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Equity Release Mortgages

Equity release mortgages provide a way for homeowners to convert the value of their homes into a cash, which could be paid as a lump sum or at intervals as required. Alternatively, it can provide a regular income.

The capital tied up in your home can be used for any purpose.

There are two main types of equity release scheme, lifetime mortgage and home reversion.

Lifetime mortgages mean you take a loan on your home and the interest "rolls up" and the debt is taken from the property value on your death.

If you take income and/or a phased cash withdrawal, less interest will accrue than if you take a lump sum at the outset. Any increase in the property value that occurs in your lifetime belongs to you and not the scheme provider as the property is still owned by you.

A home reversion scheme means you sell your home in whole or in part. Again you can take an income or receive a cash lump sum. The scheme provider owns your home and you have a lifetime tenancy, which is usually rent free or involves a nominal annual rent. On your death the property is sold and the proceeds paid to the reversion company and any unsold portion going to your heirs.

These schemes are complicated and you should certainly take impartial independent financial advise before proceeding.

To understand the features and risks of a lifetime mortgage ask for a personalised illustration.

A typical fee for mortgage advice is £295.

0151 339 4757 and ask for John Parry.

 

BMS Financial, Independent Financial Advisers, 11 Juniper Drive, Great Sutton, Cheshire, England, CH66 2YW tel: 0151 339 4757 - fax: 0870 7622064 Registered in England No 5800802 

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BMS Financial Ltd are independent financial advisers based in Great Sutton, Cheshire provide independent financial advise in Tarporley, Cheshire, Northwest, UK and all surrounding areas Alderley Edge, Alsager, Bollington, Chester, Congleton, Cranage, Crewe, Culcheth, Daresbury, Ellesmere Port, Faddiley, Frodsham, Grappenhall, Hale, Handforth, Haslington, Holmes Chapel, Kingsley, Knutsford, Lower Whitley, Lymm, Macclesfield, Malpas, Middlewich, Nantwich, Neston, Northwich, Penketh, Poynton, Prestbury, Runcorn, Sale, Sandbach, Stockton Heath, Tarporley, Warrington, Widnes, Wilmslow, Wincham, Winsford, Wistaston, Acton Bridge, Agden Brow, Allostock, Alvanley Anderton, Antrobus, Arley, Aston by Budworth, Barnton, Billinge Green, Bostock, Bucklow Hill, BUPA (Stretton), Castle, Comberbach, Crowley, Crowton, Cuddington, Davenham, Delamere, Delamere Park, Goostrey, Gorstage, Great Budworth, Greenbank, Hartford, Hatchmere, High Legh, Holmes Chapel, Kelsall, Kingsley, Kingsmead, Knutsford, Lach Dennis, Leftwich, Leighton Hospital, Little Bollington, Little Budworth, Little Leigh, Lostock Gralam, Lostock Green, Lower Peover, Lymm, Marston, Marton, Mere, Middlewich, Millington, Mobberley, Moulton, Norley, Northwich, Oakmere, Oughtrington, Over Peover, Pickmere, Plumley, Rudheath, Sandiway, Shurlach, Stanthorne, Tabley, Utkinton, Weaverham, Whitegate, Whitley, Willington, Wincham, Winnington, Winsford, Acton , Adlington, Alderley Edge , Alderley Park , Aldersey , Aldford , Allgreave , Alsager , Alvanley, Anderton, Ashley, Ashton, Astbury, Audlem, Backford, Baddiley, Barthomley, Beeston, Bickley , Bickley Moss , Bollington, Bosley, Brereton Green , Broxton , Bunbury , Burton , Calveley , Capenhurst , Checkley , Chelford, Chester , Cholmondeley , Christleton , Church Coppenhall , Church Minshull , Clotton, Coddington, Congleton, Cote Brook , Crewe, Cuddington , Daresbury , Davenham , Delamere, Disley, Doddington, Dodleston , Duddon , Dunham-on-the-Hill , Eaton, Eccleston , Ellesmere Port , Elton , Farndon , Farnworth , Frodsham, Gawsworth, Goostrey, Great Barrow , Great Budworth , Great Sutton , Hale, Hale Bank, Halton, Handforth , Hankelow, Hargrave , Hartford, Harthill, Helsby , High Legh , Holmes Chapel ,Hough Green, Huxley, Ince, Jodrell Bank , Kelsall, Kingsley, Knutsford, Langley, Ledsham, Little Budworth , Little Sutton, Lostock Gralam, Lymm, Macclesfield, Malpas, Marbury, Marston , Marthall , Mere , Mickle Trafford, Middlewich, Mobberley , Mollington, Moore , Mouldsworth, Mow Cop , Nantwich, Neston, Nether Alderley, North Rode, Northwich, Over , Parkgate , Peover , Plumley, Pott Shrigley , Poynton , Prestbury , Preston Brook, Pulford, Radway Green , Rainow, Rode Heath, Rostherne, Runcorn, Saighton , Sandbach , Saughall, Shocklach , Shotwick , Siddington, Somerford, Spurstow, Stamford Bridge, Stanlow , Stoke , Strines, Swettenham, Tabley , Tarporley , Tarvin , Tattenhall, Tatton, Thornton le Moors , Threapwood, Tilston, Tiverton, Upton, Wallerscote, Warrington,Warmingham, Warren, Waverton, Weaverham, Wervin, Weston, Weston , Weston Point, Wharton, Wheelock , Whitegate, Widnes, Willaston, Willaston, Wilmslow, Winnington, Winsford , Wistaston, Woodford , Worleston, Wrenbury , Wrinehill, Wybunbury

