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Equity Release

Ever been in the position where you could really do with some extra cash but have all of it tied up in assets? If you’re over 55 we can help with this. Maybe you finally have the time to take that trip of a lifetime you’ve always dreamed of? Or maybe you want to help your grandchildren onto the property ladder themselves? Whatever you need the money for, we can help release the cash tied up in your property to enable you to live your best life.

At B&G we will guide you through the gauntlet of equity release options making you fully aware of what’s available and what would best suit your personal circumstances.

Making you feel comfortable that your home remains secure whilst releasing equity is why we’re here.

Our main offerings are listed below but if you’re interested in other products such as home reversion get in touch and we will help where we can.

Equity release is becoming a hugely popular option with our over 55 clients. Make sure you don’t miss out on freeing up cash to live your best life! Contact us today to find out more about these exciting opportunities.

Interest Only Lifetime Mortgage
These mortgages combine the features of interest only mortgages with lifetime mortgages making them a good option if you’re looking for a lump sum or regular income, but also have the capacity to pay a little back on a regular basis.

At B&G we understand how important it is to you to know what is available and explore all of your options before making a decision with our guidance and expertise.
Drawdown Lifetime Mortgage
If you want the flexibility of being able to cash from your home as and when you like then this type of equity release plan might be the one for you. It’s more flexible than a lifetime mortgage as you have the option to release your cash over time. It can often be the most cost effective option as you only pay interest on the cash you’ve taken which tends to grow at a slower pace.

At B&G we take the time to understand your lifestyle, objectives and dependencies so that we can present the most appropriate option for you.
Roll Up Lifetime Mortgage
Similar to the interest only lifetime mortgage in that you can access a lump sum or regular income from the loan taken out. The difference being that you don't have to pay back the interest. This is simply accrued and added to the total amount to be repaid to the provider when the property is sold.

At B&G we will work with you to fully assess your circumstances providing expert advice to ascertain the right solution for both you and your loved ones.
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The Small Print

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.

A fee of £995 is payable on completion for our service in relation to Lifetime Mortgage contracts. We will be paid commission by the lender; the amount of the commission due to be paid is available upon request and will be disclosed via the mortgage illustration.

We do not offer advice on home reversion schemes.

Black and Gold are a member of the Equity Release Council, the industry body for the UK equity release sector; representing the providers, qualified financial advisers, solicitors, intermediaries.

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