Enquire & Next Steps

Enquire & Next Steps

Fish4Mortgage is located in Weston-super-Mare, Somerset & is the area’s leading Mortgage Broker with over 25 years of knowledge in the field. We specialise in many areas including re-mortgages, first time buyers, commercial mortgages, general insurance & secured loans. Explore our website to find out more information & also go ahead & use our Mortgage Calculator to see what deals are available to you.

The Process For Starting Equity Release

Equity Release schemes are only one of the ways to help self-finance long-term care. Make sure you’ve considered all the alternatives, such as selling your property to downsize to a cheaper one, or using savings to buy an annuity that will cover your care costs. Consider grants or subsidised loans if you’re raising capital for home improvements or modifications. Discussing your plans with your family can help to manage their expectations about inheritance and avoid any disputes later. They may also be able to come up with alternatives.

Attitude To Risk

There are 5 categories to risk with regards to Equity Release which you must consider to ensure the recommendation most reflects your views. You should choose one of these, or any other view, which will be discussed, documented, researched and a recommendation made that most closely reflects what you want to achieve.

Cautious

You wish to minimise the risk of eroding the equity within your property and you aim to retain a reasonable amount of this equity for your future use, whilst receiving just enough capital for your immediate needs.

Medium

You are prepared to accept some risk of eroding the equity within your property for the benefit of having sufficient capital to utilise now, whilst aiming to retain some equity.

High

You are prepared to accept the risk of faster erosion of the equity within your property for the benefit of having as much capital as possible now.

Speculative

You are prepared to accept the risk of eroding all of the equity within your property for the benefit of having as much capital as possible now.

Home Reversion

You are prepared to accept the risk that the reduction in the actual cash value of your estate as a result of your Home Reversion plan may be significant. This reduction will depend upon factors such as how long the Reversion plan lasts and the future changes in property prices. You are prepared to accept the risk of a significant reduction in inheritance that you leave to your heirs and beneficiaries.

Enquiries & Next Steps

If you have done that and would like to know more or to proceed call Fish4Mortgage on 01934 519111 or email Brian Frost at brian@fish4mortgage.com one of our Equity Release specialists who can provide you with the latest information personalised to your circumstances – all for free and with no-obligation. Our promise is to provide you with impartial free initial Equity Release advice, enabling you to decide if Equity Release is right for you. The initial meeting is free and you are under No Obligation.

Appointing a solicitor – you need to appoint your own. This is to ensure you receive completely independent legal advice about risks, rewards and obligations attaching to the Equity Release plan. They will also carry out the Conveyancing required to ensure the new Equity Release lender is able to secure a first legal charge against your property and that any existing borrowing has been (or will be) repaid. Your solicitor will not be able to tell you whether or not a particular product is suitable for you, which is our job. If you do not have a suitable solicitor who works in this area you can find one on the Equity Release Council website and we can direct you to that.

Fees

All Equity Release schemes will normally incur set up fees for setting up an Equity Release Plan in four main areas – Valuation, Application, Solicitor & Adviser charges.

Valuation/Survey Report

An independent survey and property valuation is instructed to calculate the amount being applied for is within lenders guidelines. This serves two purposes; to get a current market value based on a reasonably quick sale and to ensure the property is in good condition and represents adequate security. Should the property not be in suitable condition, the lender may insist that essential repairs be carried out, either prior to, or following completion. Valuation fees are based on the estimated value of the property.

Solicitors/Legal Fees

Equity Release Council rules stipulates the homeowners’ solicitor must be independent of the lenders solicitor. They are responsible for completing the Legal aspects on your behalf & meet Lender requirements. They will be responsible for redeeming any mortgage or secured loan on your property, usually from Equity Release proceeds. Equity Release solicitors must also witness each client face-to-face to ensure no undue influence exists. Finally, upon completion a SHIP certificate is completed acknowledging criteria has been met. Your solicitor is also important as they have control over the speed of completion. Equity Release solicitors’ panel have fees starting from £495+VAT & disbursements offering ‘no completion, no fee’. Fees can vary depending on location and amount of work in addition to standard enquiries undertaken.

Lenders Application/Arrangement Fee

Most Equity Release lenders rely on charging an application fee to cover their set-up and legal costs for arranging any lifetime mortgage. These can vary between zero and up to £995 and can come with options to either deduct the fee from the advance, or add to the loan itself. Remember, if an application fee is added to the loan, then this will also be charged interest on a compounding basis, if no repayments are made. Some Equity Release companies have specials offers where application fees have been reduced or even waived on application.

Frost Financial Services Equity Release Financial Advice Fee

Your Equity Release adviser will charge a fee starting from £1,000 for the services which is only payable upon receipt of a mortgage offer. Our Equity Release Advice Fee is necessary to meet Regulatory Costs, Maintain Service Standards, Provide your Recommendation and complete the necessary paperwork taking your Application through to Completion. We feel this is very competitive and represents excellent value for money compared to other specialists.

