Mortgages

For many of us buying a house is the largest financial decision we will ever make and can also be the most stressful. However, mortgages are not always for those who want to move house. Whether buying, moving or improving your home Optima Financial will confidently guide you through the "mortgage maze".

For those who already have a mortgage we can assess whether you are paying too much for your existing loan. With the increased flexibility conferred by modern mortgage packages simply re-mortgaging your property can make substantial savings. We can advise you on the most appropriate mortgage to suit your circumstances.

Our advisors are qualified to assess whether:

You could save money on your mortgage repayments or vary the mortgage term to your financial advantage.
You could benefit from a flexible mortgage such as an offset type.
You continue to have the right mortgage for you and that it remains affordable.

** We charge a fee of 0.5% of the mortgage advance, subject to a minimum fee of £600 + VAT
** Your home may be repossessed if you do not keep up payments on your mortgage.

Equity Release

Around 75% of 60-69 year olds own their home*, with practically the whole value constituting equity.
Releasing some of the money tied up in bricks and mortar allows retired homeowners to provide for the future by making use of the value of the property in their lifetime.
The benefit of this scheme is that no repayments are necessary on the money released, the interest simply rolls up and will be paid when the property is disposed of.

Expert advice is needed to evaluate your personal requirements but we feel that for many the release of equity can be used to improve finances in retirement.

To understand the features and risks of equity release products, ask for a personalised illustration.

*The Actuarial Profession, Report on Equity Release Mechanisms, January 2001