Simmonds Mortgages

Mortgage Brokers covering Berkshire and beyond

Call: 01344 225 149 or 07979 690 056

Managing Debt In Retirement

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At the end of 2019, later life lending was expected to reach £295 billion and to rise to £548 billion by 2029, an increase of 85% over the decade.

Rapid Growth Area

This type of lending is growing rapidly due to factors such as rising house prices, buying property later in life, an ageing population and an increased acceptance of using unsecured debts in retirement.

Ongoing Debt Takes Its Toll

More of us are now entering retirement on fixed incomes, with ongoing debts to pay. One option that could help you with unexpected expenses or enhance your entirment years is an Equity Release scheme. Equity Release products are designed for those 55 and over to take cash value from their homes without having to move, offering a source of income.

Please get in touch with us for our expert advice and see whether an Equity Release scheme could help you and your circumstances.

 

A lifetime mortgage is a long-term commitment which could accumulate interest and is secured against your home. Equity release is not right for everyone and may reduce the value of your estate. 

 

We can help you!

If you would like more information or help with your mortgage please call us on 01344 225 149 or 07979 690 056. Alternatively please send us an email at info@simmondsmortgage.co.uk

 

Your home may be repossessed if you do not keep up repayments on your mortgage

 

 

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Simmonds Mortgage Services is an appointed representative of Stonebridge Mortgage Solutions Ltd and can source the most appropriate cover from its panel of insurers with a free review of you overall protection and insurance needs. As with all insurance policies, conditions and exclusions will apply.

 

What our Customers Say...

Your home may be repossessed if you do not keep up repayments on your mortgage.

Simmonds Mortgage Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority.

Registered Office: Simmonds Mortgage Services Ltd, Lexham House, Forest Road, Binfield, Berkshire, RG42 4HP. Registered Company Number: 1152 8784 Registered in England & Wales.

There may be a fee for arranging a Mortgage and the precise amount will depend on your circumstances. This will typically be £399.00 paid once the mortgage offer has been confirmed.

There may be a fee for arranging an Equity Release or Lifetime Mortgage and the precise amount will depend on your circumstances. This will typically be £799.00 and is due on completion of the mortgage.

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