Our Services
Our aim is to discuss with you the features, benefits and costs involved in the process.
Equity Release & Lifetime Mortgages Nottingham
Types of Equity Release
Grange Estates Wealth Management can help you find the best equity release solution for your circumstances. We will guide your through the process keeping you informed at each stage.
RIO
Retirement interest only mortgages are available should you wish to continue making interest only element of your mortgage payments. The capital balance will remain the same.
Lifetime Mortgages
Lifetime mortgages are aimed at clients looking to releasing equity without the need of a monthly financial commitment making interest only element of your mortgage. You have the choice if you would like to make a full or partial payment and can amend this throughout your lifetime. Optional adhoc overpayments can be made instead of a regular monthly payment.
Wealth Management
Equity release builds in your personnel circumstances and we can help discuss if you have alternative options available to you before taking out equity release.
Our Process:
We look to ensure that at each stage of the process we answer all the questions you have as well as discussing the features you need to know about, with the aim of ensuring as good an understanding as possible about the implications of taking out such a mortgage.
We use the following 6 – STEP PROCESS:
Step 1 – INITIAL CHAT:
We’ll have an initial chat with you over the phone to establish what needs and preferences you have. We’ll give you some insight into what might be possible. We’ll also explain what the equity release mortgage process involves. It’s not as complex as you might think!
Step 2 - RESEARCH MEETING:
We’ll then conduct some detailed research and arrange a subsequent face-to-face meeting to discuss the detail. This meeting is important and so, if you want to, we encourage you to have a family member or trusted friend present.
Step 3 - DECISION:
You will not be put under pressure to make a decision, especially at the first meeting. Take whatever time you need and keep asking us questions.
If at this point you decide to not proceed, then you will not incur any costs from us.
Step 4 - APPLICATION:
If you’re happy to proceed with an application, then we will project manage the entire application process for you.
Step 5 – REVIEW OFFER:
Assuming that the lender is happy with everything, then we’d hope to have secured you a mortgage offer within 2-4 weeks. Once it’s issued, we review the offer with you to check that it matches what you’ve applied for.
Step 6 – COMPLETE THE LEGAL PROCESS:
Assuming that want to continue with the mortgage (it’s still not too late to back out) then we will help you through the legal process to ensure that you receive the funds in a timely manner.