Whether you are a first-time buyer, moving home or simply wishing to take advantage of a more competitive rate, it is important that you have the right mortgage in place.
At Pinsa Wealth Ltd we can source a range of mortgages from the Whole of the Market.
Whether you are a First-Time Buyer, looking to re-mortgage or move home we will help you find the best product for your individual needs and requirements.
We can advise on:
We also work closely with other trusted companies to offer:
Mortgages for holiday homes
Whichever solution you require our advisers will assist you throughout the process to ensure that it goes as smoothly as possible.
Moving home can be an expensive and stressful process at any age. Many people would prefer to stay put and benefit from the ‘equity’ or value tied up in their homes, and equity release schemes allow them to do that.
There are various types of plans available to homeowners aged 55 and over. With Lifetime Mortgages where the interest is rolled up, a loan is taken out on the property to provide a lump sum, an income or a combination of the two. No interest is payable until the home is sold, which could be when you and your partner have both died or gone into long-term care.
A Lifetime Mortgage with a drawdown facility allows you to take the cash in stages as it suits you. This can be useful as it gives flexibility and the reassurance that you can access further funds at some point in the future should you need them. Interest is also only charged on funds when they are drawn down.
A Home Reversion scheme lets you sell part or all of your home in return for a tax-free lump sum or a regular income and is normally available to homeowners aged 65 and over.
You will normally receive below a below market value for your property, as you retain the right to stay in your home rent-free until you die or move out permanently.
When this happens, your home will be sold and you or your estate will receive the value of your share. The value you receive will be the amount your home sold for, minus the share you sold to the equity release provider originally.
This means you’ll know exactly what percentage of your home’s value will be left to your estate on your death.