Mortgage Services

JERROMS MORTGAGE & FINANCE

Mortgage services

Equity release

This allows you to access the equity tied up in your home if you’re over 55, to offer a more comfortable retirement. The money can be taken as a lump sum or in several smaller amounts, or a combination of both.

There are two main types: lifetime mortgages allow you to borrow money against your home, while home reversion plans allow you to sell shares in your home.

Lifetime mortgages

A mortgage is secured on your main residence, which you retain ownership of. An amount can be ringfenced for family inheritance and you can choose to make repayments or let the interest roll-up. The loan amount and any accrued interest is paid back when you die or move into long-term care.

Note: this is a loan secured against your home. To understand the features and risks please request a personalised illustration.

Home reversion plans

A home reversion provider buys all or part of your home in return for a lump sum or regular payments. You have the right to continue living in the property until you die, rent free, but you must maintain and insure it. An amount can be ringfenced for later use or inheritance and the percentage you retain will always remain the same regardless of the change in property values, unless you take further cash releases. At the end of the plan your property is sold, and the sale proceeds are shared according to the remaining proportions of ownership

To understand the features and risks of home reversion plans please request a personalised illustration.


Loan protection and insurance

We can source competitive and suitable cover for your personal circumstances, including life assurance, critical illness and income protection cover.

No-one likes to think about themselves or a loved one dying or being unable to work due to illness or injury, but a quick conversation to discuss your needs can result in a lot of peace of mind, if the unthinkable should ever happen.

Home and contents insurance

We can arrange a quote for building and contents insurance.

Get In Touch

Please get in touch if you want to talk more about how we can help you.
We offer an initial consultation free of charge which gives us the chance to meet and discuss your needs, with no obligation.

Mortgage Brokers & Commercial Finance Advisors based in Solihull

Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH

0121 743 1644

Jerroms Mortgage and Finance Limited.
Company number: 11459888.
Registered office is: Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH.
Authorised and regulated by the Financial Conduct Authority no. 829252