Whether purchasing your first home, re-mortgaging your existing home or considering releasing the Equity in your home, you have to make decisions which financially are amongst the biggest you will ever make.
With increasing rules and regulations making lending criteria even more complicated, working with an experienced financial adviser makes a lot of sense.
What types of mortgages can Acumen advise on?
- First time buyers
- Home movers
- Equity Release/Lifetime Mortgages
How can Acumen help you with your mortgage?
Tailored solutions – We are all different. At Acumen we can explore different mortgage terms, fixed rates, tracker rates, offset deals, repayment and interest only from a pre-selected panel of approved lenders, to ensure you get the right mortgage not just for today but tomorrow as well.
Support through the process – Once the application is made the process has only just begun. At Acumen we have built up trusted partnerships with solicitors to ensure you get the best support on the legal aspects of the transaction, as well as being a point of contact all the way through to completion.
Protecting your mortgage – It is common for a mortgage to be the largest financial commitment you ever make. It is therefore essential to ensure that it is protected against all the unpredictable events life can throw at us. At Acumen we can work with you to design a protection package to suit your circumstances covering:
- Life insurance
- Critical Illness cover
- Income protection
Case study for equity release/lifetime mortgage
Audrey Jones, 69, had recently been looking at ways of improving her financial situation and maintaining her standard of living. She also wanted to help her children financially. She therefore started looking into the possibility of equity release to help her situation.
At first there was some trepidation, as Audrey saw the equity release market as ‘a minefield’. However, after spending much time discussing her personal and financial situation, along with her future aims and aspirations, with her family and financial adviser she felt confident that she was making the right decision.
This lifetime mortgage met her requirements perfectly, allowing Audrey the initial cash lump sum she required. Audrey also liked the Repayment Option allowing repayments of up to 10% per annum of the amount borrowed, which could help her reduce the roll up of interest.
Not only that, but if Audrey does decide to downsize and pay off her loan in full after five years, she can do so with no early repayment charge.
Overall, Audrey feels that taking out the plan has really made a difference to her lifestyle. She has been able to meet all her aims and she now feels she has no ‘money worries’ for the future.
We ensure that our product innovation is combined with consumer protection to offer you the best possible equity release options. If you are looking to free up capital locked in your home, increase your income, maintain your standard of living, or pass on wealth to your children, talk to one of our dedicated team about equity release today.