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A refreshingly clear approach to your financial planning

Equity Release Advice

We provide independent equity release advice to clients in Colchester, Essex, Suffolk, and East Anglia generally. We advise on and recommend both lifetime mortgages and home reversion plans according to our clients needs.

If you own your own home and are 55 or over, equity release could provide you with a lump sum, additional income or maybe both.

Many people have a lot of money tied up in their homes. The only problem is that property is not like cash - you can’t knock a few bricks out of a wall and spend them in the supermarket!

Equity release is a way of releasing the wealth tied up in your property without having to move.

Is it for me?

Our clients fall into two categories:

  • Clients who need the extra money to support their income.
  • Clients who want extra spending money to improve their lifestyle – for example: to improve their home, buy a boat, caravan or conservatory, or have an exotic holiday. You can even use equity release to move house if you wish.

In either case we are here to help you.

We will meet with you in the comfort of your own home and give you all the time and support you need to make the choice that is suitable for you.

 

"...The time you devoted to our case was commendable and your knowledge of different products a credit (to Arcaria)... We feel lucky to have worked with you …"

Mr & Mrs B, Norwich

 

Releasing equity from your home is a serious step and we take the greatest care to ensure that we have first explored all other options with our clients.

We also recommend that the other members of your family are either involved or kept informed of what is happening, but in the end that is up to you of course. We are always pleased to recommend and chair family meetings to discuss equity release proposals.

How does it work?Money house

There are two main ways you can release equity, a Lifetime Mortgage or a Home Reversion Plan. These are briefly described in the panels below. Neither one is better than the other. They simply suit different people with different circumstances and needs.

The released equity can be paid to you in a number of different ways:

  • a regular monthly income,
  • a lump sum,
  • a facility to release further equity as and when you like,

We will help you to work out what is best for you. Just give us a call or send us an email to get started.

Arcaria Financial Solutions Ltd is a member of the Equity Release Council.

Equity release’ includes home reversion and lifetime mortgages. To understand the features and risks, ask for a personalised illustration. Lifetime mortgages can significantly erode the remaining equity and as a result there may be no value left to pass on. Equity Release can affect eligibility to State Benefits and grants.

For advising on and arranging any type of equity release plan you can choose how we are paid We can accept commission from the lender plus a fee of £480 or you can pay entirely by a fee, usually £480 plus 1.5% of the equity released.

Call us on 01206 823953 or This email address is being protected from spambots. You need JavaScript enabled to view it. to talk over your needs initially

Lifetime Mortgage

Seniors holiday 2With a lifetime mortgage, you take out a mortgage secured on your home which does not need to be repaid until you die or go into long-term care permanently. It frees up some of the wealth you have tied up in your home and you can still continue to live there.

Because you are not repaying the interest, it rolls up. This can cause the outstanding debt to increase rapidly but your executors will never have to pay back more than the value of your home when you die - no matter how large the debt is.

Home Reversion Plan

couple palm trees benchWith a Home Reversion Plan you sell all or part of your home in return for a cash lump sum, a regular income, or both. Your home, or the part of it you sell, now belongs to someone else.

However, you are allowed to carry on living in it until you die or move out, paying either no rent or just a token amount.

Reversion plans can enable you to leave a set percentage of your home to your beneficiaries.

  • Clear Understandable Advice
  • Professional and Friendly Service
  • Fair and Transparent
    Fees

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 © 2015 Arcaria Financial Solutions Ltd.

Arcaria Financial Solutions Ltd. is authorised and regulated by the Financial Conduct Authority
Registered office: Warden House, 37 Manor Road, Colchester, Essex, CO3 3LX
Company registered in England and Wales. Registered No. 8048391

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If you wish to register a complaint, please write to or telephone Arcaria Financial Solutions Limited, 14 Westlake Crescent, Wivenhoe, Colchester, CO7 9RZ.  Tel: 01206 823953

A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 023 4 567.