 

 

BMS Financial Ltd are independent financial advisers based in Cheshire also provide independent financial advise in the following areas in the UK

ENGLAND
Bedfordshire (Bedford, Luton, Dunstable, Leighton Buzzard, Biggleswade, Sandy)
Berkshire (Reading, Bracknell, Maidenhead, Newbury, Windsor, Wokingham, Abingdon)
Buckinghamshire (Aylesbury, Milton Keynes, Slough, Buckingham, High Wycombe)
Cambridgeshire (Cambridge, Wisbech, Ely, March, Whittlesey, Chatteris, Linton)
Cheshire (Knustford, Northwich, Chester, Stockport, Birkenhead, Wallasey, Runcorn, Macclesfield, Crewe)
Cornwall (Bodmin, Truro, Camborne, Redruth, St. Austell, Falmouth, Penzance, Newquay)
Cumberland (Carlisle, Whitehaven, Workington, Penrith, Keswick, Brampton)
Derbyshire (Derby, Chesterfield, Ilkeston, Swadlincote, Buxton, Matlock, Ashbourne)
Devon (Exeter, Plymouth, Torquay, Paignton, Barnstaple, Tiverton, Newton Abbot, Tavistock)
Dorset (Dorchester, Poole, Weymouth, Sherborne, Wimborne Minster, Shaftesbury)
Durham (Durham, Sunderland, Stockton-on-Tees, Darlington, Hartlepool, Gateshead, Washington)
Essex (Chelmsford, Basildon, Romford, Southend, Colcheter, Harlow, Brentwood, West Ham)
Gloucestershire (Gloucester, Bristol, Cheltenham, Stroud, Cirencester, Tewkesbury)
Hampshire (Winchester, Southampton, Portsmouth, Bournemouth, Basingstoke, Newport)
Herefordshire (Hereford, Ross-on-Wye, Leominster, Ledbury, Bromyard, Kington)
Hertfordshire (Hertford, Watford, St. Albans, Hemel Hempstead, Stevenage, Hatfield)
Huntingdonshire (Huntingdon, St. Ives, St. Neots, Ramsey, Yaxley)
Kent (Maidstone, Canterbury, Bromley, Rochester, Margate, Folkestone, Dover, Greenwich)
Lancashire (Lancaster, Liverpool, Manchester, Preston, Bolton, Warrington, Barrow-in-Furness)
Leicestershire (Leicester, Loughborough, Hinckley, Melton Mowbray, Coalville, Lutterworth)
Lincolnshire (Lincoln, Grimsby, Scunthorpe, Boston, Grantham, Stamford, Skegness, Louth)
Middlesex (City of London, Harrow, Enfield, Staines, Ealing, Potters Bar, Westminster )
Norfolk (Norwich, Great Yarmouth, King's Lynn, Dereham, Cromer, Hunstanton)
Northamptonshire (Northampton, Peterborough, Corby, Kettering, Wellingborough)
Northumberland (Alnwick, Newcastle-upon-Tyne, Morpeth, Hexham, Berwick-upon-Tweed)
Nottinghamshire (Nottingham, Mansfield, Worksop, Newark, Retford, Southwell)
Oxfordshire (Oxford, Banbury, Witney, Bicester, Henley-on-Thames, Carterton, Thame)
