Equity Release Lenders

At Essex Home Finance, we offer Equity Release Mortgages from lenders that are Members of the Equity Release Council. This provides for a number of product standards that are designed to give you security and options where applicable :

  • For lifetime mortgages, interest rates must be fixed or, if they are variable, there must be a “cap” (upper limit) which is fixed for the life of the loan.
  • You must have the right to remain in your property for life or until you need to move into long-term care, provided the property remains your main residence and you abide by the terms and conditions of your contract.
  • You have the right to move to another property subject to the new property being acceptable to your product provider as continuing security for your equity release loan.
  • The product must have a “no negative equity guarantee”. This means that when your property is sold, and agents’ and solicitors’ fees have been paid, even if the amount left is not enough to repay the outstanding loan to your provider, neither you nor your estate will be liable to pay any more.

Source - www.equityreleasecouncil.com

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Retirement Interest Only Lenders

In addition to our Equity Release Lenders, a growing number of Building Societies now off the Retirement Interest Only products, where our clients can show they can service the monthly interest cost of the mortgage into retirement.


Why Essex Home Finance?

Essex Home Finance are Mortgage Brokers with access to a significant number of Mortgage Providers and Equity Release Lenders.

Free initial Appointment
One Low Fee payable on Offer
Exclusive Mortgage Schemes
No Obligation

Get In Touch

Speak to Essex Home Finance about your Equity Release, or general Mortgage needs - just complete our mini form below :

By pressing Submit you allow Essex Home Finance Ltd to contact to you discuss your requirements.

Essex Home Finance Ltd is an Appointed Representative of Mortgage Intelligence Ltd which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.

Registered address: 1 High Street, Chelmsford, Essex, CM1 1BE. Registered in England & Wales under number 10607263.

Your home may be repossessed if you do not keep up repayments on your mortgage

There will be a fee for all Equity Release Mortgage cases. Typically our fee will be £695, payable on Offer. We will agree any fees with you before we proceed with your case.

We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman.

Our advice is covered under the Financial Ombudsman Service. You may be able to submit a claim through the EU Online Dispute Resolution Platform If you live outside the United Kingdom or if you prefer not to deal directly with the Financial Ombudsman Service.


Essex Home Finance Ltd
1 High Street
Chelmsford
Essex
CM1 1BE

Email : info@essexhomefinance.co.uk

Tel : 01245 398466
Mob : 07795 081972


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