Some forms of Buy to Let mortgages are not regulated by the Financial Conduct Authority
N.B. Your home maybe repossessed if you do not keep up repayments on your mortgage. Property values can fall as well as rise.
N.B. Your home maybe repossessed if you do not keep up repayments on your mortgage. Property values can fall as well as rise.
N.B. Your home maybe repossessed if you do not keep up repayments on your mortgage. Property values can fall as well as rise.
N.B. Your home maybe repossessed if you do not keep up repayments on your mortgage. Property values can fall as well as rise. There is also no guarantee that your buy-to-let property will always be occupied by a tenant.
Some forms of Buy to Let mortgages are not regulated by the Financial Conduct Authority
N.B. Your home maybe repossessed if you do not keep up repayments on your mortgage. Property values can fall as well as rise.
A lifetime mortgage is a loan secured on your home which does not need to be repaid until you die or move into long-term care. There are some lifetime mortgages which give you the option of making regular or ad hoc payments of interest.
Unlike some other types of Equity Release scheme, your home still belongs to you but you are obliged to repay the loan when certain conditions are met – death, moving into long-term care or if the terms of the mortgage are broken.
You can take a lump sum or you can withdraw funds in stages. Interest is paid on this amount on an on-going basis or the interest can be ‘rolled up’ and paid together when the loan is repaid.
The loan is repaid from the proceeds of your home when sold. If there is any surplus from the sale it would be available to your beneficiaries or estate. If the value of the property is lower than the loan and interest which as accrued it is usual to have agreed a ‘no-negative-equity’ guarantee with the lender so that you would not have to pay back the value of your home
N.B. Lifetime Mortgages are considered high-risk products. They could have significant implications when it comes to tax, benefits, inheritance and long-term financial planning.
Equity Release/Lifetime Mortgages: This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice.
The Financial Conduct Authority does not regulate tax planning or inheritance tax planning.
JLS Mortgages has extensive experience in the large loans market and understands the needs of borrowers in this area.
This can be for residential borrowing for your own home, for buy to let investment or for commercial funding. The contacts we have within the industry also have great knowledge of how these loans work.
Not all services are provided directly by JLS Mortgages Ltd and may be referred to one of our trusted partners for this advice and neither JLS Mortgages Ltd or The Right Mortgage Ltd are responsible for the advice received.
Commercial Mortgages are not regulated by the Financial Conduct Authority