Protea Financial Services
2 New Court Farm Cottages, Alfriston Road, Polegate
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)
Or use our contact form.
If you are over 55 with an outstanding interest-only mortgage, we may be able to help you pay off your mortgage with a Lifetime Mortgage.
If you are worried about an outstanding interest-only mortgage or debt in retirement and do not want to sell your house in order to repay the debt, there could be a solution for you.
Customers have been using this cash to repay existing mortgages, and to pay off credit cards and outstanding loans. Others use this cash for different reasons, including to make home improvements, go on holiday, and even to help family members get onto the property ladder. With a lifetime mortgage, the most popular type of equity release plan, there are typically no monthly repayments as the loan, plus roll-up interest, is repaid when the plan comes to an end.
With our help, you can find out if equity release is right for you. We will discuss the different types of plan available, including a lifetime mortgage, which is secured against your home. We will explain how equity release will reduce the value of your estate, and may affect your entitlement to means-tested benefits. You should always think carefully before securing a loan against your home.
We will charge a fee which would discuss and confirm to you in writing prior to any application being submitted. Equity release may involve a lifetime mortgage or a home reversion plan. To understand the features and risks, ask for a personalised illustration.
Equity release may impact the size of your estate and it could affect your entitlement to current and future means-tested benefits.
Do please contact us if you would like an initial informal chat.
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.