Welcome to CPB Financial Services Limited. I am a local adviser based in Chester Green, Derby but with a national client base.
With 21 years’ experience in the financial industry, I am passionate about understanding my clients needs and I pride myself on delivering innovative solutions that make a genuine difference to you.
I advise on Lifetime Mortgages as well as offering general mortgage advice.
At CPB Financial Services Limited we understand taking a Lifetime Mortgage can be a daunting prospect and seem very complicated.
If you are looking for a professional, fully qualified and local advisor to guide you through this process then get in touch today to discuss how I can help you with your requirements.
Chris Beswarick
Telephone: 07855 555164
E-Mail: [email protected]
We have no problem recommending Chris of CPB Financial Services Limited, Chris was very professional, and our application process was quick and efficient, we got our money within a few weeks! Chris explained everything thoroughly and in a way we understood. If you are thinking of taking a Lifetime Mortgage, I would suggest you contact Chris.
Trev & Ann, Derby, November 2019
Having recommended Chris to many of my clients over the past 5 years I am happy to confirm that Chris always provides excellent customer service, a great product solution and in a timely manner at the agreed cost. I have no hesitation in recommending Chris to anyone looking to take a Lifetime Mortgage and encourage you to make contact.
James – JRB Accountancy, Mansfield, August 2023
Available to homeowners aged 55 or over, CPB Financial Services Limited can find you the right option that will enable you to borrow a one-off lump sum or a more flexible plan allowing you take multiple lump sums during the lifetime of the agreement against your home. You can also explore a flexible range of repayment options should you wish, allowing you to choose whether you want to make monthly interest payments, one-off voluntary payments, or no payments at all.
The loan and interest are repaid in full, usually from the sale of your home when you (and your partner in the case of a joint lifetime mortgage) pass away or are placed into long term care.
With a lifetime mortgage you will retain ownership of your home, and your home will never be repossessed (as defined in the terms and conditions of the loan).
Equity release includes Lifetime Mortages and Home Reversion Schemes. We can advise and arrange Lifetime Mortgages and will refer to an approved specialist for Home Reversion Schemes.
This is a Lifetime Mortgage. These are only applicable to those 55 and over, and it could affect the eligibility to state means-tested benefits and the inhertance you may leave. To understand the features and risks, ask for a personalised illustration.
A lifetime mortgage (a form of equity release) allows you to release some of the equity in your property, without the need to move. They differ slightly to traditional mortgages with how much you can borrow depending on your age, health and the value of your property, rather than the amount you can afford to pay on a monthly basis.
A lifetime mortgage is becoming increasingly popular as a way to clear existing interest-only mortgages which have reached the end of their term. You may also consider using the money for other purposes, such as home improvements, to help out family or to top up your pension for an improved quality of life. Lifetime mortgages can be used for almost any legal purpose. Whatever the reason, CPB Financial Services Limited can find the right lender and plan to suit your needs.
You could be eligible for a lifetime mortgage if you are a homeowner aged over 55, you are mortgage free or even if you have an existing mortgage, your property is in the UK an worth at least £70,000, and you want to borrow at least £10,000. CPB Financial Services Limited will guide you through step by step to ensure that you meet all the eligibility criteria before making any applications.
The amount you can borrow will depend on your age, the plan you choose, the value of your home and your health and lifestyle. The amount you can borrow will also depend on whether you are applying alone or with someone else.
A lifetime mortgage is not designed to be repaid in full before you pass away. However, if your circumstances change and you wish to repay the loan in full then this maybe possible, early repayment charges will apply. Many plans offer the ability to overpay within allowed peramiters.
The people dealing with your estate will be given a reasonable length of time to repay the loan. This currently stands at 12 months. Interest will continue to accrue until the loan is repaid in full. Normally repaid by the sale of your home, this is not always necessary if there are other other means by which the funds can be raised to repay the loan.
I offer a very competitive and attractive charging structure for arranging / advising on your Lifetime Mortgage with a fixed fee of £1295.
07855 555164
[email protected]
