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🚂 Information Station 🚂

Writer's picture: Lyn PalmerLyn Palmer

Updated: Jan 23, 2024


Portability

 

👋Welcome to Information Station 🚂 where we dive into the world of lifetime mortgage plans.

 

Today, let's explore a great feature that offers you flexibility and peace of mind—the "Portability" of your equity release plan. 🏡✨

 

Have you ever wondered what happens if you decide to move to a new property in the future? The Portability feature has you covered!

 

With this option, your lifetime mortgage can be transferred to your new home, as long as it meets the lender's criteria. It's like carrying your financial freedom with you! 🏠👜

 

This means you don't have to worry about repaying your mortgage if you decide to move, and you can continue enjoying the benefits of your equity release plan in your new home.

 

It's a fantastic way to adapt to changing circumstances without losing the value you've unlocked in your home.

 

Curious to learn more about the Portability feature or other equity release options? Drop me a comment 💬 or send me a message 📩. Your question could be featured in my next video!

 

Thanks for tuning in to "My Information Station." Stay informed 🧠, and remember, knowledge is power 💪 when it comes to making decisions about your financial future. Until next time! 🚂

 

This is a lifetime mortgage. To understand the features and risks ask for a personalised illustration.  Check that this mortgage will meet your needs if you want to move or sell your home, or you want your family to inherit it. If you are in any doubt, seek independent advice.

A fee may be charged for mortgage advice, the exact amount will depend on your circumstances.





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Email: Lyn@simplifiedequityrelease.co.uk

Phone: 07887 885182

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Simplified Equity Release has no control or responsibility for the pages you are about to access or where any subsequent link may take you

Equity release may involve a home reversion plan or a lifetime mortgage, which is secured against your property and will reduce the value of your estate and impact funding long-term care.

 

Equity release requires paying off any existing mortgage. Any money released, plus accrued interest would be repaid upon death, or moving into long-term care.

With a lifetime mortgage, if you don't make repayments interest will roll up over time.  This will increase the size of the debt and will reduce the amount left that will be left to your beneficiaries when you're gone.

 

We provide initial advice for free and without obligation. Only if your case completes would our advice fee of £1,695 be payable. Other lender and solicitor fees may apply.

Simplified Equity Release is a trading name of Equity Release Associates Limited, which is authorised and regulated by the Financial Conduct Authority. FCA registered number 932793. Company registered in England and Wales number 12258392. VAT Registered Number 365 5888 43. Registered address, 2200 Century Way, Thorpe Park, Leeds, LS15 8ZB.


The information on this website is intended for guidance purposes only and does not constitute
advice. Furthermore, the information on this website is subject to UK regulatory regime and is
therefore intended for consumers living in the UK only. We are not responsible for the content in
any links to 3rd party sites.

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