Comments on: Equity Release: Top 10 Questions Answered

By: admin

admin — Wed, 24 Mar 2010 11:31:16 +0000

Dear Brenda,
Thank you for your question.
Inheritance tax planning is a specialist area and as such you should seek help from a suitably qualified tax advisor.
Equity release should only be considered if there is a need for the funds to be released and not purely as a way of mitigating Inheritance tax as there are no guarantees that the liability would be suitably reduced.
If you would like to discuss your equity release options in more detail please contact one of our fully-qualified advisors on freephone 08080 10 10 10, or via our website http://www.agepartnership.co.uk by requesting a callback.

Kind regards
The Age Partnership Team
blog@agepartnership.com
admin

By: brenda gough

brenda gough — Tue, 23 Mar 2010 19:02:16 +0000

My house is valued at £700.000 I am divorced living on my own. I intend leaving my house to my niece and nephew, would you advise me to take equity release to save them inheritence tax, how much would you advise me to take to save them paying 40% after you have taken your commision.

Kind Regards Brenda Gough

By: admin

admin — Wed, 27 Jan 2010 13:31:18 +0000

Hi
Interest can be paid on an interest only Lifetime Mortgage which is a specific plan designed to allow repayments to the interest every month. Repayments to capital can be made, however, a penalty may be incurred for this subject to the plan chosen. It should be remembered that Lifetime Mortgages are not designed for short term lending and as such usually carry some form of financial penalty if repaid in full or part in the early years.
For more information or for one of our fully-qualified advisors please feel free to contact us either by telephone on freephone 08080 10 10 10, or via our website http://www.agepartnership.co.uk by requesting a callback.
Kind regards
The Age Partnership Team
blog@agepartnership.com
admin

By: Wood

Wood — Fri, 22 Jan 2010 11:38:27 +0000

lifetime mortgage can you pay the interest monthly
or pay off part off the capital

By: Bridging

Bridging — Sat, 16 Jan 2010 01:40:11 +0000

Great write up - Thank you for sharing

By: Equity Release Adviser

Equity Release Adviser — Mon, 06 Jul 2009 14:48:01 +0000

Thanks for your post here on our news blog.

If you would like find out whether you qualify for equity release and how much you could raise please feel free to contact us either by telephone on freephone 08080 10 10 10, or via our website http://www.agepartnership.co.uk by requesting a callback or fill in your details to receive our brochure by post. Additionally you could use our equity release calculator to see how much you could release.

I hope this helps and we look forward to speaking with you.

Kind Regards,

The Age Partnership Team

By: Equity Release Adviser

Equity Release Adviser — Mon, 06 Jul 2009 14:45:19 +0000

Hi James

Thanks for your post here on our news blog.

I hope this helps and we look forward to speaking with you.

Kind Regards,

The Age Partnership Team

By: Equity Release Adviser

Equity Release Adviser — Mon, 06 Jul 2009 14:44:54 +0000

Hi Robert

Thanks for your post here on our news blog.

I hope this helps and we look forward to speaking with you.

Kind Regards,

The Age Partnership Team

By: Mr.M.H.Page

Mr.M.H.Page — Sun, 28 Jun 2009 19:57:46 +0000

I am looking for an exit route from bankruptcy, as an alternative to having my home sold. I am 63 and work in a commission-based job, so cannot get a mortgage. There is no mortgage outstanding on the property, which has been valued at £225.000.
Please can you give some advice.
Thank you.

By: James Rae

James Rae — Sun, 28 Jun 2009 17:37:48 +0000

My partner will not be 55 for another 3 yrs, joint mortgage, when I retire. We have no children, and do not wish to leave the property to charities or inland revenue. Also my pension will be insufficient to continue to pay the ‘interest only’ mortgage, so I see the only two options as 1. Sell up and pay off the mortgage. 2. Equity Release.

Regards
James