ALBAMONEY - Equity Release Advice, SHIP Standards, Home Reversion Plans & Lifetime Mortgages

complete money solutions

Home

Equity Release

Use your home for a better retirement

More and more people in the UK are starting to use the value built up in their home to help them enjoy a better retirement. Modern equity release plans are more flexible and those backed by members of the trade body Safe Home Income Plans (SHIP) offer a guarantee that you will never owe more to the product provider than the value of your property.

Members of SHIP have to comply with a code of practice designed to protect customers.

Is it right for me?
	Usually available from age 55 years for the youngest applicant

	Up to maximum of 44% of the value of your home on a lifetime mortgage. If you or your partner have poor health a larger per centage may be available with some providers.

	You can use the money released for whatever reason you like; to give your income a boost, to pay for a special holiday, to help your children or grandchildren buy a house or pay for their education - whatever you like!

	Applications are very simple and easy to understand. You will receive advice and help from us at every stage of your application.

Call us now on 01560 483334

Equity Release Products
	Home Reversion Plans the title in your home transfers to the company that provides the reversion and you are required to give up the deeds, if your property increases in value you will only benefit from the increase on the proportion that you still hold. Income taken from your home may be taxable.

	Lifetime Mortgages on the other hand, you do not make a monthly payment, you continue to own your home and benefit from any increases in its value. Any money taken from your home is not treated as income and is not taxable.

More Information
	SHIP an independent body that lays down exacting standards for its members to deliver first class service and products for their customers

	Equity Release in Scotland is our own dedicated website that you can click onto featuring a comprehensive FAQ section where you will find most of the information you will need. www.equityreleaseinscotland.co.uk

This is a life time mortgage. To understand the features and risks, ask for a personalised illustration. Our mortgage advice is free up to the point of application, whereupon a fee is payable. Our fee will be £500 for advising on and arranging an equity release mortgage. We will also be paid a commission from the lender. ALBA Money only provides advice and arranges Lifetime Mortgages.

ALBA Money is authorised and regulated by the Financial Services Authority to advise on and arrange regulated mortgage contracts and non-investment insurance. Our FSA no is 302662 http://www.fsa.gov.uk/register/ . Licensed under the Consumer Credit Act 1974 to undertake business of credit brokerage & debt counselling. Our consumer credit licence no is: 193264.

ALBA Money 24 Main St, Stewarton, East Ayrshire KA3 5AE Tel:01560 483334 Fax:0871 288 4166