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Lighthouse Platinum

Our Service and Fees

The service we provide encompasses four main steps:

Meetings and factfind- the most important part of our process. Ensuring we have sufficient information and understanding of the wants and needs of the people we meet is of paramount importance.

We encourage you to engage with your family if you’re thinking about Equity Release as using it can effect estate planning, and welcome them to meetings with you.

Research. We are independent and whole of market meaning we have access to all providers of Equity Release, and our research will consider all of them. We will always show you our research and the various options and features of Equity Release that might be available.
Recommendation.
Having carefully considered your situation and products from the whole of the market, we provide you with a written recommendation before you make your decision. 

 

Application to completion.
When you’re completely satisfied with our recommendation I submit the application to the Equity Release provider. This is usually completed on-line, and the process will include a home valuation from the lenders recommended surveyor and a credit check.

When underwriting is complete and all criteria of the lender have been met, the offer document will be produced and sent to you, me and your Solicitor to check everything is in order. At this point you’ll need to see your chosen Solicitor to accept and sign the offer. A date is then set for completion and for the funds to be released by the provider.

Our fee to implement an Equity Release application on your behalf is £750. £500 of this is payable at the point of application to the recommended lender, the remainder is payable on release of funds from the lender. This is a fixed fee with no VAT added. Following completion we will be paid a commission by the lender.

You will also likely need to pay your chosen Solicitor for their role in the process, and any fees payable to the provider will be communicated to you at the recommendation stage, including a personalised illustration of our recommendation. Lender fees may include an application fee, valuation or completion fee.

If we don’t think Equity Release is right for you, we will tell you- but if it is for you, our qualified advisor Mike Hodgetts will recommend the most suitable solution from the whole of the market.  

For clear, concise equity release advice please call me: Michael Hodgetts on 01473 730999. The initial consultation is always free.

We are proud to be part of Lighthouse Platinum Wealth Management Ltd Founded in 2001, Lighthouse Platinum Wealth Management Ltd is a family-owned business based in Ipswich Suffolk, striving for long-term client relationships based on providing the best independent financial advice. Our recommendations draw from the whole of the market and we are committed to treating our clients fairly. Since 2009 we have a sister company, Kerseys Wealth Management Ltd that serves as the in-house IFA for Kerseys Solicitors clients and staff. For Truly independent financial advice please click here

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Lighthouse Platinum Wealth Management

4 Constable Court
The Street
Belstead
Ipswich IP8 3LY
Tel. 01473 730999

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Lighthouse Platinum Wealth Management
- all rights reserved

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