Financial Adviser in Colchester - FAQs
Your choice of plans and questions answered
How much can I raise?
The amount of capital you can raise will depend on your own circumstances, the value of your property and your choice of financial provider.
Your Pensure personal adviser will provide you with comparative quotations from all major providers; this service is fess of charge and without obligation.
How do I find the best plan?
Choosing the scheme that is most appropriate for you can be incredibly time consuming and often confusing. Our free service includes all the research time undertaken on your behalf, and the provision of specific recommendations tailored to your persona; requirements and circumstances.
Am I Protected?
The Safe Home Income Plan, often known as SHIP is an initiative launched by some of the industry's specialist providers of equity release plans. All companies subscribing to the closely regulated SHIP code are obligated to provide a fair, simple and complete presentation of any plan they offer. Age Concern has welcomed the SHIP initiative, which in addition to ensuring that you receive all the concise information you need to make an informed decision. Most importantly, the scheme offers a number of guarantees for your ultimate security and peace of mind, including;
You will not lose your home in any circumstances
Your scheme must ensure that there is no negative equity at any time
A guarantee that you (and your partner) can stay in your property for the rest of your lives
You can move home if you choose to without incurring any penalties.
What type of plan should I choose?
Helping you reach the right decision is one of the fundamental roles of an Independent Financial Adviser. You need to decide on the amount of money you want to unlock, whether your preference is for a lump sum, a regular income, or both. You will also want to consider whether fixed, capped or variable rates of interest are best for you.
How much can I raise?
The amount of capital will vary from provider to provider. Pensure Financial Management has full access to all these financial institutions and will source and provide a portfolio of comparative quotations. We will spend the time with you to go through all the documentation, make unbiased recommendations, complete any paperwork and answer any questions. We do not charge a fee for this service.
How do you take your fee?
If you decide to proceed, most lenders will charge an arrangement fee that will be specified in any illustration provided. As Independent Financial Advisers our advice is free and without any obligation and no fees are payable until completion.