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Rachel Johnson
Director
I’m Rachel Johnson, and I’ve been part of the financial industry since I was 17. Over the years, I’ve built a strong foundation of knowledge and experience, becoming a qualified adviser in January 2019.
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Jennie Melville
Director
With over 25 years of experience in financial services, I’ve dedicated my career to helping people make confident financial decisions and achieve their property goals.
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Dan Moore
Director
With over 20 years of experience in the property and financial services industry, I’ve built a career that blends my passion for people, property, and professional growth.
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Vaishali Sharan
Mortgage and protection adviser
With nearly 20 years of experience as a fully Qualified Accountant (CIMA), I, Vaishali Saran, bring a unique and analytical financial expertise to my role as a Mortgage Adviser.
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Sat Singh
Mortgage and protection advise
I am a Mortgage and Protection Adviser with experience supporting first-time buyers, remortgages, Buy-to-Let, and Right to Buy clients.
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Nico Dowsell
Mortgage and protection adviser
Hi, I'm Nico, a mortgage and protection adviser offering a bespoke service designed to help clients find the best available product for their individual circumstances.
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How does it work?
Similar advantages and disadvantages as a regular lifetime mortgage, with additional issues that are unique to this kind of equity release scheme. The main difference is that you don't request the full sum of money available to you immediately. Instead, you decide on a maximum amount of equity you want to release, and 'drawdown' the cash in stages as and when required.
Flexible Access to Your Home Equity.
A Drawdown Lifetime Mortgage allows you to release equity in stages rather than all at once. You set a maximum amount to access and draw cash as needed, while retaining ownership of your home and paying interest only on the funds released.
ADVANTAGES
- You are in control of your money as you can release cash when it suits you, or you may be able to request a monthly income with no monthly payments to make
- You retain full ownership of your home
- You only pay interest on the amount of equity released from your home, so interest could accumulate more slowly than with a regular lifetime mortgage
- Drawdown Lifetime Mortgage plans may be available to younger people (aged 55+)
- Some Drawdown Lifetime Mortgage plans let you guarantee an inheritance for your family
Plan Your Cash Needs with Control and Flexibility.
Drawdown plans let you access money when it suits you, pay interest only on what you use, and in some cases guarantee an inheritance. You may also be eligible at a younger age than with a standard lifetime mortgage.
DISADVANTAGES
- Interest rates are usually higher than on a standard lifetime mortgage
- Reduced amount available to leave as an inheritance
- Interest grows quickly as it is compounded
- If you want to increase the amount of equity released beyond the original amount agreed, you would normally have to apply for a further advance, which is not guaranteed
- If you repay the lifetime mortgage loan early, you may have to pay an early repayment charge
- Your tax position and certain state benefits may be affected
Get in touch
Reach out and let's start a conversation.
Warning Text
EQUITY RELEASE (INCLUDING LIFETIME MORTGAGES AND HOME REVERSION PLANS) WILL REDUCE THE VALUE OF YOUR ESTATE AND CAN AFFECT YOUR ELIGIBILITY FOR MEANS TESTED BENEFITS.
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