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Hello, I am Mike Daniels of Money Ways - Equity Release Specialist and Independent Financial Advisor. Our head office is conveniently located close to Farnborough Airport at Money Ways UK, Camp Road, Farnborough, GU14 6EN. I am an Accredited Member of The Equity Release Council and Member of the Will Writing Society. I help unlock the value of their homes by accessing the best deals available in the UK today through Equity Release.
Plan your future today for a better tomorrow - I like to keep things simple - no jargon, no false promises - just simple plain speaking quality advice and great service.
Equity Release is not right for everyone - There are Pros and Cons which we are happy to explain with a Free Initial Consultation for equity release Windsor.
For more information Call us at: 01753-466001
We take a holistic approach and are truly independent and act in your best interest of what is right for you.
Below are some Frequently Asked Questions which my clients have asked and about their concerns and myths about Equity Release and also a section on how Equity Release works and the different types of products.
The First is the LIFETIME MORTGAGE
A lifetime mortgage enables you to release a tax-free cash lump sum from the value of your home. You will continue to own your home completely and retain the right to live in it for the rest of your life.
You can choose to repay the interest each month or make no monthly payments and roll up the interest into the loan amount. The amount borrowed plus accrued interest is usually repaid from the proceeds of the sale of your property when you die or move permanently into long-term care.
It is important to note that the loan is secured against your home and a lifetime mortgage will reduce the value of your estate.
The Second is ENHANCED LIFETIME MORTGAGE
An enhanced lifetime mortgage could allow more cash to be released from your property than a standard lifetime mortgage. This is dependent on lifestyle and medical factors that are taken into consideration.
These factors include health and lifestyle issues such as weight, blood pressure, medical conditions and whether or not you smoke.
It is important to note that, like standard lifetime mortgages, the loan is secured against your home and an enhanced lifetime mortgage will reduce the value of your estate.
The Third is the HOME REVERSION PLAN
A Home Reversion Plan involves selling part or all of your home to a home reversion provider.
You receive the sale proceeds as cash, which can be paid as regular instalments or as a single lump sum.
On most home reversion plans you retain the right to stay in your property rent-free for the rest of your life.
You will receive less than the full market value of your home, because the buyer cannot re-sell the property until you die or move permanently into long-term care.
I have made the business decision not to advise on or offer this type of equity release product due to the negative impact it has.
You need to be over 55 years of age and have a property valued over £70,000
Because the amount you can borrow depends on your age, your health and house value. I prefer to give you a personal real value of what you can borrow.
Most people use it to pay off existing mortgage, pay of their debts like credit cards and loans, take a luxury vacation, Home repairs and Maintenance, Top-up their Pension, University fees and loans. Plus it's Tax Free
Yes - the house is still yours. You can sell and just repay the loan plus interest when you sell or move.
As a Member of the Equity Release Council means no matter what happens to your estate you will never owe more than the value of your home.
Fees such as legal fees, valuation fees and lender's fee can be deducted from the advanced cash you receive.
In fact Equity Release reduces your IHT as it reduces your estate's value as it is a loan against your home
You are right the interest is compounded so the debt will increase but your home has the potential to increase in value over time as well which certainly softens the blow
If you choose not pay the interest every month then it will be added to the equity release amount which means the debt will grow.
Your initial consultation is free. When you get your loan the charge is £499 irrespective of the amount borrowed. We believe compares favourably against the average fees across the market.
Over 20 years Experience
Fast Response Time
Certified IFA Member Equity Release Council
Call us at: 01753-466001
"I did not feel pressured....Very relaxed friendly approach to finance’’
Richard: I went in to Money ways to enquire about my pension options on the off chance. Mike greeted me with an air of confidence and welcoming and began to clearly explain pension types, risk levels and the choice of the whole market! It was the first time that I could say I understood the pension system, most surprising was the consultation was for free and yet I did not feel pressured to commit or hurried to move on. Very relaxed friendly approach to finance, I will never ask at my bank branch for financial advice again!!
"Caring, experience and willingness to help’’
Alfie: I went to Mike Daniels on a recommendation of a close friend. My situation is very complicated and distressing. Mike was amazing with not only his kind and caring nature but in his experience and willingness to try and resolve the issues at hand. He is full of ideas and solutions, very professional, knowledgeable and trustworthy. I will definitely continue to seek his advice and recommend his services with confidence.
"Doesn’t baffle you with jargon’’
Neville: Found Money Ways through Google search, needed advice on pensions and equity release and couldn't have found better company to deal with, Mike Daniels immediately puts you at ease, doesn't baffle you with legal jargon just gives you the facts and keeps you informed on progress. Definitely recommend to anybody looking for financial advice
"Highly recommended! "
Sylvester: I have dealt with Mike for over four years now following recommendations and have had nothing short of consistent high professional services and honest advise. Adequate time devoted to understand your requirements and enough research made to give you all the options available based on your circumstances/requirements and very sound advice on each option. Thanks for being so flexible and accommodating and above all for sourcing a better product for me. I have recommended Mike to many friends who have been very happy with services provided.
"Definitely one of the good guys"
Karen: Would highly recommend using Mike. Explains things that you can understand. He's always at the end of the phone if you have any other questions. Definitely one of the good guys.
Yvonne: Following a recommendation I went to Mike for advice (which wasn’t a straight forward case). However I found Mike to be very professional and knowledgeable; within a week we had made an application and had it accepted. I then returned to Mike for Pension advice, again he knew his stuff and got me a great deal and dealt with all the paperwork. During both processes Mike kept me updated on the progress. I will use Mike again without hesitation if I need any further financial advice. Thank you
"Michael offers a very professional service"
Stuart: Michael offers a very professional service and provided a very detailed analysis for my requirements,. I cannot recommend Money Ways highly enough.
Daniel: Fantastic service. I've returned to Mike for all my financial professional services requirements. He's extremely prompt, really jovial and offers an excellent advisory service as well. You can call him anytime for advice and if you take up his services you'll get a fantastic service from him.
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