Rutland (Oakham, Uppingham. Cottesmore)
Shropshire (Shrewsbury, Telford, Oswestry, Bridgnorth, Whitchurch, Market Drayton, Ludlow)
Somerset (Taunton, Bath, Weston-super-Mare, Yeovil, Bridgwater, Wells, Glastonbury)
Staffordshire (Stafford, Stoke-on-Trent, Wolverhampton, Walsall, Cannock, Lichfield)
Suffolk (Ipswich, Bury St. Edmunds, Lowestoft, Felixstowe, Sudbury, Haverhill, Bungay)
Surrey (Guildford, Croydon, Woking, Sutton, Kingston-on-Thames, Wandsworth, Wimbledon, Brixton)
Sussex (Chichester, Brighton, Worthing, Crawley, Hastings, Eastbourne, Bognor Regis, Horsham)
Warwickshire (Warwick, Birmingham, Coventry, Nuneaton, Rugby, Solihull, Stratford-upon-Avon)
Westmorland (Appleby, Kendal, Windermere, Ambleside, Kirkby Lonsdale)
Wiltshire (Trowbridge, Salisbury, Swindon, Chippenham, Devizes, Marlborough, Warminster)
Worcestershire (Worcester, Dudley, Kidderminster, Stourbridge, Halesowen, Malvern, Evesham)
Yorkshire
North Riding (Northallerton, Middlesbrough, Scarborough, Whitby)
East Riding (Beverley, Hull, Bridlington, Driffield, Hornsea, Filey)
West Riding (Wakefield, Leeds, Sheffield, Bradford, Halifax, Harrogate)
York (within the Walls)

WALES (including Monmouthshire)
Anglesey/Sir Fon (Beaumaris, Holyhead, Llangefni, Amlwch, Menai Bridge)
Brecknockshire/Sir Frycheiniog (Brecon, Builth Wells, Hay-on-Wye, Talgarth, Llanwrtwd Wells)
Caernarfonshire/Sir Gaernarfon (Caernarfon, Bangor, Llandudno, Conwy, Pwllheli, Porthmadog)
Carmarthenshire/Sir Gaerfyrddin (Carmarthen, Llanelli, Ammanford, Llandovery, Kidwelly, St. Clears)
Cardiganshire/Ceredigion (Cardigan, Aberystwyth, Lampeter, New Quay, Tregaron)
Denbighshire/Sir Ddinbych (Denbigh, Wrexham, Ruthin, Abergele, Llangollen)
Flintshire/Sir Fflint (Mold, Flint, Rhyl, Prestatyn, Connah's Quay, Holywell, Buckley, St. Asaph)
Glamorgan/Morgannwg (Cardiff, Swansea, Merthyr Tydfil, Barry, Caerphilly, Bridgend, Neath, Pontypridd)
Merioneth/Meirionnydd (Dolgellau, Bala, Tywyn, Blaenau Ffestiniog, Barmouth, Harlech)
Monmouthshire/Sir Fynwy (Monmouth, Newport, Blackwood, Cwmbran, Abergavenny, Chepstow, Tredegar)
Montgomeryshire/Sir Drefaldwyn (Montgomery, Newtown, Welshpool, Machynlleth, Llanidloes)
Pembrokeshire/Sir Benfro (Pembroke, Milford Haven, Haverfordwest, Fishguard, Tenby, St. David's)
Radnorshire/Sir Faesyfed (Presteigne, Llandrindod Wells, Knighton, Rhayader, New Radnor)

