Lifetime Mortgages

Chadney Bulgin
89 Fleet Road
Fleet
Hants
GU51 3PJ
Tel: 01252 788888
Email: info@chadneybulgin.co.uk
Fax: 01252 786459

Mortgages

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Lifetime mortgages

Lifetime mortgages involve the taking out of a mortgage secured against the value of the home. There are no monthly repayments and interest is rolled up over the life of the loan and repaid upon leaving for long-term care or death, at which point the property is sold and the lender repaid. Interest can be fixed or capped. One aspect is that the loan can increase as interest is added over time to greater than the value of the property, although SHIP's member schemes offer a no-negative-equity guarantee.

Who regulates us? Chadney Bulgin, 89 Fleet Road, Fleet, Hants GU51 3PJ is authorised and regulated by the Financial Services Authority. Our FSA Register number is : 159329. Our permitted business is advising on and arranging investments, pensions, general insurances, and mortgages. You can check this on the FSA’s Register by visiting the FSA’s website www.fsa.gov.uk/register or by contacting the FSA on 0845 606 1234. What to do if you have a complaint? If you wish to register a complaint, please contact us : ... in writing Write to Chadney Bulgin, 89 Fleet Road, Fleet, Hants GU51 3PJ ... by ‘phone Telephone 01252 788888 If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service. Are we covered by the Financial Services Compensation Scheme (FSCS)? We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim. Investment Most types of investment business are covered for 100% of the first £30,000 and 90% of the next £20,000 so the maximum compensation is £48,000. Insurance Insurance advising and arranging is covered for 100% of the first £2,000 and 90% of the remainder of the claim, without any upper limit. Mortgage Mortgage advising and arranging is covered for 100% of the first £30,000 and 90% of the next £20,000, so the maximum compensation is £48,000. Home reversion schemes are not covered by the FSCS. Further information about the compensation scheme arrangements is available from the FSCS.