| If
you have a question about your particular case, call us on 0800
0838 039 or email info@time4care.co.uk.
Click on any of the questions below to reveal a full explanation.
- Can you give me an example of the
type of advice you would provide to me as a member regarding,
say, a stairlift?
- What if I do not need to borrow
any money, but still want you to handle the sale of my property?
- I hold an Enduring Power of Attorney
for my Father, can you help me on my Father’s behalf?
- Can I just get a lump sum rather
than monthly income?
- What limit do you put on a loan
– that is, what percentage of the property’s value?
- I want to move at once, before
my house is sold. What are my options?
- I don’t want to borrow all
of the money now, but in stages over the next few years. Can you
help?
- What interest will you charge?
- What happens if I don’t draw
any money in one particular year?
- Should I be fortunate enough to,
say, have a win on the Premium Bonds can I repay the loan?
- What does the £295 arrangement
fee cover?
- Can I add this fee to my loan?
- Can I move home once I have a loan
with you?
The answers to the following questions have been supplied by our
colleagues at nhfa.
- Can
you give me any guidance on how to choose a care home?
- What
state assistance is available for long term care?
Can you give me an example of the type of
advice you would provide to me as a member regarding, say, a stairlift?
You have probably heard of Stannah Stairlifts – a well known,
quality stairlift manufacturer. However, there are many others with
numerous options and choices. You may also wish to consider a reconditioned
stairlift, as these are considerably cheaper than buying new. We
can provide information on a number of providers and, once you have
made your choice, help with funding the purchase if required.
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What if I do not need to borrow any money,
but still want you to handle the sale of my property?
We are perfectly happy to professionally manage the sale of your
property, whether or not you decide to take advantage of the advanced
proceeds option. We can demonstrate that our service provides real
financial advantages for you.
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I hold an Enduring Power of Attorney for my
Father, can you help me on my Father’s behalf?
Yes, regardless of whether the Power has been registered at the
Court of Protection or not.
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Can I just get a lump sum rather than monthly
income?
Yes, you can have a lump sum, monthly income or a mixture of the
two. Any funds that you do draw can be repaid at any time without
penalty.
This is a lifetime mortgage. To understand the features and risks,
ask for a personalised illustration.
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What limit do you put on a loan – that
is, what percentage of the property’s value?
This will be dependent upon your age and whether you wish to have
access to further funds in the future. Please call us to discuss.
This is a lifetime mortgage. To understand the features and risks,
ask for a personalised illustration.
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I want to move at once, before my house is
sold. What are my options?
If you are moving to a smaller property then we are able to advance
monies in anticipation of the sales proceeds of your existing home
to enable you to move now. If you are moving into care, then we
can advance monies to either pay for care or to purchase an immediate
care plan whilst we sell your property on your behalf.
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I don’t want to borrow all of the money
now, but in stages over the next few years. Can you help?
Yes, we will tailor any facility to your exact requirements. You
will, of course, only pay interest on any money actually drawn.
This is a lifetime mortgage. To understand the features and risks,
ask for a personalised illustration.
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What interest will you charge?
The figure is calculated daily, which is the cheapest way for you.
Interest will be charged at 2.75% above base rate.
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What happens if I don’t draw any money
in one particular year?
Your available cash is carried over into the next or subsequent
years and is available to you whenever you want it.
This is a lifetime mortgage. To understand the features and risks,
ask for a personalised illustration.
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Should I be fortunate enough to, say, have
a win on the Premium Bonds can I repay the loan?
You may repay your loan, in full or in part, at any time without
penalty.
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What does the £295 arrangement fee cover?
It covers the cost of the preparation of your individual time4care
plan and our legal costs associated with your enrolment.
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Can I add this fee to my loan?
Yes. Any fee, except for the initial £75 joining fee, can
be added to your facility.
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Can I move home once I have a loan with you?
Yes, you remain in full ownership and control of your property.
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Authorised and
regulated by the Financial Services Authority
for lending on and administering regulated mortgage contracts
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