Equity Release Scheme | Drawdown Lifetime Mortgage

Assessing Homes for Lifetime Mortgage Products

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Are you heading into retirement? Perhaps you have a situation where you need money and you own property? Sometimes retirees are property rich, but cash poor. In fact, this is the case with many retirees who have either retired at 65 due to employment issues or retired before the two recessions and are now suffering from a significant loss to their pension savings and investment accounts. If you are in trouble, but you own your property, then consider the interest only mortgage. You have a mainstream interest only product that is great for anyone who has yet to retire. You […]

Why is the Drawdown Lifetime Mortgage popular?

If you are looking for a flexible approach to equity release, a drawdown lifetime mortgage may be just what you are looking for. A drawdown lifetime mortgage allows you to determine when and how you will take the money received from an equity release scheme. You will be provided with a cash reserve facility from which you are allowed to make an initial withdrawal of your choice. The remaining amount is held in the reserve facility for future needs. The principle of the drawdown equity release is based upon the fact that you would only withdraw money from your cash […]