So for the most competitive mortgages on the market telephone us now on

01934 519 111 or freephone 0800 567 7482

or fill out the form below & one of our qualified advisers will call you back shortly.

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We would highly recommend Fish4Mortgage, in particular Brian, who went above and beyond to answer all our queries and obtain what we were hoping to achieve. Always on hand to reassure and give advice in a very professional but friendly manner, making the whole process relatively stressfree. Can't thank him enough, and will definitely deal with them again in the near future.
Julie Wingrove
Julie Wingrove
2018-07-04T16:14:03+0000
This should have been posted about two weeks ago but I’m a scatter brain!!Me and my partner Ollie were trying to buy our first home. Everywhere we went told us we were in over our heads, that we’d never have our dream home and to “aim lower” but not at the mortgage shop!!!! Tim went above and beyond to help us and supported us every step of the way! He keeps everything light hearted and he will talk to you in a way that makes it easy to understand (he doesn’t blur you with figures and terms ) Truly the nicest man and the best service! If it wasn’t for everyone at the mortgage shop we wouldn’t have our own home! We are just about to move into our home as a family and settle in and it’s all thanks to Tim.EVERYONE should be using Fish4Mortgage and if you’re not? You’re crazy!
Jordan Paige Kenny
Jordan Paige Kenny
2018-05-18T21:36:43+0000
Good evening Tim,Thank you very much for all of your help. You have been very professional and helpful at all times. When I first started the remortgage process, I had very little knowledge and understanding of what needed to be done. Every question that I asked was returned with a very quick and easy to digest response, which has made this a very smooth process for me. I look forward to working with you and your company again in the future and would have no hesitation in recommending you again.
Andrew Woodley
Andrew Woodley
2018-04-26T12:05:11+0000
We experienced an efficient and stress free process and our mortgage application was completed within 4 weeksThank you Brian for a great service.
Fiona Macinnes
Fiona Macinnes
2018-03-03T20:06:01+0000
From start to finish Tim was amazing, couldn’t do enough for us, helped us every step of the way selling our old house & buying our new one. Tim kept in contact all the way through & went above & beyond to ensure our move went through as smoothly as possible. Highly recommended !!!
Mark Bailey
Mark Bailey
2018-01-02T21:14:31+0000
A big thank you to Tim and the team didn’t think we would be where we are today but we are and I love our home so thank u very much couldn’t of done it without ur help �
Annmarie Muldoon
Annmarie Muldoon
2017-11-11T11:56:51+0000
We were looking to by our first house and went in completely blind. Everybody at fish4mortage were brilliant. But a special thanks to Tim. From start to finish everything ran so smoothly. Any issues or queries we had he was always ready on the other end of the phone and kept in contact religiously every step of the way. Highly reccomened to everybody!! 5*
Michael Woodward
Michael Woodward
2017-08-19T08:19:45+0000
My mum tried for a mortgage 7 years ago, however debts from a business made her lose the mortgage that they agreed. She then tried other places but was refused by mortgage companies. She then tried again recently, going to different mortgage brokers and banks, one person quoting 'he would eat his hat if she was given a mortgage.' 🤔😕 She then gave up and thought she would have to sell her house, to pay her ex husband out. Luckily she was recommended Fish4Mortgage, and they were the only ones to get her a mortgage. Bearing in mind she is a foster carer and had massive debts, normally they would not entertain this criteria. They were amazing and worked above and beyond on her behalf and now she can proudly say she has kept her house thanks to them. Cannot recommend enough! Needless to say... She hopes the previous man has a sumbero.Thanks to Claire and all the team, you were amazing!
Khalid Barmaki
Khalid Barmaki
2017-05-06T10:39:12+0000
For first time buyers it can be very scary, but they made sure we had the best mortgage possible and was always there for advice, would highly recommend.
Nikki Curtis
Nikki Curtis
2016-02-17T15:44:35+0000
Brian Frost
Brian Frost
2016-02-17T09:29:19+0000
For a first time buyer like myself mortgages seem daunting and complicated, however the team at fish4mortgages made it simple and stress free as well as saving me money. Couldn't recommend them enough.
Patrick Berryman
Patrick Berryman
2016-02-16T22:10:41+0000
Highly professional and very helpful ! Would recommend to anyone looking for help with mortgages !
Lizi Macbeth
Lizi Macbeth
2016-02-16T22:09:21+0000
Really friendly service !! Would highly recommend the team 🙂
Emma Fox
Emma Fox
2016-02-16T17:20:28+0000
Brian was really helpful to myself and my husband when we were trying to find a mortgage that was best suited to us. Brian is extremely knowledgeable and pointed us in all the right directions :)! We were able to relax knowing all was under control with the mortgage as it was one less thing to stress about when moving house! Definitely recommend these guys!!
Kyle Chloe
Kyle Chloe
2016-02-16T16:44:59+0000

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