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Equity Release &
Later Life Mortgages
Retirement Interest
Only Mortgages
Repayment Mortgages
beyond age 65
Interest Only Mortgages
beyond age 65
Inheritance Tax
Planning

Our Team


At Mortgage Marketplace we have created a service specifically aimed at achieving the right outcome for our clients. We will take your individual needs and advise on the best mortgage solutions for you and your family.

You will have a dedicated Adviser and our easy to access Client Portal means you can track the progress of your mortgage application 24/7. You may be a first-time buyer, home mover, buy-to-let landlord or if you have reached the age of 55, you may be looking for advice on equity release mortgages. No matter what your circumstances, we will help.

 

Kevin Spear

Managing Director

Kevin Spear

Hi, my name is Kevin Spear - I am the MD at Mortgage...  see more

Tanya Angelova

Financial Director

My name is Tanya. My professional background has...  see more

Tracey Williams

Assistant to the Director

Hi, my name is Tracey. I have worked within the...  see more

David Atkinson

Mortgage and Equity Release Adviser

Hi, I'm Dave. You might be buying your first, new or...  see more

Harry White

Mortgage and Equity Release Adviser

Hi, I'm Harry. I have 8 years' experience in financial...  see more

Darryl Workman

Mortgage and Equity Release Adviser

Hi, I'm Darryl. I have worked in the financial services...  see more

Liam Spear

Business Development and Marketing Consultant

Hi, I'm Liam. I develop solutions to the business' software...  see more

Tim Spencer

Equity Release, Mortgage and Protection Adviser

Hello! My name is Tim - I was the first Mortgage and...  see more

Olga Holden

Compliance Officer

Hi, I'm Olga. I have worked in the finance sector for...  see more

Naseem Akhtar

Mortgage Administrator

Hi, my name is Naseem. I have worked in the financial...  see more

Why use Equity Release Marketplace?

Frequently Asked Questions


How does it work? What does an Equity Release Specialist do?
Initially, our Specialists will provide you with research based on your current requirements and situation. This is without obligation on your part – that’s just how we do it.

If you find what we have sent of interest and wish to go forward, we will make a thorough assessment of your needs and recommend an appropriate lender and mortgage product for you. We will then approach that lender on your behalf, to gain a decision in principle and an indication of their willingness to lend.

We then manage your application through to completion, keeping you in the loop throughout.
Are you whole of market? Independent? What does this mean?
We are a completely independent and whole of market Mortgage and Equity Release Brokers.

This means that we are not tied to any lender or third party, and we have access to the whole mortgage marketplace, allowing us to ensure we get you the right deal.
What are your qualifications?

All Equity Release Marketplace advisers hold a Certificate in Regulated Equity Release (CeRER) enabling them to advise on the specialist area of Equity Release. All our Mortgage Advisers also hold a Certificate in Mortgage Advice and Practice (CeMAP).

How much will it cost?
We believe in being competitive and transparent on fees.

A fee of £395 is payable on application submission to the lender and a further £995 payable on completion.

We will also be paid commission from the company that lends you money. This is how most Equity Release Specialists operate.

You will receive a key facts illustration when considering a particular Equity Release product, which will tell you about any fees relating to it.
What are the risks of Equity Release?

Our experts will advise you on the risks and benefits, but below is a summary.

  • Equity Release reduces the value of your estate and the amount that will go to the people named as beneficiaries in your will. Your estate is everything you own, including money, property, possessions and investments.
  • With a home reversion plan, the reversion company owns all or a part-share of your home.
  • Getting a lump sum or taking extra cash to supplement your income may reduce your entitlement to means-tested benefits, now or in the future.
  • If you get care at home funded fully or partially by the local council, they may start charging you or ask you to pay more.
Who can get Equity Release?

There are certain conditions you must meet before being able to take out Equity Release:

  • For a lifetime mortgage you (or both of you, if you’re borrowing jointly) need to be at least 55 years old.
  • You must own property in the UK, which must be your main residence. If you have a buy-to-let property you can release equity with a buy-to-let mortgage even if you have retired.
  • Your property must be in reasonable condition and over a certain value, and there may also be restrictions on the type of property accepted.
  • If you have a mortgage or secured loan on your property you may still qualify for Equity Release, but it will depend on the value of your home and the amount outstanding on the existing mortgage or loan. You'll have to pay off any outstanding mortgages or loans secured against your home at the same time as taking Equity Release.
  • Equity Release may not be suitable if you have dependants living with you. Any dependants should take separate legal advice. If they wish to remain living with you in the property, they may need to sign a waiver confirming that they understand they don’t have the right to reside there if you die or move into permanent residential care.

Speak to an expert

Speak to an equity release expert

Contact us on 0800 170 7472 or make an enquiry

The Equity Release Marketplace