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As I'm responsible for communicating with the wider public about what we do, I'm always concerned with our brand and how things will fit in. When I say brand, I mean what we stand for as a company; the way we do business, our ethos and the service we provide.

I've always been a bit nervous about the term "Equity Release", or a Lifetime Mortgage as it is also known. It conjures up images of people taking money out of their home to pay for a cruise and a new beamer. This is the kind of short termism that we have spent the last 26 years advising our clients to avoid. There have been some misconceptions arising from historical products and mis-selling. So you can see why I'd be a bit nervous...

Equity Release has not had great PR over the years but that does not mean it's not a useful tool in a financial plan. A recent Radio 4 Moneybox programme highlighted the pitfalls but also the positive benefits of Equity Release.

http://www.bbc.co.uk/programmes/b01sjhds

If you can't access this on your computer, click here to see the transcript in PDF format.

As part of our Financial Planning service we find all sorts of solutions to help our clients achieve their objectives. Sometimes Equity Release is part of that solution and we have  people on our team who have the requisite qualifications to do so.

If you have any concerns about your retirement, long term care fees or helping your family out financially please give us a call. We will listen, it might be that there is a solution to help you achieve your plans that you hadn't considered before.

 

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  • Mortgage advice

    Your home may be at risk if you do not keep up repayments on your mortage.

    To understand the features and risks of a lifetime mortgage ask for a personalised illustration.

    CHECK THAT A 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.

    There is a minimum fee for lifetime mortgage advice of £300 + VAT. The precise amount will depend on your circumstances and does not include fees payable to the product provider.

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Financial Management Bureau Ltd is a limited company registered in England and Wales. Registered office: Shenstone House, Helsington, Kendal, Cumbria LA8 8AA. Registered number: 02089786