SCOTLAND
Aberdeenshire (Aberdeen, Peterhead, Fraserburgh, Inverurie, Huntley, Ellon, Turriff)
Angus/Forfarshire (Forfar, Dundee, Arbroath, Brechin, Montrose, Carnoustie, Kirriemuir)
Argyllshire (Inveraray, Oban, Dunoon, Campbeltown, Lochgilphead, Tobermory)
Ayrshire (Ayr, Kilmarnock, Irvine, Saltcoats, Kilwinning, Largs, Troon, Cumnock)
Banffshire (Banff, Buckie, Keith, Macduff, Portsoy, Dufftown)
Berwickshire (Greenlaw, Duns, Eyemouth, Lauder, Coldstream)
Buteshire (Rothesay, Millport, Brodick, Lochranza)
Cromartyshire (Cromarty, Ullapool)
Caithness (Wick, Thurso, Halkirk, Castletown)
Clackmannanshire (Clackmannan, Alloa, Tillicoultry, Tullibody)
Dumfriesshire (Dumfries, Annan, Lockerbie, Moffat, Sanquhar, Langholm, Gretna)
Dunbartonshire/Dumbartonshire (Dumbarton, Clydebank, Cumbernauld, Helensburgh, Alexandria, Kirkintilloch)
East Lothian/Haddingtonshire (Haddington, North Berwick, Dunbar, Tranent, East Linton)
Fife (Cupar, Dunfermline, Glenrothes, Kirkcaldy, St. Andrews, Cowdenbeath, Burntisland)
Inverness-shire (Inverness, Fort William, Kingussie, Newtonmore, Portree)
Kincardineshire (Stonehaven, Banchory, Laurencekirk, Inverbervie)
Kinross-shire (Kinross, Milnathort)
Kirkcudbrightshire (Kircudbright, Castle Douglas, Dalbeattie, New Galloway)
Lanarkshire (Lanark, Glasgow, East Kilbride, Hamilton, Motherwell, Coatbridge, Carluke)
Midlothian/Edinburghshire (Edinburgh, Musselburgh, Penicuik, Dalkeith, Bonnyrigg)
Morayshire (Elgin, Forres, Rothes, Lossiemouth, Fochabers)
Nairnshire (Nairn, Auldearn, Cawdor, Ferness)
Orkney (Kirkwall, Sromness, Balfour)
Peeblesshire (Peebles, Innerleithen, West Linton)
Perthshire (Perth, Crieff, Pitlochry, Callander, Blairgowrie, Rattray, Coupar Angus, Kincardine)
Renfrewshire (Renfrew, Paisley, Greenock, Johnstone, Port Glasgow, Barrhead, Kilmalcolm)
Ross-shire (Dingwall, Stornaway, Tain, Alness, Invergorden)
Roxburghshire (Jedburgh, Hawick, Kelso, Melrose, Roxburgh)
Selkirkshire (Selkirk, Clovenfords, Galashiels)
Shetland (Lerwick, Scalloway, Baltasound)
Stirlingshire (Stirling, Falkirk, Grangemouth, Kilsyth, Bridge of Allan, Denny, Alva)
Sutherland (Dornoch, Helmsdale, Brora, Golspie, Lairg, Durness, Tongue)
West Lothian/Linlithgowshire (Linlithgow, Livingston, Bo'ness, Broxburn, Whitburn, Armadale, Bathgate)
Wigtownshire (Wigtown, Stranraer, Newton Stewart, Whithorn)