigate Surrey, RH2 7RU. Just Retirement Limited is authorised and regulated by the Financial Services Authority.

41 For For financial intermediary use use only. only Not approved for use with customers. Your Questions With Vicky McDaid, Specialist Sales Manager Equity Release and Rob Brennan, Director The Right Equity Release

A Guide to Releasing Capital from your Home

A Guide to Releasing Capital from your Home Advice for older people A Guide to Releasing Capital from your Home Advice provided by Advice for older people FirstStop Advice brings together the expertise of some of the most trusted and respected organisations

More information

Your retirement could have even more going for it

Your retirement could have even more going for it Your retirement could have even more going for it A straightforward guide to equity release For no obligation advice: call 0800 015 0993 www.justretirementsolutions.com Contents Imagine what you could

More information

Equity Release Guide. Helping you make the right decision. nationwide service all lenders available personal visits. www.therightequityrelease.co.

Equity Release Guide. Helping you make the right decision. nationwide service all lenders available personal visits. www.therightequityrelease.co. Equity Release Guide 0800 612 5749 www.therightequityrelease.co.uk Helping you make the right decision nationwide service all lenders available personal visits 1 Welcome to The Right Equity Release Who

More information

Making the most of your retirement

Making the most of your retirement Making the most of your retirement A guide to equity release and our advice service Provided by Contents Welcome from the Age UK Group 3 Do more with your retirement 4 What is equity release? 5 Is equity

More information

Equity Release Guide. www.seniorissues.co.uk

Equity Release Guide. www.seniorissues.co.uk Equity Release Guide www.seniorissues.co.uk For more information or to speak to one of our trained advisers please telephone our Senior Issues Team on 0845 855 4411 The Caesar & Howie Group 7/3/2008 EQUITY

More information

Customer Guide. to lifetime mortgages. more 2 choose a range of lifetime mortgage plans to suit every need

Customer Guide. to lifetime mortgages. more 2 choose a range of lifetime mortgage plans to suit every need Customer Guide to lifetime mortgages more 2 choose a range of lifetime mortgage plans to suit every need From one of the UK s largest retirement lending specialists Please speak to your adviser for further

More information

Use your home to your advantage. A guide to equity release

Use your home to your advantage. A guide to equity release Use your home to your advantage A guide to equity release 2 A guide to equity release Introducing Retirement Advantage Previously known as MGM Advantage and Stonehaven, we are a wellestablished company

More information

A simple guide to getting more from your future with. Aviva Equity Release. Best Equity Release Lender

A simple guide to getting more from your future with. Aviva Equity Release. Best Equity Release Lender A simple guide to getting more from your future with Aviva Equity Release Best Equity Release Lender J4602_PF011120_1015.indd 1 09/10/15 8:06 pm Contents An introduction to Aviva Equity Release What is

More information

Roll-up Lifetime Mortgage Lump Sum Plus Lifetime Mortgage

Roll-up Lifetime Mortgage Lump Sum Plus Lifetime Mortgage Lifetime Mortgages Roll-up Lifetime Mortgage Lump Sum Plus Lifetime Mortgage Using the value in your home for a better retirement Just Retirement s Lifetime Mortgages Who are we? Just Retirement Limited

More information

Chadwick s. Equity Release

Chadwick s. Equity Release c Independent Chadwick s Financial Advisers Equity Release Contents Chadwick s IFA Page 4 Equity Release Page 5 Lifetime Mortgages Page 6 Home Reversion Schemes Page 7 Considerations Pages 8&9 Safe Guards

More information

Introducing equity release

Introducing equity release Introducing equity release Equity release refers to a range of products that let your clients access the cash tied up in their homes. The equity release market has seen low interest rates, a rise in property

