Equity Release

The Equity Release Council exists to promote high standards of conduct and practice in the provision of and advice on equity release which have consumer safeguards at its heart.

Unlock the equity in your home and enjoy it now using later life lending. Later Life Lending is a specialist area with three main options. The benefit of coming to an independent broker like us is that we will look at all three to work out which is best for you. If you go to an equity release specialist then you will only get equity release, which may not be the best option for you.

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The three options for later life lending are:


01

A normal mortgage supported by income whether that be employed, self-employed or pensions etc. This type of mortgage is available on an Interest Only basis (if criteria are met) but affordability is assessed on a repayment basis so this may not be affordable for everyone. Most lenders will only lend to age 70 but some will lend up to age 80 or 85 and a few beyond that.


02

A Retirement Interest Only mortgage (RiO). Affordability for this is assessed on an Interest Only basis. This means that the income needed to support it is lower. The catch is that for a joint mortgage, the income is based on the income of the lowest earning person. This can mean it is unaffordable. There is no maximum age for this type of product.


03

Equity release is the final option. The most popular form is a Lifetime Mortgage. With this you get on-demand access to the wealth in your home in a flexible, safe way without having to sell your property, give up ownership or move. You can chose to service the interest if you wish or make voluntary ad-hoc payments – or just allow it to roll up and be added to the debt. Affordability for this is based on the value of the property and the age of the applicant. You can use the money for whatever purpose you wish. For example you may wish to pay off an existing interest only mortgage that is due to end, financially help younger members of the family, carry out home improvements, enjoy a holiday of a lifetime or simply support your lifestyle in retirement.

We offer Lifetime Mortgages from the whole of market. We are members of the Equity Release Council and have specially qualified staff. You can be assured that when you talk to us, we will take into account your circumstances and put your needs first.

For a free, no obligation chat please get in touch.

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Contact

Email Us >
0131 344 4301

Head Office

19 Rutland Square,
Edinburgh,
EH1 2BB

Branches

Woodside,
Perthshire,
PH13 9NW

2 Upper Allan Street,
Blairgowrie,
PH10 6BA

23 Hunters Grove,
East Kilbride,
G74 3HZ

9 Queens Crescent,
Falkirk,
FK1 5JL

10 Bank Street,
Falkirk,
FK1 1NB

Tom Johnston Road,
Dundee,
DD4 8XD


Malleny Mortgage Solutions

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGEThe information given in this website does not contain all of the details you need to choose a mortgage. Make sure that you read the separate key facts illustration before you make a decision. The FCA does not regulate some forms of buy to let mortgages. This firm usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity.Malleny Ltd is registered in Scotland. Company Number SC325695. Registered Office address: Suite 411, Baltic Chamber, 50 Wellington Street, Glasgow, G2 6HJ. Authorised and regulated by the Financial Conduct Authority. Malleny Mortgage Solutions is a trading name of Malleny Ltd which is entered on the Financial Services Register under reference 629748. The guidance and or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted to customers in the UK.If you wish to register a complaint, please initially write to [email protected] or telephone 0131 344 4301. A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service.

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