Celtic Financial are experienced and qualified equity release specialists, which means we can provide you with independent financial advice on the best way to release equity from your home if that is a suitable option. We can help ensure you get the best possible value from releasing equity, whilst ensuring you understand the risks and the steps involved.
We are proud to have a reputation based on recommendations from our clients and always ensure we put your goals and objectives first, even if that means doing nothing.
Robert Lewis is one of our equity release advisers and is also a qualified ‘later life’ financial planning specialist. He can draw upon significant experience, including in his role as a director trustee of NEWCIS, the largest carers support charity in Wales.
why choose us
Whole of Market
Because we are independent we can ensure we find you the best deal from a wide range of lenders available to the intermediary market. Rates and deals can vary significantly between providers.
Equity Release Club
Celtic Financial are members of the Equity Release Club, which helps ensure we operate in certain ways which we believe gives our clients further peace of mind.
Free Initial Meeting
It costs nothing to have an initial meeting with one of our equity release experts to discuss the options available and any associated costs. Book your free meeting
Equity release refers to a range of products letting you access the equity (cash) tied up in your home if you are over the age of 55. You can take the money you release as a lump sum, in several smaller amounts or as a combination of both.
There are two equity release options:
- Lifetime mortgage: you take out a mortgage secured on your property (provided it is your main residence) while retaining ownership. You can choose to ring-fence some of the value of your property as an inheritance for your family, and 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 when you move into long-term care.
- Home reversion: you sell part or all of your home to a home reversion provider 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 have to agree to maintain and insure it. You can ring-fence a percentage of your property for later use, possibly for inheritance. The percentage you retain will always remain the same regardless of the change in property values, unless you decide to 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.
Celtic Financial Independent Equity Release advisers based in Mold, North Wales. Call to arrange a free initial meeting.