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Will I be supported after taking out a Lifetime Mortgage?

older couple walking through a field with their arms around each other

Equity Release is a big financial decision and can have a financial impact on the consumer and their family so it’s important once you’ve acquired a Lifetime Mortgage that you continue to be supported by experienced Equity Release Advisers.

At North East Equity Release, we are committed to providing you with the best service and support before, during and after your application process.

After using our services to arrange your mortgage, we will always be on hand to answer any future questions you may have. We ensure our customers are given all the support and assistance they may need, whenever they need it.

We also ensure all our communications with you are delivered in a clear and concise manner and are never misleading. We spend as much time as needed to ensure you have a full understanding of the products and their potential impact on your estate.

Although it’s called a Lifetime Mortgage and interest rates are currently fixed for the lifetime of the mortgage, you don’t have to keep the same mortgage for life….

As interest rates are subject to fluctuation, lower fixed interest rates than you currently have may become available and because early repayment charges on most plans no longer run for the lifetime of the plan, in some cases it may be cost-effective to remortgage your lifetime mortgage to a new lender with a lower interest rate.

We can carry out a review of your mortgage at no cost at any time in the future to see if this is an option for you.

We will also always be on hand to help you access your drawdown facility if you have one and assist with any further borrowing if required.

If you’re considering a lifetime mortgage and would like advice from an experienced, qualified. industry professional, get in touch with our Equity Release Adviser Joanne today.