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 […]
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 […]
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 […]
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 […]