Drawdown Lifetime Mortgage News

Which Equity Release From Stonehaven is Best For You?

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Stonehaven equity releases are naturally innovative and are currently offering two different kinds of lifetime mortgage alternatives to choose from. Which equity release is better for you is something you will need to answer. Stonehaven offers you the opportunity to select what is best for your current situation and it might be either a roll up equity release or an interest only lifetime mortgage. Additionally, they are offering very competitive interest rates compared to many providers in the equity release market at the moment.

If you are still wondering which equity release is best for you, consider Stonehaven’s principle […]

Purchasing Insurance is One of the Best Ways to Use Capital From Drawdown Equity Release Schemes

Equity release is a secured loan obtained against a property like any other residential mortgage; however, the main difference is that you are not required to make any monthly repayments of the capital loan sum. Security of tenure is therefore an important consideration for any applicant. This reassurance is provided by the industry trade body known as SHIP or the Safe Home Income Plans. You have multiple options with equity release such as drawdown equity release, lifetime mortgage, interest only lifetime mortgage, enhanced lifetime mortgage and home reversion.

The lifetime mortgage is one of the most common equity release schemes […]

How Much of a Lifetime Mortgage Can I Borrow?

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Conventional mortgages are available through a great number of high street banks and other financial institutions. They have basic qualification criteria including income levels and property value to loan ratios, which enable people to borrow money in exchange for a part ownership of the property. The question of “how much can I borrow?” Is usually a matter of multiplying your annual salary by a set number of times to determine the maximum amount. The loan is repaid over a set number of months or years on a capital repayment or interest only basis.  This arrangement is confirmed between the lender […]

Use an Enhanced Equity Release Calculator

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For many retired people, being on a fixed income can be a little difficult especially in tough economic times, with quantitative easing and high rates of inflation. This situation can be made more stressful when you are suffering from ill health or a terminal illness. However, there are now a number of equity release providers who offer enhanced schemes for people in this situation. This allows the home owner to release a greater percentage of the equity from their home because their potential lifespan has been compromised by their impaired condition. An enhanced equity release calculator can assess the details […]