CHEAP LIFE ASSURANCE

The most inexpensive type of life assurance is called term assurance. It is life assurance for an agreed amount of cover over an agreed term of years at a fixed price. For example life assurance of £100,000 over 25 years for a 30 year old would only cost about £6.00 per month and for a 40 year old only about £9.00 per month.

If you would like an estimate of the cost of life assurance for you, just call or email us. Let us know your date of birth, whether you are a smoker or non-smoker and how much life assurance you would like to have, and we can reply with an illustration from the open market within an hour or two. We do not charge for this service and, if you want us to arrange the life assurance for you, there is usually no charge by us to you as the life companies pay commission.

FIND OUT NOW HOW MUCH YOU COULD BORROW!

In case you would like to find out immediately how much you could borrow using a Lifetime Mortgage, just email us on info@sovereignfinance.org and let us have the following data:

1. Your date of birth (both dates of birth if two are involved)

2. The estimated value of the property

3. Anything unusual about the property

We will reply by email within two hours. There is no charge for this service. (Note: We have over 30 years of experience and know-how in dealing with all types of mortgages.)

SOME LIFETIME MORTGAGE EXAMPLES

One couple faced repossession of their property as they had had an interest-only mortgage and their plan for repaying it had not worked out.

They also had other debts secured on the property. They did not have adequate income to afford a standard residential remortgage and the wife was quite a bit younger than the husband which meant that they could not get a big enough lifetime mortgage to pay off all the debts with charges on the property. We were able to source a Lifetime Mortgage provider who would work on the age of the husband only and all was sorted out just in time. Another man was single and owned his property outright. His income was pretty much enough to pay the expenses as they came due, but he had no children or close family and wanted to have access to funds to be able to enjoy life a bit more. It was possible to arrange a facility with a small initial borrowing and a considerable reserve which he could call on when needed. A recent survey was done to find out for what reasons people take out Lifetime Mortgages. The major reasons were as follows: 63% used it to pay for home improvements or renovations; 57% did it to meet a shortfall in income; and 55% did it to help their family in one way or another.