Release cash & choose your interest payments
Did you know that as an Age Partnership client you can access a unique interest-only lifetime mortgage?
With this flexible plan you can unlock a tax-free lump sum of money from your home and choose to pay as little or as much of the interest each month* – it’s up to you.
There’s also a high cash release option – so you could unlock more money than you thought!
And, as with all lifetime mortgages you maintain 100% home ownership and there’s a no-negative equity guarantee.
By choosing to pay some or all of the interest you can reduce the impact it will have on the size of your estate over time. Plus, with this plan you could safeguard an inheritance at no additional cost.
The overall cost for comparison is 6.6% APR. If you choose the maximum cash release option the overall cost for comparison is 8.0% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
* The minimum monthly payments are £25 month. If the repayments are not made then any remaining
interest is rolled up and added to the initial amount unlocked from your property.
Plan availability is subject to lender’s criteria and affordability.
For more information please follow this link http://www.agepartnership.co.uk/equity-release/things-to-consider/
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