We are located at:

Protea Financial Services

2 New Court Farm Cottages, Alfriston Road, Polegate

BN26 5QP

Contact us today!

If you have any queries or wish to make an appointment, please contact us:

 

+44 333 3556295 (local call rate)+44 333 3556295 (local call rate)

 

 

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News

Find out what's going on at Protea Financial Services and the industry.

Equity Release Council publishes Autumn 2022 Market Report

The Council's autumn market report 2022 has now been published.

Key findings include: 

  • Midlands and Northern regions see the biggest growth in lifetime mortgage sales to older homeowners in the last four years: Wales (40%), North-West (38%) and West Midlands (31%) lead the way, with every region of the North and Midlands seeing 26%+ growth
  • UK housing stock passes a record £7 trillion valuation as strong demand boosts prices
  • Despite taking on £100bn extra mortgage debt, property owners have gained £46,000 of equity per household since summer 2020, with 77% of the average home owned in cash
  • Just four published complaints about equity release were upheld by the Financial Ombudsman Service in H1 2022, with the Council urging anyone considering equity release to involve family in their decision where appropriate

The Financial Conduct Authority do not regulate certain types of Buy To Let / Commercial Mortgages.

All loans are subject to a credit search, valuation and in some cases status enquiries by the lender.

A Protection plan will have no cash in value at any time, and will cease at the end of the term.

If premiums are not maintained, then cover will lapse and you may not be covered if a claim is made.

The information contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

Information contained on the website does not constitute advice and decisions should not be made based solely on the information on the website. Individual advice should be sought.

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Protea Financial Services (South East) Limited is authorised and regulated by the Financial Conduct Authority, Registration number 954035, in respect of mortgage and insurance mediation activities only. Details of which can be found by visiting www.fca.gov.uk. Protea Financial Services (South East) Limited is registered in England and Wales, company number 09393797. © Jacques Pienaar.