Advice provided through Avalon FS Ltd, authorised and regulated by the Financial Conduct Authority.
Plain talking, at a pace that suits you
I'm Neil Spruce, an adviser working for Avalon FS Ltd. I help homeowners in and around Ripon work out whether equity release is right for them.
I work with clients remotely, by phone and online, so you don't need to travel to see me, wherever you live in the area.
I advise on lifetime mortgages and retirement interest-only (RIO) mortgages only. I'll explain how each works, what it costs and what the alternatives are, and if equity release isn't the right answer I'll tell you.
Avalon FS is a member of the Equity Release Council, and its standards are there to protect you.
Together we can
- Go through lifetime and retirement (RIO) mortgages in plain English
- Work out roughly how much you might be able to release
- Weigh up alternatives such as downsizing or other borrowing
- Bring your family into the discussion, if you'd like them there
- Take each step together if you decide to go ahead
Homeowners in Ripon and the area around it
I work with homeowners in:
- Ripon
- Masham
- Kirkby Malzeard
- Pateley Bridge
- Thirsk
- Boroughbridge
- Bishop Monkton
- Spofforth
Live somewhere not listed? Get in touch and we'll talk it through.
What a lender will want to know about your home
Homes in and around Ripon range from city-centre properties and period houses to newer estates and rural homes. Whatever yours is, it helps to know early what a lender is likely to ask about:
- A valuation. The lender arranges this, and it has a big influence on how much may be offered.
- Leasehold homes. Lenders have rules on how much lease must remain, so check yours at the outset.
- Older and listed properties. Some lenders have extra requirements for older buildings or restrict certain types of construction, so tell me if your home isn't a standard build.
- Land and rural homes. Extra land, outbuildings or a property that's partly used for business can affect what a lender will accept, so mention it early.
- An existing mortgage. This is normally repaid from the money released, and the calculator can allow for it.
- Independent legal advice. You'll see a solicitor before you go ahead, and I'll explain how that works.
What does the advice cost?
The first conversation is free, with no obligation. If you decide to go ahead, my fee is £895, and I'll confirm it in writing before you commit to anything.
A lifetime mortgage also carries other costs, such as interest and lender and legal fees. I'll go through each of them with you, and you can read more in the frequently asked questions.
Shall we have a chat?
Tell me a bit about your situation and I'll explain what your options could look like. There's no obligation.