Residential mortgages

Finding the best solution for you

When buying your first home you’ll naturally have a lot of questions, such as how much can you borrow, which type of mortgage is best for you, and how much will it cost etc. Whether you’re looking for your first house or looking to re-mortgage or move, we will help you through the process.

You will be wondering how you can find the best mortgages and whilst achieving this objective can be an anxious time for you, Investa Finance will help you achieve this and secure an attractive deal.

If you are a first time buyer, this does not make the mortgage process particularly any more difficult, but you will not have mortgage application experience. With our guidance we can help prepare and present your case to lenders for a successful outcome, and by having access to the whole of market and our experienced knowledge of lenders’ criteria, we will research and recommend the best solution for your specific circumstances.

If you are remortgaging or moving home and have used our services before, you will already have experienced first hand how having expert guidance will save you time and money whilst achieving the best outcome for you and your needs and preferences.

Our clients come from a range of circumstances that include all of the following:

Amongst the list, there will be specific niches, where we have both experience and expertise as well as access to lenders who tailor their support to these specific areas.

Finding and securing the perfect mortgage can be quite challenging, but this is exactly what our expert advisers do, day in, day out. Find out how our team can help you with a wide range of different mortgage products.

As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments.

Lifetime mortgages

Lifetime Mortgages allow people aged 55 and over to release money from the property they live in.

More and more people are using the equity released to, pay down debts, boost their income, help enjoy a comfortable retirement or plan capital expenditure, without the need to make regular monthly payments!

A lifetime mortgage is a type of mortgage which does not require monthly repayments, although with some you can choose to make monthly interest payments so not to roll up the interest.

You retain ownership of your home and interest on the loan is rolled up (compounded). The loan and the rolled-up interest are repaid by your estate when you either die or move into long term care. If you are part of a couple and the property is in joint names, the repayment is not made until the last remaining person living in the home either dies or moves into care, meaning that both you and your partner are free to live in your home for the rest of your lives. You’ll never owe more than your home’s worth with a lifetime mortgage and have the benefit of the “No Negative Equity Guarantee.”

Options available

Whilst there are two types of equity release; lifetime mortgages and home reversion plans (which are both lending solutions that are regulated by the Financial Conduct Authority), we only advise on lifetime mortgages. By using equity release, a home owner can draw a lump sum or regular smaller sums from the value of their home, while remaining in their home. You’ll never owe more than your home’s worth with a lifetime mortgage and have the benefit of the “No Negative Equity Guarantee.

Reasons why

Need to repay an interest only mortgage

If you took out an interest only mortgage years ago and it’s due to end soon, equity release could provide you with a lifeline if you don’t have the funds available to repay the capital, without needing to sell or move out of your home.

Make home improvements

If you’re looking to make home improvements or renovations, equity release is one way to fund them.

Don’t want to downsize

You may find yourself asset rich but cash poor in later life but may not want the hassle of having to move home to free up your property wealth.

Supplement income in retirement

Equity release can provide a top up to your retirement income, if your pension doesn’t provide you with enough to live comfortably.

Financially support to your family

Equity release can enable you to provide a ‘living inheritance’ for your family, which could help them buy a house, or contribute towards other costs.

Lump sum or drawdown

You can choose to take your borrowing as a lump sum or you can draw down at periodic intervals determined by your individual needs and circumstances.

Lump sum option

A lump sum lifetime mortgage is where you receive all the money you release in one go. When you complete, you’ll receive all your tax-free cash in a single lump sum. This can be ideal if you have several expenses to cover at once, such as repaying existing debts, home improvements and gifting to a family member. A lump sum lifetime mortgage could cost more over time as interest is applied to the full release amount from day one.

Drawdown option

A drawdown lifetime mortgage is similar to a lump sum lifetime mortgage, in that you still get access to tax-free money. However, instead of receiving your funds in one lump sum, you can take the money as and when you need it following an initial release of funds. This could be more suited to your needs if you don’t need all your money upfront and want access to cash later down the line. It could also work out cheaper – as you only pay interest on the money you release. Drawdowns are subject to the prevailing, fixed interest rate at the time, which may be higher than the original interest rate. A drawdown facility is not guaranteed as the lender has the right to withdraw it.

Advice

To weigh up the advantages and disadvantages fully before you make a decision on whether equity release is right for you, speak to a specialist adviser. As a qualified adviser firm, we can help you to understand what’s involved and talk you through your options.

There are many different options available and taking in to consideration your current and future needs we look to match those with the right solution.

It is really important for you to find out as much as you can, to get qualified advice and, where possible, to talk it over with your family to ensure you choose the best plan to fit your needs.

For your assured peace of mind, we are also members of the Equity Release Council and as members we abide by the council rules and are signed up to their statement of principles.

Equity release may involve a lifetime mortgage or a home reversion plan. To understand the features and risks, ask for a personalised illustration. Equity release may impact the size of your estate and it could affect your entitlement to current and future means-tested benefits.

Mo helped me to secure a property with God's speed to help me secure my purchase. With Mo's speed, knowledge and connections with mortgage lenders, he helped me secure the house and the best mortgage interest rate. I have no hesitation in recommending Mo to anyone for mortgage advice. Mo rocks!

R Khan

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Let's talk

With so many different types of loans and lenders out there, the world of residential mortgages can be complex. At Investa Finance we are here to help. We can advise on the best options for your specific circumstances and goals, so you can take your home ownership to the next level. Just get in touch to discuss how we can help.