Release the cash in your home with alifetime mortgage
Are you aged 55 and over?
For an alternative way to fund your retirement – including paying off your mortgage, improving your home and garden, help family, or simply increasing your disposable income – an equity release mortgage could help.
All it takes is an initial 30 minute call – we’ll handle the rest
Why would you get an equity release mortgage?
As people get older and retire, many of them find themselves surprised with how much they have to stretch, financially. Homeowners without financial resources can find this especially difficult, whether they have big plans on the horizon – or bigger expenses crop up.
If this sounds like you, don’t worry. We can help.
With My Mortgage Finder, we provide tailored support and advice for those wanting to release money from their homes. This equity can be used in a variety of ways, such as:
- Pay off an existing mortgage
- Provide dependable, future income
- Make home and garden improvements
- Clear outstanding debts
- Gift money to family (eg: for an early inheritance or deposit)
- Go on unforgettable trips and holidays
- Fund a one-off purchase
Whatever you need it for, our team is dedicated to helping you get an excellent deal for your home’s equity.
What you need to know about Equity Release mortgages
Life can be unpredictable. So whether you want to make home improvements, want to fuel your retirement, or simply access a little extra for whatever the future might bring, an equity release mortgage can help.
Releasing money from your home with My Mortgage Finder is simple and straightforward. We’re regulated by the FCA as well as being members of the equity release council, so you know you’re in safe hands.
In a nutshell, an equity release mortgage is initially based on two key factors:
- Your age
- How much your house is worth
As such, an equity release mortgage can be a useful way for homeowners aged over 55 to access the value locked into their homes.
That means our clients can enjoy their retirement without having financial worries, and for ultimate freedom and peace of mind.
The expert team at My Mortgage Finder are here to make the process as seamless as possible, as well offering bespoke advice on the best equity release plan that works for you and your goals.
During your initial 30-minute call with one of your mortgage experts, we’ll gather all the information we need after you’ve made an informed decision. Then we’ll handle the rest!
At My Mortgage Finder, we’re with you every step of the way.
Learn more
This is a frequently asked question when it comes to accessing some extra cash – both have their benefits, but which one is better will depend on your personal circumstances.
Remortgaging is a good way to save money with your mortgage, one of the key differences is that remortgaging comes with monthly payments, and instead of you getting money out of it, you can get a better rate or lower payments.
Releasing equity doesn’t have many monthly payments as it is essentially getting the money that you spent on your home back. It is a good choice if you want a lump sum of money or gradual payments if you’ve already paid your mortgage or are over the age of 55.
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No, an equity release mortgage isn’t taxable. It won’t affect your income tax even if you’re using your equity release money towards your income – it is considered tax-free cash.
An equity release mortgage also isn’t affected by capital gains tax, which is a tax associated with when you sell assets and make a capital gain above the annual capital gains tax threshold.
You are not liable for this tax for the same reason that you won’t have to pay income tax – equity release is considered a loan, rather than supplementary income, so you’re exempt
Learn more
What you need to know about Equity Release mortgages
Life can be unpredictable. So whether you want to make home improvements, want to fuel your retirement, or simply access a little extra for whatever the future might bring, an equity release mortgage can help.
Releasing money from your home with My Mortgage Finder is simple and straightforward. We’re regulated by the FCA as well as being members of the equity release council, so you know you’re in safe hands.
In a nutshell, an equity release mortgage is initially based on two key factors:
- Your age
- How much your house is worth
As such, an equity release mortgage can be a useful way for homeowners aged over 55 to access the value locked into their homes.
That means our clients can enjoy their retirement without having financial worries, and for ultimate freedom and peace of mind.
The expert team at My Mortgage Finder are here to make the process as seamless as possible, as well offering bespoke advice on the best equity release plan that works for you and your goals.
During your initial 30-minute call with one of your mortgage experts, we’ll gather all the information we need after you’ve made an informed decision. Then we’ll handle the rest!
At My Mortgage Finder, we’re with you every step of the way.
Learn more
This is a frequently asked question when it comes to accessing some extra cash – both have their benefits, but which one is better will depend on your personal circumstances.
Remortgaging is a good way to save money with your mortgage, one of the key differences is that remortgaging comes with monthly payments, and instead of you getting money out of it, you can get a better rate or lower payments.
Releasing equity doesn’t have many monthly payments as it is essentially getting the money that you spent on your home back. It is a good choice if you want a lump sum of money or gradual payments if you’ve already paid your mortgage or are over the age of 55.
