Page 36 - Phonebox Magazine September 2015

Mortgage Solutions Centre
Independent Mortgage Advisers
122 Milton Keynes Business Centre, Foxhunter Drive, Linford Wood, Milton Keynes, MK14 6GD
Tel: 01908 698787 • www.mortgagesolutionscentre.co.uk • Email: tim@ms-centre.co.uk
Equity Release (Life Time Mortgage)
If you are a UK homeowner aged 55 or over (youngest applicant if a couple), equity release could offer you a way to access money tied up in your home by allowing you:
• To release a tax-free lump sum to help you in retirement
• The ability to release cash when you need it
• Use the cash raised for any reason such as home improvements,
holidays, helping your children and or grandchildren the list
is endless
• No monthly mortgage repayment as the interest can be added
(rolled up) to the mortgage. Full details will be shown in the illustration upon request
Mortgage Solutions Centre’s Equity Release specialist, Timothy Daily, is based in their Milton Keynes Office and amongst his professional qualifications he holds the Chartered Insurance Institute Equity Release Qualification which allows him to give advice in this specialist market
We also specialise in arranging mortgages for clients Moving Home, First Time Buyers, Remortgaging, Buy to Let* and Commercial Mortgages*.
Mortgage Solutions Centre Ltd, Registered in England, No. 5721809. Registered Office: 64 Church End, Cambridge, CB1 3LB
We will receive commission from the lender for the majority of our mortgage services. However, in some instances we may also charge our clients a fee, which is typically between £200 and £995, depending upon the complexity of the mortgage and the amount work involved. Please contact us for a copy of our ‘About Our Services’ document which will supply you with more details on the fees payable.
Mortgage Solutions Centre Ltd is an appointed representative of In Partnership the trading name of The On-Line Partnership Limited which is authorised and regulated by the Financial Conduct Authority.
*Most forms of Buy to Let and Commercial Lending are not regulated by the Financial Conduct Authority.
These are Lifetime Mortgages or Home Reversion Schemes. To understand the features and risks, ask for a personalised illustration. It may affect your entitlement to state benefits and will reduce the value of your estate.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any debt secured on it.
Member of The Society of Will Writers
info@freshwaterwills.com www.freshwaterwills.com
Tel: 01908 698788
Why should I make a will?
A Will brings security, reassurance and above all peace of mind, not just for you but for all those who depend on you, either now or in the future.
Call us today.
Making a Will is the only way to ensure that your wishes are carried out after your death. If you have not made a valid Will, your property will pass according to the Law of Intestacy.
This may not be what you would have wished. In any event it is likely to take longer to finalise than if you had made a Will. During this time yourbeneficiariesmaynotbeableto draw any money from your estate. It can mean arguments and distress for relatives.
If you are married don’t assume ‘my other half will get everything’. Brothers and sisters or parents may have a claim. Often your children have a right to part of your estate.
If you are living together but not married you may be treated as a single
person and a surviving partner may get nothing at all. One thing you can be certain of, there will be argument and dispute at a time when the family should be coping with the loss of a loved one.
If you are a parent you should consider who would look after your children in the event of your death. This is particularly important in the case of one-parent families or unmarried parents living together.
A valid Will nominating guardians is invaluable in such cases. If no one knows what you would have wanted, the Court will decide on the future of your children and it may not be what you would have wished for. In extreme cases your children could be taken into local authority care while a decision of their future is made.
122 Milton Keynes Business Centre, Foxhunter Drive, Linford Wood, Milton Keynes. Bucks. MK14 6GD
36 Phonebox Magazine