We provide regulated advice to clients on the Lifetime Mortgage area of equity release.

A Lifetime Mortgage allows an individual to release cash from their property, in one lump sum or in several tranches over time by starting a mortgage where the interest is rolled up into the property rather than being paid by the client on a monthly basis.

This is a specialist area of advice where the services of a qualified equity release practitioner are essential. The legal aspects of the transaction and the legacy for future generations must be accurately covered.

Our equity release clients typically want:

Income – clients whose focus is on enhancing their income in retirement either because of a shortfall in pension income, increased living costs or dependent children.

Capital – clients whose focus is on enhancing their lifestyle in retirement. They want capital to make cash purchases such as overseas property or cars.

Tax Planning – clients whose focus is on wealth preservation. They are often asset rich and cash poor with a large amount of equity. We focus on the use of equity release as a strategy to mitigate Inheritance Tax.

More broadly, Oval Financial Services can also provide advice to the client regarding what they do with the equity once it has been released.