It is important for us that we are able to help you through any financial solution, with access to our working partners we believe we are well placed to do this.
A secured loan, a loan that is secured against your home, offers a great way to raise finance and provides a perfect alternative to a remortgage.
Sometimes a remortgage is not an option when looking at your finances and this gives a great alternative of releasing equity from your residential or buy to let properties.
We work with a huge panel of partners that allow us to find the cheapest lender in the market. There is a number of reasons you can borrow for including
What is equity release? Equity release allows you to draw equity from your home in the way of a cash lump sum.
There are two types of equity release; a lifetime mortgage and a home reversion plan. These funds can be used for a number of reasons including maintaining a certain lifestyle in to retirement or helping your children get on the property ladder.
We will only advise equity release in as a last resort once all other avenues have been exhausted as it is a life time commitment.
With a lifetime mortgage, you borrow a proportion of your home's value. Interest is charged on the amount but nothing usually has to be paid back until you die or sell your home. The interest is compounded or 'rolled up' over the period of the loan.
With a home reversion scheme, you usually sell a share of your property to the provider for less than the market value. You have the right to stay in your home for the rest of your life if you wish. When you die or move into long-term care and the property is sold, the provider gets the same share of whatever your home sells for as repayment.
For example, if you sold 50% of your property to the provider, it would get 50% of the sale price. You can take out some lifetime mortgages from the age of 55, but home reversions are available only to people aged 65 or older.
Things to think about:
Due to our expertise at Mesa Financial Consultants we have a heightened knowledge of the SME market.
Through relationships created with lenders we are able to offer our clients a way of financing business ventures through secured and unsecured lending.
The majority of our client base is already self-employed so we understand the need for access to finance when trying to grow a business. Whether it be invoice finance you are after or you are looking to raise funds against certain assets, Mesa Financial Consultants can help.