Mortgages - Surrey

Mortgages

Setting up mortgages can be a daunting process but with a financial advisor, it doesn't have to be. At Riverside Financial Services, we explain everything in as much detail as possible, making sure our customers understand their mortgage and how everything works.

With a vast amount of mortgages on offer, it can be confusing to know where to begin. This could lead to you opting for the mortgage with a low interest rate but once you take into account other elements such as booking fees and lending charges, you could end up paying more. Speak to a financial advisor today so you can find the best deal.

Residential & Buy to Let Mortgages

With access to up-to-date mortgage sourcing systems, we can provide you with the best offers available, which are most suited to your individual needs.

Lifetime Mortgages

Homeowners over the age of 55 are sometimes allowed to release equity on their home, giving you a tax free, cash sum without the monthly repayments. There is also an option for homeowners under the age of 55 to be able to remortgage their home or have an interest only mortgage.

As house prices continue to rise, more and more people are turning to lifetime mortgage schemes to help improve their lives. Benefits from this type of mortgage include:

• Improved Income
• Lower Inheritance Tax Liabilities
• Fulfilled Life Ambitions
• Home Improvements

Equity Release

If you own your own home and are age 55 or over, you may be thinking about equity release because it could provide you with a lump sum, additional income, or maybe both.

Before considering equity release you need to discuss with your IFA whether there are other ways you could meet your financial needs. You should also be aware that money from an equity release scheme can affect current or future entitlement to State benefits.

Most people will want to discuss the equity release decision with their family before going ahead. Your IFA will play a full part in this discussion so that the whole family is happy with the decision.

Equity release schemes are of two types:

• A roll up mortgage, secured against your home, which is repaid (loan + accrued interest) when the property is sold, generally when you move in to long term care, or on your death.
• Reversion, where you sell a share in the property to an investment company.

Both types of scheme allow you to stay in your home for the rest of your life, or until you move into long term care.

Making the decision to release equity in your home is a very important one which can have major long term implications for you and your family. In our view, it is essential to take independent financial advice before embarking on equity release. Our advisors are qualified by examination to offer equity release advice.

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We understand that life throws all kinds of challenges at us from time to time, that's why we are here to help you manage your finances through life's ups and downs.

When was the last time your pensions, savings and life assurance plans were reviewed? Personal circumstances are constantly changing, so it may be time to have your current plans updated, to continue looking after yours and your family's future.

• Mortgages
• Equity Release

• Wealth Management
• Pensions

• Protection

Wealth Management

We can provide you with comprehensive wealth management advice on the investment of capital and regular savings to help you make the most of your financial resources.

Pensions

If you are just starting out on your career, you will need advice and help to plan sensibly for a secure retirement, however far away that seems. Otherwise, you could be dependent on State pension provision for many years after you retire. In a world where people are living for longer and longer, it is essential to ensure that you will have the resources to sustain an enjoyable standard of living once you’ve finished work. Your IFA can help you formulate a sensible plan for tax efficient pension savings, and will be happy to assist you in understanding any pension provision your employer may be offering.

Many people have frequent job changes as their career develops, and you may end up with a bewildering collection of different types of pension scheme. At Riverside Financial Services, we can conduct a thorough review of all your existing plans and advise you whether changes are necessary to meet your objectives.

When the time for retirement draws near, we are able to explore with you all the various options for accessing the pension funds you have built up to enable you to move into retirement with confidence.

Insurance & Protection

Again, there is a wide range of choices open to you. Your IFA can help you define your needs and choose the right policy to protect against early death, loss of income, permanent disability, Inheritance Tax liabilities etc.

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