More information

largeequityrelease.com EQUITY RELEASE GUIDE Speak to one of our specialists today on 020 3824 0904

largeequityrelease.com EQUITY RELEASE GUIDE Speak to one of our specialists today on 020 3824 0904 largeequityrelease.com EQUITY RELEASE GUIDE Speak to one of our specialists today on 020 3824 0904 CONTENTS What is equity release?... 3 How much money could I raise through an equity release?... 4 What

More information

A Guide to Equity Release in Retirement

A Guide to Equity Release in Retirement A Guide to Equity Release in Retirement 1. Introduction For the retirement you deserve 2. What is Equity Release? 3. Equity Release Plans The options available to you 4. The Application Process 5. Questions

More information

Retirement. Providing solutions for your future

Retirement. Providing solutions for your future Retirement Providing solutions for your future ,,,, We firmly believe that retirement is a time to enjoy the rewards of your lifes hard work and having access to the funds to turn your ideas and dreams

More information

Your Guide to Equity Release

Your Guide to Equity Release Equity release has enabled me to go on more holidays, purchase a new car and make some major household purchases. The service provided met our financial needs in an efficient and helpful way. John, Sutton

More information

Equity Release. A guide to our Lifetime Mortgage products

Equity Release. A guide to our Lifetime Mortgage products Equity Release A guide to our Lifetime Mortgage products Introducing Retirement Advantage Previously known as MGM Advantage and Stonehaven, we are a well-established company that can trace its roots back

More information

Your guide to. Equity Release. with no obligation

Your guide to. Equity Release. with no obligation Your guide to Equity Release Expert advice with no obligation Your introduction to equity release Your retirement should give you the freedom to do all the things in life you haven t had time for. However,

More information

WHAT IS EQUITY RELEASE? WHY CONSIDER EQUITY RELEASE?

WHAT IS EQUITY RELEASE? WHY CONSIDER EQUITY RELEASE? WHAT IS EQUITY RELEASE? Equity Release can free some of the capital tied up in your home, while you continue to live there. This money can be in the form of a tax-free lump sum, a regular income or a combination

More information

EQUITY RELEASE GUIDE. Everything you need to know about equity release.

EQUITY RELEASE GUIDE. Everything you need to know about equity release. EQUITY RELEASE GUIDE Everything you need to know about equity release. An informative guide from the equity release specialists The informative guide to equity release... Equity release has come a long

More information

Briefing Paper on Equity Release

Briefing Paper on Equity Release COUNCIL of MORTGAGE LENDERS Briefing Paper on Equity Release What is equity release? 1. Equity is the difference between any mortgage you may have and the value of your home. Equity release is a way of

More information

Your Guide to Equity Release

Your Guide to Equity Release Equity release has provided me with financial stability. I now have the opportunity to help my family, go on holiday, and make some home improvements. Mr W, East Sussex Your Guide to Equity Release Contents

More information

Equity Release An easy to understand guide just for you

Equity Release An easy to understand guide just for you TRuE BEARing ChARTEREd e Right direction for Financial Advice Equity Release An easy to understand guide just for you True Bearing Chartered 2 Buckshaw Court, East Terrace Business Park Euxton Lane, Euxton,

More information

Equity Release Guide

Equity Release Guide A Refreshing Approach to Equity Release Equity Release Guide Are you thinking of Equity Release? Choose The Right Equity Release Nationwide Service All Lenders Available Personal Visits What is Equity

More information

Roll-up Lifetime Mortgage Lump Sum Plus Lifetime Mortgage

Roll-up Lifetime Mortgage Lump Sum Plus Lifetime Mortgage For financial advisers only. Not approved for use with customers. Lifetime Mortgages Roll-up Lifetime Mortgage Lump Sum Plus Lifetime Mortgage Technical guide for financial advisers Using the value of

More information

Certificate in Regulated Equity Release

Certificate in Regulated Equity Release Unit 1: Fundamentals of Equity Release Certificate in Regulated Equity Release Attainment Level knowledge of: K1 Definition of a Home Reversion (HR) plan & alternative methods of equity release/capital

More information

Everything you need to know about equity release.

