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Category : Mortgages

An underwriter decides if approving a large purchase, issuing a loan or an insurance policy to an applicant is feasible and doesn’t put the financial institution backing the loan or insurance policy at unnecessary risk.   The company or an individual who provides underwriting services takes a financial risk for a premium, commission, spread, or …
Buying a house is the biggest financial purchase we are likely to make in our lifetime. Whether you are buying your first home or moving to accommodate a growing family, there are many things to consider. From finding the right property to securing a mortgage and all the associated financial products and making sure you …
A buy to let mortgage is a loan designed for landlords who buy property as an investment specifically for renting out. To get approved for this mortgage, you’ll need a good credit rating and decent capital (deposit). A buy-to-let mortgage is similar to a residential mortgage to some extent, but with some distinct differences. In …
underwriter
An underwriter decides if approving a large purchase, issuing a loan or an insurance policy to an applicant is feasible and doesn’t put the financial institution backing the loan or insurance policy at unnecessary risk.   The company or an individual who provides underwriting services takes a financial risk for a premium, commission, spread, or …
Why Use a Mortgage Broker? Deciding to use a mortgage broker is an important step before buying a property. Getting a mortgage comes with a lot of expenses and you may find ways to reduce costs if you get in touch with a mortgage broker. The housing market in the UK has its ups and …
Remortgaging means taking out a new mortgage on the same property and replacing your existing mortgage with this new one. The existing mortgage is paid off in full and closed, leaving you with a new deal in place You can choose to stay with your existing lender or can choose to go with a new …
A mortgage is a large loan, usually secured against a property. It’s an agreement put in place with a lender (generally a bank or a building society) in which they agree to lend you a sum of money to cover a percentage of the property value or purchase price. The amount the lender will provide …

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Because we play by the book we want to tell you that...

1. We understand equity release isn’t for everyone, and we’ll never say it’s the right option for you, that’s why we pass you onto an Expert.

2. A lifetime mortgage is a loan secured against your property. With a lifetime mortgage there are typically no monthly repayments to make as the loan, plus roll up interest, is repaid when the plan comes to an end. Usually, that’s when you, or the last remaining applicant, either passes away or moves into long-term care.

3. With a lifetime mortgage you’ll still retain full ownership of your home.

4. Equity release will reduce the value of your estate and may affect your entitlement to means tested benefits.

5. Mortgage Advice Bureau Later Life offer lifetime mortgage products from a carefully selected panel of providers.

6. Unless you decide to go ahead, Mortgage Advice Bureau Later Life’s service is completely free of charge as their fixed advice fee of £1,295 would only be payable in completion of a plan.

7. ClearKey is an independent marketing website which only acts as an introducer to companies who offer advice on various financial plans, products and services.

8. Our partners are authorised and regulated by the Financial Conduct Authority.

9. ClearKey.co.uk are not authorised to give any advice and we are not liable for any financial advice provided by or obtained through a third party.

10. Life insurance products attract terms and conditions. Price information contained within this website are for illustration purposes only. You will receive a full policy document upon application which will set out the terms, conditions and limitations of cover provided under the plan.

11. Your home may be at risk if you do not keep up repayments. Think carefully about securing debt against your home. When consolidating existing borrowing be aware that extending the term could increase the amount repaid.