Trading down / Retirement
A growing number of people are looking to retire early, move to the country or downsize to release capital for future generations to start their own journey.
Whilst this may seem simple, there are still a great many factors to take account of, not least because many lenders become more cautious with their lending policies when applicants are approaching retirement.
Even if you are in the position of having enough equity to purchase a smaller property outright, this may not be the best use of your equity and taking a smaller mortgage may leave you with enough funds to use that money where it is really needed.
Things To Consider
- How much can we borrow?
- How long can we take the mortgage for?
- What if I retire early?
- Do we want the security of fixed monthly payments or something more flexible?
- Can I keep our existing property and let it out?
- How do I release equity for my family?
- Have I got the right Will in place?
Luckily, help is at hand. That is where obtaining professional advice and a hand to hold throughout the whole process can address all of these questions and more.
Coreco has access to 11,000 mortgages from 90+ lenders across the UK, whether that be High Street, broker only lenders, Private Banks, Offshore lenders, small building societies or specialist loan providers. We even have access to exclusive products that are not available on the open market.
All our professional advisers are here to act for you, first and foremost, not only helping you to choose the most suitable mortgage, but guiding you through the process with ease from start to finish.
Coreco, helping you to own and protect your new home.