Everything you need to know about equity release. Everything you need to know about equity release. An informative guide from the equity release specialists Welcome to the Retiredom guide to equity release. Equity release has come a long way since regulation

More information

Reverse Mortgages Policy

Reverse Mortgages Policy Reverse Mortgages Policy March 2014 Version Date 2 November 2012 3 March 2014 Document owner Professional Standards Professional Standards Approved by RI Compliance Committee Date of approval 22/11/2012

More information

A guide to equity release

A guide to equity release Enjoying financial freedom in retirement: Enjoying financial freedom in retirement: A guide to equity release A guide to equity release Many people see equity release as a way to ensure a comfortable retirement.

More information

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages LEGAL & GENERAL HOME FINANCE Guide to Lifetime Mortgages A lifetime mortgage could give you the freedom to really enjoy your retirement. We re delighted you re finding out more about lifetime mortgages.

More information

Reverse Mortgages A Source of Funds for Retirement?

Reverse Mortgages A Source of Funds for Retirement? Reverse Mortgages A Source of Funds for Retirement? Many people make it a goal of their financial lives to invest in a home. It is a great accomplishment when that last mortgage payment is made. Can a

More information

Welcome to. OneFamily

Welcome to. OneFamily OneFamily Lifetime Mortgages 1 Welcome to OneFamily Welcome to our OneFamily Lifetime Mortgages. This brochure acts as an easyto-digest introduction to lifetime mortgages and provides you with a summary

More information

Our Home Reversion Plan. Enjoy your retirement by unlocking the value of your home

Our Home Reversion Plan. Enjoy your retirement by unlocking the value of your home Our Home Reversion Plan Enjoy your retirement by unlocking the value of your home I can now have the garden I ve always wanted. 1 Bridgewater Equity Release Limited the Home Reversion Plan experts Bridgewater

More information

CAVENDISH EQUITY RELEASE. The Essential Guide. Equity Release TRUSTED & IMPARTIAL ADVICE SINCE 1985

CAVENDISH EQUITY RELEASE. The Essential Guide. Equity Release TRUSTED & IMPARTIAL ADVICE SINCE 1985 CAVENDISH Equity Release TRUSTED & IMPARTIAL ADVICE SINCE 1985 EQUITY RELEASE The Essential Guide INDEX Welcome to Cavendish Equity Release 3 How can Equity Release be used? 4 Why is specialist advice

More information

SPANISH LIFETIME MORTGAGE

SPANISH LIFETIME MORTGAGE SPANISH LIFETIME MORTGAGE The following presentation relates to a Lifetime Mortgage which is available to European owners of Spanish Residential properties who are fluent in English. Golden Age Distribution

More information

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages LEGAL & GENERAL HOME FINANCE Guide to Lifetime Mortgages A lifetime mortgage could give you the freedom to really enjoy your retirement. We re delighted you re finding out more about lifetime mortgages.

More information

Commissioned by. Written by. Supported by

Commissioned by. Written by. Supported by Use of Housing Equity for Beginners A self training module Commissioned by Written by Supported by About this training module This self training module is for people who want to understand the basic ideas

More information

THE RESPONSIBLE EQUITY RELEASE GUIDE. Everything you need to know about equity release.

THE RESPONSIBLE EQUITY RELEASE GUIDE. Everything you need to know about equity release. THE RESPONSIBLE EQUITY RELEASE GUIDE Everything you need to know about. An informative guide from the specialists Welcome to the Responsible guide to. Equity release has come a long way since regulation

More information

Council of Mortgage Lenders Equity release leaflet unlocking the value of your home

Council of Mortgage Lenders Equity release leaflet unlocking the value of your home Council of Mortgage Lenders Equity release leaflet unlocking the value of your home What is equity release? Equity is the difference between any mortgage you may have and the value of your home. Equity

More information

Your essential guide to equity release. from the UK s No. 1 specialist

Your essential guide to equity release. from the UK s No. 1 specialist Your essential guide to equity release from the UK s No. 1 specialist 03 03 04 05 06 07 08 09 10 15 Contents What is equity release? How could equity release help you? Why choose Key Retirement? Mr & Mrs

More information

Is equity release the right choice for you? Protecting yourself If it isn t right for you, what are the alternatives?

