This client had been on an interest-only mortgage which was due to expire within 3 months, and due to his age, a re-mortgage was unobtainable.
As a result of this, the client was close to selling his property and buying a much smaller property in order to repay the mortgage. Instead, we recommended equity release, which allowed him to pay off his mortgage and have some money left over to help with his retirement. Best of all, he was able to stay in the family home.
The best way we can help you is to have a quick conversation to understand your situation and recommend appropriate products. Contact us today for a no-obligation discussion.
Your home may be repossessed if you do not keep up repayments on your mortgage. Equity Release may affect the size of your estate and could affect your entitlement to current and future means-tested benefits. To understand the features and risks on an Equity Release product, ask for a personalised illustration.
If you wish to register a complaint, please contact Ian Scott, Scott & Goose, Brickfield House, Thornwood, Epping, CM16 6TH, tel 01992 563644.
A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 023 4 567.
