Intoduction to World of Mortgages Mortgage Brokers Leicester
World of Mortgages provide unbiased advice on Leicester, Leicestershire and UK Mortgages, Remortgages, Debt Consolidation, Bridging Finance, Equity Release, Personal Insurance and Loans. We work with a large selection of UK Lenders and Personal Insurers resulting in excellent deals for our clients. World of Mortgages employ experts who deal with all types of mortgage business and we also specialise in dealing with clients who are retired or close to retirement, those who have limited or no proof of income and clients who have had difficulties in achieving the finance they require themselves direct from traditional sources. In certain circumstances we may be able to help even if your credit rating is not perfect we are the top mortgage brokers in Leicester, Leicestershire and the UK and our friendly staff will be able to help you.
Top Leicester Mortgage Brokers Specialists in mortgages Leicester
World of Mortgages Ltd is a Leicestershire based mortgage brokers dealing with full property finance loans for the Leicester, Leicestershire areas and the remainder of the UK. We operate from currently from our Head Office in South Wigston, Leicestershire where we also benefit from an Estate Agency office covering Leicestershire and the surrounding areas. We have a substantial business model which includes mortgages, equity release, short term loans and property development finance as well as offering life, critical illness and buildings and contents insurance for all clients in Leicester, Leicestershire and indeed across Great Britain. We are a whole of market Leicestershire Mortgage Company who also purchase, sell and let property covering Leicester and the surrounding areas. Our specialist advisors are here to help whether you require advice on a straight forward Leicester Estate Agency purchase or whether your needs are more complicated and you require information on different types of finance available for investment, commercial or residential property across Leicester and the UK. As we are an independent Leicestershire mortgage broker we are not tied to using any specific lenders products. This enables us to source and obtain the best products available on the market to suit our client’s needs. Our advisors are fully qualified to the required standards for all finance needs and we are directly authorised by the Financial Services Authority, enabling us to provide our clients with the correct information and services required within our busy Leicestershire mortgage office.
Whatever your situation we would like to help. Please phone World of Mortgages on 0800 169 1589 or 0116 278 2888. You could be just one phone call away from the solution to your problems.
Equity Release schemes are designed to allow people who are aged 55 or over increase their retirement income or create a lump sum by turning part of the value of their homes into usable cash and without having to move home. There are two main types of plan available – Lifetime Mortgages and Home Reversion.
Home Reversion Plans
Customers sell a share of the value of their property in exchange for a cash lump sum. If they die or go into long term care, the property is sold and the reversion provider takes its share of the sale after costs have been deducted. The remaining share is paid to the customer or their estate. A Home Reversion plan allows you to release cash from your home. You effectively sell a percentage or all of your property to a third party in exchange for a tax free lump sum. With a Home Reversion plan you will continue living in the property until you die or move home. As with Lifetime Mortgages age is a primary factor in determining the amount you will receive as is gender and the value of the property. Health issues are also a major factor as entering into a Home Reversion scheme if in poor health can be very expensive.
Equity Release schemes are designed to allow people who are aged 55 or over increase their retirement income or create a lump sum by turning part of the value of their homes into usable cash and without having to move home. There are two main types of plan available – Lifetime Mortgages and Home Reversion. With this type of Equity Release product the customer retains full ownership of the property at all times.
Equity Release Market in the UK
With a Home Reversion plan the customer sells part or all of the property in exchange for a cash lump sum. When the customer either dies or leaves the property it is sold and the Reversion provider takes its share. The balance (if any) is paid to the customer or their estate. With this type of Equity Release product the customer loses part or full ownership of the property.
World of Mortgagesis rated 10 out of 10. Based on 12 customer reviews.
World of Mortgages is authorised and regulated by the Financial Services Authority. Our FSA registration number is 430499. The FSA do not regulate certain mortgages. The advice and/or guidance contained within this site is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
We charge a fee usually 2% of the loan amount with a minimum of £2,999. Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it. The overall cost for comparison is 5% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.