Is equity release the right choice for you? Protecting yourself If it isn t right for you, what are the alternatives? Buyer s Guide : Content Page 1: What is equity release? Page 2: Is equity release the right choice for you? Page 3: Protecting yourself If it isn t right for you, what are the alternatives? Page 4: Lifetime

More information

Our Enhanced Lifetime Mortgages Explained

Our Enhanced Lifetime Mortgages Explained Our Enhanced Lifetime Mortgages Explained Contents Make the very best of life..........................................2 About more 2 life and the enhanced lifetime mortgage plans............3 - The plan

More information

Equity Release. Standards for Appropriate Examinations. AES3/011206 Financial Services Skills Council 2006 1

Equity Release. Standards for Appropriate Examinations. AES3/011206 Financial Services Skills Council 2006 1 Equity Release Standards for Appropriate Examinations AES3/011206 Financial Services Skills Council 2006 1 The Standards The Standards contain the following information: 1. The learning outcomes that must

More information

Planning and implementing property investment strategies for your children's long-term benefit

Planning and implementing property investment strategies for your children's long-term benefit Planning and implementing property investment strategies for your children's long-term benefit This is an excerpt from Lawpack s book Property Investment for your Children. To find out more about making

More information

C o n v e r t i n g Y o u r H o m e s E q u i t y i n t o C a s h

C o n v e r t i n g Y o u r H o m e s E q u i t y i n t o C a s h R E V E R S E M O R T G A G E S E R V I C E S C o n v e r t i n g Y o u r H o m e s E q u i t y i n t o C a s h 2010 Wilmington Savings Fund Society, FSB Member FDIC All Rights Reserved 015 6-10 From your

More information

Partnership Programme

Partnership Programme Not approved for use with customers Equity Release Partnership Programme www.responsible.org.uk The growth sector for the next decade www.responsible.org.uk t: 0800 012 4180 e: partner@responsible.org.uk

More information

The Saga Guide to Paying for Care

The Saga Guide to Paying for Care The Saga Guide to Paying for Care Welcome An active and secure retirement is something we like to think we re all entitled to and we find it hard to imagine a time beyond that, when we may need care from

More information

Key Annuities Features of the Just Retirement

Key Annuities Features of the Just Retirement Key Annuities Features of the Just Retirement Make Fixed Term your retirement Annuity income the best it can possibly be This brochure outlines the key features of the Just Retirement Fixed Term Annuity.

More information

exploring the options

exploring the options Information caveat The content of this presentation is provided for illustrative purposes only and is not intended to be used for individual investment or financial planning and does not constitute personal

More information

A guide to releasing tax-free cash from your home. Age. Partnership. R e t i r e m e n t S p e c i a l i s t s

A guide to releasing tax-free cash from your home. Age. Partnership. R e t i r e m e n t S p e c i a l i s t s A guide to releasing tax-free cash from your home With equity release you can release tax-free money from your home with no monthly repayments to make. Thank you for your enquiry Thank you very much for

More information

RELEASING CASH FROM YOUR HOME

RELEASING CASH FROM YOUR HOME RELEASING CASH FROM YOUR HOME As a recommended adviser for the Society of Later Life Advisers (SOLLA) we are frequently asked to advise on home income/equity release plans. These notes are designed to

More information

Retirement Policy & Research Centre Symposium Spending the Savings: Decumulation & Middle-income Retirement 30 Nov 2012

