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Coffee with Claire from Wiser Property Solutions

Andrew Clothier web-meets Claire Cowley from Wiser Propery Solutions Ltd. “So… here is my ‘Coffee With Claire’ this week where I was joined by Andrew Clothier from Regents Court FinancialWe discussed buy to let mortgages, with many topics that would be interesting, particularly for the new buy to let investor.We talked about the difference between using an independent financial advisor and going to your local bank, we talked about what a stress test is and if you need to own …

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Is Equity Release right for you?

Lots of homeowners are accessing tax free cash from their homes, so you may be wondering if it’s right for you. For many, this is a very attractive option to fund that special purchase or home improvement.  Firstly, you need to be over 55. It’s a type of loan, for example a Lifetime Mortgage. You can get up to 60% of your property’s value. Typical interest rates are between 3% and 7%. There will be other fees, like other mortgages. …

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Do you pay tax on equity release?

Short answer: No. Equity Release Plans (also known as Lifetime Mortgages) are not liable for tax. Longer answer: Lifetime Mortgages do not attract tax because they are a type of (long-term) loan. However, you might take a lump sum equity release plan and place it in a savings account. As a result of this, you will accue interest. This interest could attract tax, if it exceeds your Personal Savings Allowance. If you reach your Personal Savings Allowance limit, you can protect …

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Regents Court awarded top marks in Mystery Shopping Exercise!

When “Financial Adviser” newspaper decided to test a sample of four mortgage firms in the Wolverhampton area, they picked Regents Court as one of the (unwitting) participants and awarded us the top mark! The National newspaper selected three independent companies and one Building Society, then rang each organisation, posing as a new client looking for advice. They awarded marks according to Telephone manner Relevant qualifications Payment method Guidance provided Email/web presence Knowledge We scored 31/35, the highest mark, the lowest …

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