“A tax free income solution for your homeowner clients over 55”
At Connect, we present a compelling solution for your clients who may find themselves in a situation of having valuable assets but limited cash flow.
Our focus is on equity release—an innovative financial strategy designed for individuals aged 55 and above. This unique approach allows them to unlock cash from their property for a variety of purposes, including but not limited to:
- Paying off an existing mortgage
- Funding home improvements
- Inheritance planning
- Receiving low pensions
- Financially supporting loved ones
- Wishing to fund personal leisure
- Or more!
How does equity release work?
Your clients can raise a lump-sum of money or a regular monthly income from their property using equity release. The size of the mortgage loan they can raise is based on their age and their properties value. There are normally no monthly payments to make, therefore there is no affordability assessment. The mortgage and interest will be repaid when the homeowners pass away. The sum raised can be used however the clients wish.
Case Study : Mr and Mrs M in their early 70’s had an interest only mortgage with a term coming to an end. They had limited income from pensions and wished to remain in the current family home.
We were able to find a provider that was prepared to lend just under 50% of the property value which released enough funding to repay the existing mortgage loan as well as repay some personal debt. This reduced monthly outgoings for Mr and Mrs M by nearly £1,600 per month and meant that they were able to stay in their current home.
Why use Connect?
As well as being an award winning company, we are:
- FCA regulated.
- Have access to a wide range of equity release and later life lenders.
- Provide support from specialist advisers.
- Offer exclusive products.
- We have almost 20 years experience in the property market.
You can also view our testimonials to hear how we have helped other brokers previously.
IMPORTANT – It is worth noting that if you do not have the correct permissions or qualifications to complete an equity release case, you can use our referral services to still reap the benefits of receiving commission upon completion of your client’s requirements.
Connect’s Appointed Representatives have access to +170 lenders and a large array of support services and tools dedicated to the needs of the specialist adviser. More.
If you are a Directly Authorised Adviser or obtain your permission to trade through another Network, you can still tap into Connect’s specialist knowledge, lender relationships and exclusive products by using us to package your client’s applications for you. More.