Retirement Policy & Research Centre Symposium Spending the Savings: Decumulation & Middle-income Retirement 30 Nov 2012 Retirement Policy & Research Centre Symposium Spending the Savings: Decumulation & Middle-income Retirement 30 Nov 2012 The Future of Home Equity Release Products The Role of Property as a Decumulation

More information

For a free consultation call freephone. or visit www.responsible.org.uk

For a free consultation call freephone. or visit www.responsible.org.uk Responsible Guide To Equity Release How to release equity (and release it intelligently) Around 2m people over the age of 50 will rely on their property, not a pension, to pay for their retirement - Beck

More information

All you need to know about equity release

All you need to know about equity release All you need to know about equity release The Age UK Equity Release Advice Service is provided by Just Retirement Solutions Limited. Registered office: Vale House, Roebuck Close, Bancroft Road, Reigate,

More information

Guide to Equity Release

Guide to Equity Release Guide to Equity Release in association with One of the Yours guides designed to The Guide to Equity Release in association with 1 help you make the most of your life Contents Why equity release? 4 Getting

More information

Equity Release. A Guide to Equity Release

Equity Release. A Guide to Equity Release Equity Release A Guide to Equity Release Why NHFA Equity Release Service? At NHFA we will always give you an honest assessment of the financial products available, talk you through all the small print

More information

CompareEquityRelease.com. Your Guide To Equity Release

CompareEquityRelease.com. Your Guide To Equity Release CompareEquityRelease.com Your Guide To Equity Release C ontents About this guide 3 Let s talk money 4 The options 5 What is equity release? 13 How does equity release work? 14 Which type of scheme is best?

More information

IT S MORTGAGE REVERSE A SIGN OF THE TIMES

IT S MORTGAGE REVERSE A SIGN OF THE TIMES IT S A SIGN OF THE TIMES REVERSE MORTGAGE UNLOCK THE EQUITY IN YOUR HOME If you want the financial freedom to spend your retirement how you choose, with independence and dignity, you should talk to us.

More information

Your Home s Equity Can Give Retirement Life a Boost. 2013 Wilmington Savings Fund Society, FSB Member FDIC All Rights Reserved 015 1-13

Your Home s Equity Can Give Retirement Life a Boost. 2013 Wilmington Savings Fund Society, FSB Member FDIC All Rights Reserved 015 1-13 R E V E R S E M O R T G A G E S O L U T I O N S Your Home s Equity Can Give Retirement Life a Boost 2013 Wilmington Savings Fund Society, FSB Member FDIC All Rights Reserved 015 1-13 From your first savings

More information

IT S LIFETIME LOAN A SIGN OF THE TIMES AUSTRALIAN SENIORS FINANCE. The Home Equity Release Specialist

IT S LIFETIME LOAN A SIGN OF THE TIMES AUSTRALIAN SENIORS FINANCE. The Home Equity Release Specialist IT S A SIGN OF THE TIMES LIFETIME LOAN AUSTRALIAN SENIORS FINANCE The Home Equity Release Specialist UNLOCK THE IN YOUR EQUITY HOME If you want the financial freedom to spend your retirement how you choose,

More information

Operations & Technology

Operations & Technology Operations & Technology Using Reverse Mortgages to Fund Longevity Michael Banner National Education Director Security One Lending American C.E. Institute 1 Who Is Eligible? Clients over age 62 Principal

More information

Nationwide Mortgage Licensing System #222955

Nationwide Mortgage Licensing System #222955 Nationwide Mortgage Licensing System #222955 Senior Concerns Is your mortgage paid off? Is your Social Security and/or pension sufficient? Rising costs of living: gas, health care, food, utilities, medications,

More information

Guide to Equity Release

Guide to Equity Release Guide to Equity Release Find out how you could unlock cash from your home in association with One of the Yours guides designed to The Guide to Equity Release in association with 1 help you make the most

