Andrew Finn Just Wealth

Andrew Finn Just Wealth
Bristol
County of Bristol
United Kingdom
Mobile: 07944 109 328

Business type: Financial Advisers

Facebook
I'm considering equity release - what are my options
There are two Equity Release schemes you can choose from in the UK, either a Lifetime mortgage or a Home reversion plan.

A lifetime mortgage is usually for people aged 55+ and is a tax free loan secured against your home. You can either draw down a single lump sum where you take the whole loan at once or you can receive payments in different amounts, as and when needed.

A home reversion plan is usually for people aged 65+ and allows you to sell between 25-100% of your home for cash. You can get the money as a lump sum or in regular, smaller payments. If you're wondering how this would work, you would effectively become a tenant in a home you used to own. You may have to pay rent to your equity release provider and your loan may affect any benefits you receive. When you die or move in to long-term care, your provider would sell your home and take their share but you will never have to pay back more than the value of your home*.

If you would like to discuss what option works best for you, get in touch with me and I would be more than happy to help point you in the right direction
#equityrelease #financialadvice

Approved by The Openwork partnership on 24/07/2023
*Source: Legal & General
A lifetime mortgage is not suitable for everyone and it is important to seek financial advice before taking any action. All other options available should be explored before choosing equity release.
Interest is charged on both the original loan and the interest that has been added, the amount you owe will increase over time, reducing the equity left in your home potentially to nothing. Please discuss with your family and beneficiaries.
Just Wealth is a trading name of Just Mortgages Direct Limited which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited, which is authorised and regulated by the Financial Conduct Authority. Just Mortgages Direct Limited Registered Office: Colwyn House, Sheepen Place, Colchester, Essex, CO3 3LD. Registered in England No. 2412345.
At Just Wealth our aim is provide exceptional service to both private and corporate clients. Our clients come from all walks of life and have a wide variety of financial planning needs. However, one thing our clients have in common is the desire to create wealth and have it protected.


Photo
Opening Times
Mon
09:00AM - 06:00PM
Tue
09:00AM - 06:00PM
Wed
09:00AM - 06:00PM
Thu
09:00AM - 06:00PM
Fri
09:00AM - 06:00PM

Email Addresses
email
andrew.finn@justwealth.co.uk

Services:
Financial Advisor, Financial Advice, Pensions, Equity Release, Financial Planning, Saving and Investing Retirement Investing, Tax Planning, Estate Planning, Will Writing



Editing or updating this listing

Update your details here if you are unaware of any log-in information for this listing.

Disclaimer

Opinions expressed within reviews are those of the individual author and are not the views or opinions of Lowi Ltd, My Local Services or any of its employees.

If you have an issue with any review comments then please fill in the review issue form and include as much detail as possible.

Incorrect Data Incorrect data:
If you want to report incorrect information on this web page, then please contact us and outline the issue. We aim to resolve most problems within one business day.