Telephone:
0191 695 9493

Email:
info@northeastequityrelease.co.uk

your personal equity release adviser Joanne

When it comes to Equity Release, it is essential that you find an experienced and knowledgeable professional that you can trust, someone who can help you make the right choices in line with your circumstances. Someone like Joanne. 

We know just how important it is to be able to place your trust and confidence in the hands of a professional that can provide you with the assurance they have the necessary knowledge and experience to know exactly what they’re doing when it comes to equity release in order to lead you in the right direction. That is why today we are delighted to introduce Joanne, the experienced financial adviser behind North East Equity Release.

Introducing your personal equity release adviser

When you are needing the advice of a professional in the finance industry, you need to know that they have the background and experience required in order to be able to provide quality, independent advice that is genuinely in line with your best interests.

“Can’t rate Jo highly enough. I don’t think my Equity Release would have gone through without her intervention. Thanks again Jo!”Jacki

Luckily for our clients, Joanne is a highly experienced equity release adviser with a genuine commitment to providing honest, insightful advice to everyone that she works with.

A wealth of knowledge and experience

Joanne has worked within financial services for over three decades, securing her first role in the industry as a cashier at Barclays Bank. So began a lifelong passion for helping individuals to best manage their finances from a position of genuine care, honesty and expertise.

“Joanne, you’re worth your weight in gold. Thank you for sorting this out for us.”Costas and Gemma

In 1997, Joanne secured her professional qualifications, enabling her to become a qualified Mortgage Consultant. From this point onwards, Joanne began to assist clients in the process of securing competitive mortgages, helping countless customers buy their very first home, remortgage their property and navigate and resolve tricky circumstances that require shrewd, professional advice.

A changing financial landscape

It is no secret that we live in a very different world today than the one that many of us grew up within.

The ever-changing economic and political landscape of the U.K. means that it is becoming harder for many individuals to ensure a comfortable retirement for themselves; one where they are able to spend time doing the things that they love, whether that be travelling, relaxing, learning new skills and picking up old hobbies, or spending time with loved ones.

As such, the need for and interest in later-life borrowing has increased in recent years. For Joanne, it soon became clear that it was important for her to be able to assist her clients in this new and growing need, and in 2017 she became a qualified Equity Release Adviser.

Registered with the Equity Release Council, Joanne now specialises in helping individuals and couples to navigate lifetime mortgage plans, leading with a genuine sense of consideration and care and a commitment to acting in the very best interests of her clients.

Looking for professional help with equity release? Look no further than North East Equity Release, and get in touch with Joanne today.

Did you know that a fifth of equity release plans that are taken out are to cover the day-to-day cost of living? Using property wealth can help to supplement your income during the current cost of living crisis. If you’re retired and concerned about maintaining your current lifestyle or wish to support your children and grandchildren through this difficult time, then a lifetime mortgage could help you. But are there any drawbacks to doing this?

Senior man contemplating equity release in his home
Lifetime Mortgages are for life

Releasing equity by means of a lifetime mortgage is not a financial decision that should be taken lightly. Whilst current cost of living pressures can be a significant source of worry, it is important to consider the long-term implications of a lifetime mortgage. Hence the name, lifetime mortgages are a long-term product where a loan is secured against your home until you die or move into long-term care.

Lifetime mortgages charge compound interest

Lifetime mortgages charge compound interest, meaning that if you choose not to make monthly repayments, the amount you owe will roll up. This reduces the amount of equity left in your home and can eventually add up to the total value of your home. This can have an impact on the amount of inheritance that you can leave behind for your loved ones.

Interest rates are rising

With the Bank of England raising the base rate, interest rates are continuing to rise. Lifetime Mortgage interest rates currently start over 6.50%, which is considerably higher than the rates this time last year. There are a number of factors that can contribute to lifetime mortgage interest rates, including the requested LTV, your credit history and your age.

equity release interest rates

Conclusion

It is important to consider all your options and speak to a qualified equity release adviser. From taking out a retirement interest-only mortgage to remortgaging and exploring local authority grants, there are many options to consider before taking the plunge with a lifetime mortgage.

We have your best interests at heart. Get in touch with our friendly adviser, Joanne and arrange a consultation to discuss your requirements.

Mature couple signing a contract

When it comes to making important financial decisions, there’s no substitute for the expertise of a financial adviser. However, approaching a national bank or national brokerage can feel overwhelming and impersonal. You can often be left feeling forgotten once you have signed your name on the dotted line.

In this digital age, with the faceless nature of communications and online customer service, it becomes difficult for national firms to offer a more personal service and affable connection with their clients, leaving the customer on the other end of the screen feeling despondent.

