By clicking on these links you are leaving a regulated website.

LGM Services

Home Equity Release

Quick Contact

    Need Help?

    LGM House Church Lane Estate Plummers Plain Horsham West Sussex RH13 6LU

    Equity Release

    How does Equity Release work?

     

    If you are a homeowner, Equity Release is a way of releasing tax free cash or a regular income from your home if the youngest owner is over the age of 55.

     

    The most popular way of releasing cash from your home is with a Lifetime Mortgage.  A Lifetime Mortgage is very similar to a traditional mortgage, but there is no fixed repayment date and you do not have to make any monthly repayments. As the interest charges are added to the loan on a monthly basis the loan value will keep increasing.  If you wish to reduce the amount of interest accruing you can make voluntary payments of a fixed amount each month or payments as and when you wish.  If you do not want to make any payments you are under no obligation to do so and can start and stop payments as and when you want.

    When does a Lifetime Mortgage get repaid?

    Unlike a traditional mortgage there is no fixed end date.  The loan is normally repaid when you die or move into long term care. In the case of joint applicants it is when the last surviving person dies or goes into long term.

    When the loan is due to be repaid, it can either be repaid from the proceeds of the sale of your home or by any other means.  The mortgage company has no involvement in the sale and cannot force your estate to sell your home for less than the full market price. After the loan and the accrued interest have been repaid, the proceeds will go into to your estate in the normal processes of probate.

    You never lose ownership of your home with a Lifetime Mortgage.

    With a Lifetime Mortgage you never lose ownership of your property, the property cannot be repossessed and you can never be forced out of your home due to non payment as there are no payments to be made to the loan. When the loan is repaid any money left over goes to your estate and only the amount owing goes to the mortgage company. The other alternative to a Lifetime Mortgage is a Home Reversion plan, whereby you sell all or part of your property for a cash lump sum which is well below the market value of your home.  You can stay in the property for the rest of your life, but will never own the property and on death the loan company will take possession of the house

    Request free advice now

    It only takes a couple of minutes to answer a few questions about you and your home.  We will send a free Independent report answering all your questions about Equity Release.

     

    We guarantee you will only be contacted by an LGM Equity Release Specialist Partner.  We provide advice and information to you to allow you to make an informed decision on whether Equity Release is right for you.  We work on a ‘No Completion, No Fee’ basis.  You will never pay a penny if you decide not to proceed and never pay anything up front. We have access to the whole of the market, allowing us to access exclusive rates and plans not available to the general public.

    The Equity Release About Our Services and Fees does not state that your fee is charged at £500 on completion. It states only that there is a £500 charge for your advice service.

    Risk WarningThis is a home reversion plan. To understand the features and risks, ask for a personalized illustration

    LGM is the trading name of LGM Insurance Services LLP

    Registered Office: LGM House, Church Lane Estate, Plummers Plain, HORSHAM, West Sussex. RH13 6LU.

    Registered in England and Wales. Partnership Number: OC346072 Telephone: 01403 891444. Fax: 01403 891189.

    LGM Insurance Services LLP is an appointed representative of In Partnership the trading name of The On-Line Partnership Limited which is authorised and regulated by the Financial Conduct Authority.

    Equity Release

    How does Equity Release work?

     

    If you are a homeowner, Equity Release is a way of releasing tax free cash or a regular income from your home if the youngest owner is over the age of 55.

     

    The most popular way of releasing cash from your home is with a Lifetime Mortgage.  A Lifetime Mortgage is very similar to a traditional mortgage, but there is no fixed repayment date and you do not have to make any monthly repayments. As the interest charges are added to the loan on a monthly basis the loan value will keep increasing.  If you wish to reduce the amount of interest accruing you can make voluntary payments of a fixed amount each month or payments as and when you wish.  If you do not want to make any payments you are under no obligation to do so and can start and stop payments as and when you want.

    When does a Lifetime Mortgage get repaid?

    Unlike a traditional mortgage there is no fixed end date.  The loan is normally repaid when you die or move into long term care. In the case of joint applicants it is when the last surviving person dies or goes into long term.

    When the loan is due to be repaid, it can either be repaid from the proceeds of the sale of your home or by any other means.  The mortgage company has no involvement in the sale and cannot force your estate to sell your home for less than the full market price. After the loan and the accrued interest have been repaid, the proceeds will go into to your estate in the normal processes of probate.

    You never lose ownership of your home with a Lifetime Mortgage.

    With a Lifetime Mortgage you never lose ownership of your property, the property cannot be repossessed and you can never be forced out of your home due to non payment as there are no payments to be made to the loan. When the loan is repaid any money left over goes to your estate and only the amount owing goes to the mortgage company. The other alternative to a Lifetime Mortgage is a Home Reversion plan, whereby you sell all or part of your property for a cash lump sum which is well below the market value of your home.  You can stay in the property for the rest of your life, but will never own the property and on death the loan company will take possession of the house

    Request free advice now

    It only takes a couple of minutes to answer a few questions about you and your home.  We will send a free Independent report answering all your questions about Equity Release.

     

    We guarantee you will only be contacted by an LGM Equity Release Specialist Partner.  We provide advice and information to you to allow you to make an informed decision on whether Equity Release is right for you.  We work on a ‘No Completion, No Fee’ basis.  You will never pay a penny if you decide not to proceed and never pay anything up front. We have access to the whole of the market, allowing us to access exclusive rates and plans not available to the general public.

    No charges for initial advice and quotes. A completion fee of £395.00 is charged by LGM

    LGM is the trading name of LGM Insurance Services LLP

    Registered Office: LGM House, Church Lane Estate, Plummers Plain, HORSHAM, West Sussex. RH13 6LU.

    Registered in England and Wales. Partnership Number: OC346072 Telephone: 01403 891444. Fax: 01403 891189.

    LGM Insurance Services LLP is an appointed representative of In Partnership the trading name of The On-Line Partnership Limited which is authorised and regulated by the Financial Conduct Authority.

    Quick Contact

      Need Help?

      LGM House Church Lane Estate Plummers Plain Horsham West Sussex RH13 6LU