Suppose you have borrowed money from a Bank and they want the loan returned because you have reached a certain age and you don’t have the capital to repay them. You may have the capital but if you repay them – it will create a deep feeling of worry?
Now we have found a solution for you by using equity release.
As banks don’t offer equity release it’s unlikely that they are going to be able to help you – but we can
Let us explain this to you…..
“INTEREST ONLY” MORTGAGES REACHING THE END OF THEIR TERM.
So what can you do where there is “No repayment vehicle”?
The answer? ……..Remortgage to equity release
Interest only mortgages for the over 55 years of age, no income declaration on application
Part interest only mortgage and lifetime for the over 55 years of age,
no income declaration on application – minimum payment £25.00 per month
No interest payments for your lifetime for the over 55 years of age,
no income declaration on application, no monthly payments
Loan size £10,000- £500,000 with maximum property value at £1million
NEW! For Greater London and South-East £10,000- £750,000 with a maximum property value of £4million
Free protected equity option available
(So if not using full advance then this extra protection is free but you MUST request it.)
There are 4 products available on interest payment option:
Interest Select Lite – from 55 years at 11% LTV Annual int rate 6.25% (6.08% monthly)
Interest Select – from 55 years at 14% LTV Annual int rate 6.35% (6.17% monthly)
Interest Select Plus – from 55 years at 17% LTV Annual int rate 6.65% (6.46% monthly)
Interest Select Max – from 55 years at 19% LTV Annual int rate 7.34%( 7.10% monthly)
Lump sum – from 55 years at 14% Loan To Value Annual interest rate 6.42%
ASK FOR AN ILLUSTRATION TO BE EMAILED ACROSS TO YOU AT ONCE!