Here are just a handful of reasons why you should consider opting for a local adviser before venturing online or onto the high street:

1/ A service-orientated rather than product-orientated approach

Local, independent advisers aren’t preoccupied with pushing a specific lender or product and therefore they are able to take the time to consider your personal circumstances and research all relevant products and solutions that will help you plan for your unique goals in life.

Taking away the specific lender/product-orientated sales approach means that your adviser can also help you consider alternative solutions, take the time to explain the products and financial terms in full and remove any unnecessary jargon ensuring you completely understand every option available to you.

2/ Objective, independent advice

High street banks and corporate firms’ access to market may be restricted, meaning that they can only recommend their own products or those from a selected panel of lenders, limiting your options and leading to you to potentially miss out on your perfect financial solution.

With an independent adviser such as North East Equity Release, you will have access to the whole of the market.

You can rest assured that we will have researched and considered the broadest range of products possible before making any recommendations to you.

Witnessing a signature

3/ Face-to-face appointments

Since the Covid-19 pandemic, team Zoom calls and family catch-ups over FaceTime may seem second nature to some people, but when it comes to approaching a financial adviser for the first time, an online call may not feel so familiar and the format can be too formal and regimented.

Having a financial adviser in your local area opens up the possibility of in-home or in-office meetings. This means you can have a chat over a cup of tea without the physical barrier of a laptop or phone.

At North East Equity Release, we also welcome any family members or friends to be present at any of your appointments. We prioritise accessibility, meaning that if you have mobility issues or do not have the transport necessary to pop by for an office meeting, we are more than happy to hold meetings in the comfort of your own home.

With a local financial adviser, you can have the peace of mind that your finances are being well looked after and that we are readily available to discuss your concerns at a time and location that suits you.

Are you interested in equity release and looking for a North East financial adviser? Our specialist Joanne Manghan is just a phone call or short drive away and is committed to providing a personal, friendly service. Contact us here or call on 07809 715 243 for further information.

With increasing life expectancy and later life borrowing, many people in the UK are considering more options when it comes to aging gracefully – and comfortably – in their family home.

The thought of downsizing your home, using savings, or relying on local authority and state benefits to move into a care home can be distressing, especially when you are already content and comfortable within your current home.

Did you know that equity release can give you financial peace of mind and is a possible solution for staying in your own home? Equity release has the potential to pay for domiciliary care ensuring your physical and mental wellbeing is cared for when you need it most. If the thought of a care home is upsetting and you are reluctant to hand over the keys to your cherished family home, then equity release could be the financial solution for you.

Read on to discover more about the benefits of equity release for maintaining your independence and accessing long-term care at home.

Grandma and granddaughter watching TV together

Stay in your home

Equity release offers a level of flexibility that you may not have previously considered. The number one benefit of equity release is that it allows you to access money quickly without having to move out of your home.

There is an option to receive a tax-free cash lump sum, with nothing to repay until you pass away or decide to sell the property.

Many schemes offer you the flexibility of withdrawing smaller lump sums as and when required, which can help to keep costs down if you are healthy and your home is in good condition.

Fund long-term domiciliary care

For many aging individuals, home is where your heart is and the idea of giving that up for a cheaper, smaller property or care home accommodation can make you feel like your independence is slipping away. Thankfully, equity release can give you financial freedom and control over the support you receive.

Care at home is becoming an increasingly popular option for many families. With one-to-one personal care that is tailored to you and your specific needs, from once a week to live-in care provision, equity release can help you fund long-term domiciliary care and can help you stay in your home for longer.

Nurse talking to smiling elderly lady in her home

Pay for home modifications

Whether you are an elderly individual living independently and wish to continue living in the comfort of your home, or you’re a family member caring for an aging loved one, safety is a priority. In order to make your home as risk-free as possible and adapted to your mobility needs, home modifications are a prominent concern.

Equity release can provide you with the funds to install flooring modifications to prevent falls, home monitoring systems, assistive seating devices, as well as widened doorways and ramp installation. Whatever health concerns you may have, equity release can help to safeguard your future.

Things to consider

Now that you know the benefits, there are a few things to consider before opting for equity release.

To qualify, you need to be a UK homeowner who is aged 55 years or over, and own a property worth at least £70,000.  There are also minimum loan amounts to consider, generally starting at £10,000.

It is also important to consider how equity release is affected by your age and the value of your property; the older you are and the greater the value of your home, the larger the sum that can be released.

To ensure you are making the right decision about later life borrowing, it’s important to seek the advice of a qualified financial adviser.

North East Equity Release can help you to review current schemes, offering tailored, expert advice to find the perfect deal for you. Get in touch to find out how we can help you age gracefully in the comfort of your home.