More information

personal financial planning interview questionnaire

personal financial planning interview questionnaire name: name: Financial advisor s name: Tony Novak, Freedom Benefits, 800-609-0683 Date of interview: Documents reviewed: Tax returns Liability insurance policies Medical insurance policies Life insurance

More information

POSITIVE SOLUTIONS PERSONAL MANUAL FACTIND

POSITIVE SOLUTIONS PERSONAL MANUAL FACTIND POSITIVE SOLUTIONS PERSONAL MANUAL FACTIND PERSONAL DETAILS Client/s: Adviser: Produced on: Initial Disclosure Pack: Y/N Date ID Pack Provided: Home Visit: Y/N Date of Home Visit: Financial Services Act

More information

Your essential guide to equity release. from the UK s No. 1 specialist

Your essential guide to equity release. from the UK s No. 1 specialist Your essential guide to equity release from the UK s No. 1 specialist What is equity release? 03 03 04 05 06 07 08 09 10 15 Contents What is equity release? How could equity release help you? Why choose

More information

Help to Buy Buyers Guide

Help to Buy Buyers Guide Help to Buy Buyers Guide Homes and Communities Agency http://www.homesandcommunities.co.uk/helptobuy Page 1 of 27 Key information Buyers using this scheme must provide security in the form of a second

More information

IT S MORTGAGE REVERSE A SIGN OF THE TIMES

IT S MORTGAGE REVERSE A SIGN OF THE TIMES IT S A SIGN OF THE TIMES REVERSE MORTGAGE UNLOCK THE EQUITY IN YOUR HOME If you want the financial freedom to spend your retirement how you choose, with independence and dignity, you should talk to us.

More information

Release your equity tied up in your home Equity Release

Release your equity tied up in your home Equity Release Golden Age Equity brochure 14/8/07 14:58 Page 1 Because it,s your life Totally independent professional advice: Release your equity tied up in your home Equity Release Retirement planning Financial planning

More information

Key Features of the Just Retirement. Key Features of the Just Retirement Fixed Term Annuity

Key Features of the Just Retirement. Key Features of the Just Retirement Fixed Term Annuity Key Features of the Just Retirement Fixed Term Annuity This brochure outlines the key features of the Just Retirement Fixed Term Annuity. The Financial Conduct Authority is a financial services regulator.

More information

RELEASING CASH FROM YOUR HOME

RELEASING CASH FROM YOUR HOME RELEASING CASH FROM YOUR HOME As a recommended SOLLA adviser we are frequently asked to advise on home income/equity release plans. These notes are designed to provide some general background to clients

More information

Reverse Mortgage. Work With a Local Expert

Reverse Mortgage. Work With a Local Expert Reverse Mortgage Work With a Local Expert I offer a variety of reverse mortgages (HECM FHA, Jumbo, Purchase and Fixed Rate) designed to eliminate current mortgage payments and give borrowers easier access

More information

Helping your loved ones. Simple steps to providing for your family and friends

Helping your loved ones. Simple steps to providing for your family and friends Helping your loved ones Simple steps to providing for your family and friends Contents 01 How can I take control of who gets what? 02 Inheritance Tax 04 Do you know how much you re worth? 06 Making lifetime

More information

The Help to Buy Equity Loan Scheme What you need to know before you go ahead

The Help to Buy Equity Loan Scheme What you need to know before you go ahead Page 1 of 6 The Help to Buy Equity Loan Scheme What you need to know before you go ahead What is the Help to Buy Equity Loan scheme? The Help to Buy Equity Loan scheme is a Government backed programme

More information

Government mortgage rescue scheme What will it mean for me and my family?

