Chestnut Financial Services Limited

10 Newark Road, Bassingham, LN5 9HA

Call Us: 01522 788887

Email Us: ian@chestnutfs.co.uk

Chestnut Financial Services Limited

10 Newark Road, Bassingham, LN5 9HA

Call Us: 01522 788887

Email Us: ian@chestnutfs.co.uk

Chestnut

Financial Services Limited

10 Newark Road,

Bassingham,

LN5 9HA

Call Us: 01522 788887

Email Us: ian@chestnutfs.co.uk

Our Equity Release Service

A Warm Welcome

Raising money in later years, for whatever purpose, can be fraught with frustration and rejection, leading to intense unhappiness. Our role is to meet you, understand what you would like to achieve, and try to help find you a solution, if equity release is right for you.

As an independent financial adviser, my range of clients has included many equity release and older borrowers.

We want to make sure you get the right deal for you - and that takes great quality independent financial advice. We search the whole of the equity release & mortgage market, matching what they have to your situation, to find the best solutions, and help you with the paperwork where that's appropriate.

Whether you have been frustrated by the banks or companies, or just want the reassurance somebody is on your side working hard to get a solution for your unique situation, why not give us a call and see if we can give the right equity release advice for you!

What Is Equity Release?

Equity release gives you access to some of the cash that's tied up in your home, without the stress of moving. You can release a tax-free lump sum or you could opt for a plan which will allow you to release funds in stages after an initial lump sum.

You can spend the money raised from equity release however you wish. This money could boost your retirement finances - whether that means home improvements, pay for those one-off expenses such as buying a car or caravan, the holiday of a lifetime, or help for your family and friends.

Lifetime mortgages are increasingly offering homeowners a common sense, tax-­efficient way to:

* Improve day-to-day income to keep enjoying a fitter, healthier more active lifestyle

* Pay off mortgages, loans, credit cards etc

* Make home or garden improvements

* Help loved ones via a living inheritance, contribute to education costs or a leg up onto the property ladder

* Stay at home for longer or pay for care at home

* Secure the ownership of property following a divorce

* Move to a more expensive property in retirement ("upselling")

* Buying a holiday, car or other key pieces of expenditure

Equity release products allow older homeowners to take cash out of the value of their homes. In all cases, they retain the right to continue living there for the rest of their lives. They also do not have to make any payments to a plan during their lifetime.

Equity release plans are designed for those over the minimum age of 55. The amount you can release depends broadly on two things: the age of the youngest applicant and the property value.

Many of those reaching pension age face the prospect of receiving lower than expected income from pension plans. We also have a state benefit system struggling to provide for those who need extra help to manage financially in retirement.

Others who retire may have something of an aspirational lifestyle, having been able to afford the nice things in life whilst they were working. This includes such things as foreign holidays, a new car every few years, and other luxury goods. There is still a natural desire to live comfortably, but often the savings and pension lump sums on retirement will only last for a few years.

Retirees also have a great deal of money tied up in properties. Whilst it is nice to think that some of this can be left to family and beneficiaries when they die, for many people the value of their home could be used to unlock money (hence the term equity release), which could provide a better retirement.

The Equity Release Council

Whatever your needs, there's no better place to start than by getting independent financial advice. Ian is a member of the Equity Release Council so you can be sure of great advice and service as part of his high standard of advice.

The Equity Release Council represents the equity release sector and exists to promote high standards of conduct and practice for those that advise on equity release - with consumer safeguards at its heart.

These standards and safeguards have given financial advisers, and their customers, confidence in equity release the products, dispelling myths about equity release, and educating the public about the potential to access the wealth in their home for a variety of uses.

We Can Help!

A professional equity release adviser can help identify what might be the most suitable deal available to you, because finding the most appropriate type of equity release plan and the most competitive deals, from the wide range to choose from, can be tricky. Certainly at Chestnut, we have a wealth of experience in giving our clients advice on equity release.

Before you think about equity release, you should also consider your other options, such as moving to a smaller property or one of a lower value will give you the maximum value from your home. You may also have other savings and assets that could help fund your retirement.

Trying to understand what the full range of deals are, never mind spending hours talking about and applying for different deals with different providers, is massively frustrating. So our role is to advise on potential solutions that are right for your unique needs, and if you want us to help you with the paperwork, and negotiation with providers, then we are delighted too!

We visit you, at your convenience, to talk through the types and options you have, because doing equity release may not be your best option. Equity release used to have a deservedly poor reputation. Now there’s lots to be reassured about:

* the industry is regulated by the Financial Conduct Authority (FCA),

* we only advise on equity release providers who are members of the Equity Release Council,

* you will use a solicitor of your choice to make the legal arrangements,

* information is always given to enable you to make a full and freely informed choice,

* all plans are backed by a ‘no negative equity’ guarantee

- so you will never owe more than the property is worth, and

* you will have the right to occupy their property for the rest of your life if you choose to do so.

Chestnut Bullet Point

Examples of Using Equity Release

Wanting to Extend and Refurbish Your Home for the Future?

Cathy recently asked for our advice to help her pay off her mortgage, extend her kitchen, install a wet-room, and have a new garage built.

By looking carefully at Cathy’s circumstances, we were able to advise on the right deal, raising just enough money to cover the works but not using money unnecessarily. Our expertise to approach a number of potential lenders enabled a fantastic solution to be recommended, despite Cathy being classified as living near commercial premises by the first equity release provider.

Want to Pay Off Debts, Loans, or a Mortgage?

Facing debts is very difficult when approaching our elderly years. David approached us to help advise on his second equity release, to pay off some additional loans that had been taken out over the last few years. We were able to reassess David’s situation and give the best advice.

Chestnut Bullet Point

Equity release could reduce your eligibility to means-tested benefits and could affect your tax position.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Photo of Emma Francis, Office Manager, for Chestnut Financial Services Limited

Please Get In Touch

We always look forward to speaking with our clients.

You can telephone our office on 01522 788887.

Or you can email us - our address is ian@chestnutfs.co.uk

Logos for Chestnut Financial Services

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.

Chestnut Financial Services Limited. Registered in England no 9918363. Registered office: 10 Newark Road, Bassingham, LN5 9HA. Authorised and regulated by the Financial Conduct Authority No. 840940