Learn more
No, an equity release mortgage isn’t taxable. It won’t affect your income tax even if you’re using your equity release money towards your income – it is considered tax-free cash.
An equity release mortgage also isn’t affected by capital gains tax, which is a tax associated with when you sell assets and make a capital gain above the annual capital gains tax threshold.
You are not liable for this tax for the same reason that you won’t have to pay income tax – equity release is considered a loan, rather than supplementary income, so you’re exempt
Learn more
A little more about us
Here at My Mortgage Finder, we want to demystify the process around getting an equity release mortgage – and debunk a few myths, while we’re at it.
That’s why we offer telephone and face-to face-appointments – with the option of hosting them at your home or in our office – to make sure you get the very best service.
Our experts are here to do one thing: help.
It’s not reinventing the wheel, but we pride ourselves on open, honest and straightforward discussions that put you and your needs first.
That means giving you the time and space to ask questions, stay informed and structure a bespoke solution – with none of the jargon.
Why?
So you can make crystal clear decisions with confidence.
Learn more
We have contacts across the industry that our clients can depend on, such as recommended solicitors to help with wills or any other financial advice that you might need.
Whether you’re unsure about equity release mortgage or simply want more information, don’t hesitate to get in touch. Rather than just working with lenders, our mortgage advisers are here to help you get the most out of your mortgage.
Our mortgage advisers are focused on offering you straightforward and dependable guidance when – and where – it counts.
Learn more
Our experts are here to do one thing: help.
It’s not reinventing the wheel, but we pride ourselves on open, honest and straightforward discussions that put you and your needs first.
That means giving you the time and space to ask questions, stay informed and structure a bespoke solution – with none of the jargon.
Why?
So you can make crystal clear decisions with confidence.
Learn more
We have contacts across the industry that our clients can depend on, such as recommended solicitors to help with wills or any other financial advice that you might need.
Whether you’re unsure about equity release mortgage or simply want more information, don’t hesitate to get in touch. Rather than just working with lenders, our mortgage advisers are here to help you get the most out of your mortgage.
Our mortgage advisers are focused on offering you straightforward and dependable guidance when – and where – it counts.
Learn more
Heard some of these common myths about equity release?
Equity release can be confusing at the best of times – and with the rise in its use doubling over the past six years, so has the amount of rumours – or just plain wrong – truths about it.
his is a complete fib – as you won’t need to make any monthly re-payments if you don’t want to.
This is because the loan capital from your equity release and the interest are usually repaid only after the borrower passes away or moves to a long-term residential care home and the property in question is sold.
However, you might decide to make payments during your lifetime to counter the effects of compound interest or to reduce the loan.
In the event that you have taken out a new lifetime mortgage that benefits from the ERC’s latest product standard, you will not be charged an Early Repayment Charge if you want to pay your interest or pay off part of your principal debt.
Don’t worry – your home will still belong to you, even if you decide to take out an equity release lifetime mortgage.
That’s because one of the key benefits of opting for a lifetime mortgage is that 100% of your home’s ownership is retained.
So whatever happens, you’ll maintain the right to live in your home until you pass away or move into long term care.
This is one of the main myths – and we’re more than happy to debunk it.
Yes, you will be able to leave your loved ones an inheritance if you decide to take out lifetime mortgage. Just make sure your advisor is aware of your plans.
This is because lifetime mortgage loans now offer inheritance protection, which is a feature that allows you to set aside a percentage of your property’s value to be passed on to named beneficiaries.
But that’s not all.
Lifetime mortgages can also be used to pass on a ‘living inheritance’.
This means you can release equity from your home now and give it to your loved ones now, so you can help with deposits, university fees or even making special memories while you’re still here.
Equity Release mortgage application: Your checklist of required documents
When applying for an equity release mortgage, the only things we will ask for is a certified photographic ID, such as a passport or driving licence, to verify your identity and something to verify where you live suich as a recent council tax bill, or a recent bank statement.
Find the best Equity Release mortgage deal with My Mortgage Finder
My Mortgage Finder will be with you every step of the way, from the moment you place that initial call all the way to completion. We offer admin support chasing up valuations and even solicitors on your behalf.
Our professional advice isn’t the only thing that makes us the go-to partner when it comes to getting the best equity release mortgage deals. We have contacts across the industry – we can recommend solicitors, help with wills and any other financial advice that you may need.
If you’re unsure if an equity release is for you or simply want more information, do get in touch. Our mortgage advisers don’t just work with lenders, but for you, and will offer you clear, jargon-free guidance to ensure you’re getting the most out of your mortgage.
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