Government mortgage rescue scheme What will it mean for me and my family? Government mortgage rescue scheme What will it mean for me and my family? What is mortgage rescue? Mortgage rescue is help that the Government is offering if: you are struggling to keep up with your mortgage

More information

25 Must Ask Annuity Questions

25 Must Ask Annuity Questions 25 Must Ask Annuity Questions When Can I Buy An Annuity? Who Is The Best Annuity Provider? Why Do I Need Advice? 1. What is an Annuity? If you have a private pension when you retire you can purchase an

More information

PRIVATE WEALTH. Client Questionnaire and Risk Profile

PRIVATE WEALTH. Client Questionnaire and Risk Profile PRIVATE WEALTH Questionnaire and Risk Profile Important Notice to The Australian Corporations Act (2001) requires that an Adviser making personal advice recommendations must have reasonable grounds for

More information

Pathways Shared Equity Loan

Pathways Shared Equity Loan Department of Housing and Public Works Pathways Shared Equity Loan Become a home owner by purchasing a share of the property you are renting Questions and Answers Booklet Great state. Great opportunity.

More information

Mortgage advice you can depend on

Mortgage advice you can depend on Our Mortgage advice you can depend on Whether buying your first home, buying to let, or remortgaging, this guide tackles the main considerations. If you want to learn more and receive advice tailored to

More information

With new options available from April 2015, we can help you plan your finances for a worry-free retirement

With new options available from April 2015, we can help you plan your finances for a worry-free retirement Your retirement With new options available from April 2015, we can help you plan your finances for a worry-free retirement Life is full of financial decisions and planning your retirement is one of the

More information

Are you or your parents thinking about taking out an Equity Release product?

Are you or your parents thinking about taking out an Equity Release product? Equity Release Are you or your parents thinking about taking out an Equity Release product? Why take out an equity release plan? So what is an Equity Release plan? Who can take out an Equity Release Scheme?

More information

Equity release using your home to get a cash sum

Equity release using your home to get a cash sum Equity release using your home to get a cash sum for independent information About us We are an independent watchdog set up by the Government to: regulate firms that provide financial services; and help

More information

Just the FAQs: Answers to Common Questions About Reverse Mortgages. From the National Reverse Mortgage Lenders Association

Just the FAQs: Answers to Common Questions About Reverse Mortgages. From the National Reverse Mortgage Lenders Association Just the FAQs: Answers to Common Questions About Reverse Mortgages From the National Reverse Mortgage Lenders Association THE NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION The National Reverse Mortgage

More information

Mortgage Term Glossary

Mortgage Term Glossary Mortgage Term Glossary Advance - The mortgage Loan. Adverse Credit - This is the term used if the borrower has suffered a poor credit history. This could include previous mortgage or loan arrears, CCJ's

More information

What we do. A guide to our services

What we do. A guide to our services What we do A guide to our services Retirement solutions since 1965 Hodge Lifetime has been a specialist in the retirement market for 50 years. Hodge Lifetime has been a specialist in the retirement market

More information

Guide to Buying Your House

Guide to Buying Your House Guide to Buying Your House Choosing a mortgage is one of the biggest financial decisions you're likely to make. Each lender has its own set of rules and guidelines. These vary for products and your individual

More information

Access to Finance Guide: 1. Bank Finance Options

Access to Finance Guide: 1. Bank Finance Options Access to Finance Guide: 1. Bank Finance Options Overdrafts An overdraft is a flexible way for you to manage short-term borrowing requirements. Business overdrafts are traditionally easy to arrange and

More information

Guide to Equity Release

Guide to Equity Release Guide to Equity Release By Mel Wright Telegraph money Command= The right of Mel Wright to be identified as the author of this work has been asserted by her in accordance with the Copyright, Designs and

More information

Talk to us first... Equity Release. Mortgages & Finance. Investments, Pensions & Personal Protection

Talk to us first... Equity Release. Mortgages & Finance. Investments, Pensions & Personal Protection Talk to us first... Mortgages & Finance Equity Release Investments, Pensions & Personal Protection Why talk to? As Independent Financial Advisers we will work closely with you to help plan your finances

