Equity release specialist covering Edinburgh, Dundee, Perth and surrounding areas.
Melville Financial Management Equity Release Mortgage Experts Covering Edinburgh, Scotland, and UK.
Equity Release Edinburgh
Are you aged fifty-five or over and considering an equity release Mortgage? If you are considering using the value of your home to generate a cash lump sum or income to improve your standards of living, one of our qualified financial advisers will provide you with an overview of your equity release options.
The Equity Release Council (ERC), a not-for-profit organisation, is the industry body for the equity release sector. It aims to fully represent and facilitate the safe growth of the equity release market by helping to create the conditions which enable the market to develop effectively.
The ERC provides you, the borrower, with protection and continues safeguards to ensure good outcomes when using equity release to fulfil your plans. The ERC provide the following safeguards:
Equity release, also known as a lifetime mortgage, ensures the interest rate agree is fixed for the life of the loan.
I was thinking of some form of equity release, or later life mortgage, to release some of the equity in my property, to enable some major updates and renovations within the property. With the prospect of doing this myself being rather daunting, or perhaps impossible, I was recommended, via my solicitor and another financial advisor, to go to Chris. He came very highly recommended.
We required advice regarding our situation, and we were found an excellent deal and the communication with us throughout was excellent.
There is little, if anything, that could have been done better. The mortgage application took place during the Covid pandemic, and everything went through successfully.
Equity Release Specialists Edinburgh
What is Equity Release? Equity release schemes enable older home owners to release cash from the value of their property without the need to move house. Reasons for wishing to take out equity release may include finding cash necessary for;
Travel and hobbies
General living costs
Helping out family members
Generally there are certain conditions that need to be met before taking out equity release, for example:
You will need to be a minimum age of 55
Your property must be in reasonable condition
You must be a home owner with no dependants living with you
Your property must be over a certain value
You have little or no mortgage left on your property
Christopher Melville MSc.
Christopher is a financial adviser, family estate planner and member of the Equity Release Council. He writes about the importance of independent financial advice, inheritance tax and family planning regarding equity release and personal finances.
With a wealth of experience in the regulated financial service sector, you are in safe hands at Melville Financial Management. Providing independent financial advice in Edinburgh and across UK.
‘I am an experienced financial adviser and I specialise in independent later life lending mortgage advice as well as Retirement Interest Only (RIO) products. I lay out your options and I provide you support at every stage of your journey.’