LIFETIME MORTGAGES

An interest only lifetime mortgage allows you to release some of the equity from your home, whilst paying the interest on a monthly basis so that the amount borrowed will not increase.

 

You could alternatively have a scheme where you have no payments to make with all interest added to the loan (which would then mean the amount owed would increase year on year) or even a scheme where you have no compulsory payments to make but can make optional penalty free payments of up to 10% per annum.

 

These unique products give you total control of your finances regardless of whether you choose to pay all, part or none of the interest on your loan.

 

RETIREMENT MORTGAGES

 

We originally started out as lifetime mortgage advisers but quickly realised that not everyone needed funds on a lifetime basis.

 

Numerous people aged over 55 have difficulty in obtaining a mortgage as their current lender may be reluctant to allow them to borrow beyond normal retirement age.

 

Many of our enquiries come from people who want an interest only mortgage to be repaid by downsizing in the future, but again have found their current lender unhelpful.

 

We have access to several High Street Building Societies that take a far more flexible and understanding approach with regards to both age and your planned retirement dates.

RIGHT TO BUY MORTGAGES

 

Berkley Vittoria has been assisting council tenants to purchase their property under The Right to Buy Scheme since 1991.

 

During that time we have helped thousands of people to become property owners by guiding them through the entire process. We can assist by initially submitting your application to the council through to arranging your mortgage, dealing with solicitors and arranging any associated insurances.

We have schemes available where you would not have to find a deposit, have no initial financial outlay and all costs could be included within the mortgage.

We also have lenders that have no upper age limits.

 

Think carefully before securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Berkley Vittoria Independent Financial Services is authorised and regulated by the Financial Conduct Authority.  Our FCA number is 150186.  The FCA does not regulate most Buy to Let mortgages.  

Registered Office:  The Stirrups, Claypit Lane, Lichfield, Staffordshire, WS14 0AQ.  Registered in England and Wales No. 2667979

 

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