More information

7 Facts You Need to Know About Reverse Mortgages...

7 Facts You Need to Know About Reverse Mortgages... SPECIAL REPORT 7 Facts You Need to Know About Reverse Mortgages... By Quinn Berry 7 Facts You Need to Know About Reverse Mortgages... to help you enjoy a comfortable, worry-free retirement! Chances are

More information

Residential mortgages general information

Residential mortgages general information Residential mortgages general information Residential mortgages general information 2 Contents Who we are and what we do 2 Forms of security 2 Representative Example 2 Indication of possible further costs

More information

Equity release is one of the easiest ways to access capital without having to move out of your home.

Equity release is one of the easiest ways to access capital without having to move out of your home. 1 Equity Release Equity release is a way of taking cash from your home without having to move out of your property or sell it. If you are a homeowner and aged 55 or over, you could release a tax-free lump

More information

The Mortgage Guide. Helping you find the right mortgage for you. Brought to you by. V0050713a

The Mortgage Guide. Helping you find the right mortgage for you. Brought to you by. V0050713a The Mortgage Guide Helping you find the right mortgage for you Brought to you by Hello. Contents We re the Which? Mortgage Advisers team. Buying a house is the biggest financial commitment most of us ever

More information

Planning for Care Costs. The Options in Scotland

Planning for Care Costs. The Options in Scotland Planning for Care Costs The Options in Scotland For more information or to speak to one of our trained advisers please telephone our team on 0800 152 2037 Solicitors For Older People Scotland 1/7/2012

More information

Mortgage Advisers. The Mortgage Guide Helping you find the right mortgage for you

Mortgage Advisers. The Mortgage Guide Helping you find the right mortgage for you Mortgage Advisers The Mortgage Guide Helping you find the right mortgage for you Hello. We re the Which? Mortgage Advisers team. Buying a house is the biggest financial commitment most of us ever make.

More information

MORTGAGES4REAL LIMITED

MORTGAGES4REAL LIMITED WELCOME TO MIKE ROGERSON.CO.UK ESTATE AGENTS SURVEYORS LETTINGS MANGEMENT MIKE ROGERSON MORTGAGES4REAL LIMITED We know that taking out a mortgage will probably be the biggest financial commitment you can

More information

Is A Reverse Mortgage Right for You?

Is A Reverse Mortgage Right for You? Is A Reverse Mortgage Right for You? NewRetirement s Guide to Reverse Mortgages www.newretirement.com (877) 394-1305 Table of Contents What is a Reverse Mortgage? Are You Eligible For a Reverse Mortgage?

More information

Frequently Asked Questions

Frequently Asked Questions Frequently Asked Questions 1. What is a reverse mortgage? 2. How does a reverse mortgage differ from a home equity loan? 3. What are the advantages of a reverse mortgage? 4. How much money can I get? 5.

More information

Truly Bespoke, Truly Independent

Truly Bespoke, Truly Independent Financial Planning Group Truly Bespoke, Truly Independent Cottons Financial Planning Group Ltd is a specialist business; providing financial services and advice to both individuals and companies all over

More information

Key Features. Pension Annuity. This brochure outlines the key features of the Just Retirement Pension Annuity. Contents

Key Features. Pension Annuity. This brochure outlines the key features of the Just Retirement Pension Annuity. Contents Pension Annuity Key Features This brochure outlines the key features of the Just Retirement Pension Annuity. The Financial Conduct Authority is a financial services regulator. It requires us, Just Retirement,

More information

Financial Plan (As At April 2015 ) This review has been prepared for Mr & Mrs Client

Financial Plan (As At April 2015 ) This review has been prepared for Mr & Mrs Client (As At April 2015 ) This review has been prepared for Mr & Mrs Client By Myers Davison Ginger Limited On 14 April 2015 Table of Contents INTRODUCTION: FINANCIAL PLANNING... 3 FINANCIAL OBJECTIVES... 3

More information