Comments on: Special Low Aviva Equity Release Interest Rate

By: Compensation Calculator

Compensation Calculator — Tue, 13 Apr 2010 20:28:35 +0000

I can t describe how refreshed I am to read and reccomend your article. Its superbly composed and contains outstanding info. Keep up the great work!

By: admin

admin — Tue, 30 Mar 2010 13:44:26 +0000

Dear Chris,

Typical Lifetime Mortgage loans would double every 10 -12 years with interest rates of 6%-7%. However, for a true reflection of what would be owed you/your father should approach the lender directly. If there is a written agreement in place, the lender may provide this information to third parties.

Kind regards
The Age Partnership Team
blog@agepartnership.com
admin

By: Chris Stapleton

Chris Stapleton — Tue, 30 Mar 2010 10:54:59 +0000

I am sure you will not be able to provide exact details but….

My father Norman Stapleton of Luton post code LU3 3BZ
availed himself of Equity release on his house some years ago and was so satisfied her repeated it about 4 years ago.

I was concerned at the time of the SECOND ‘release’ the HUGE amount of repayment !! Are you able to inform me of a BALL PARK figure for the re-payment figure as it stands today.

Yours hopefully

Chris Stapleton MK43 9HD

By: Hockessin

Hockessin — Sun, 14 Mar 2010 05:47:48 +0000

Thanks a ton for this, I am greatful for the info

By: admin

admin — Mon, 05 Oct 2009 14:00:29 +0000

Hi,

You will normally be paid less than the full market value of your home – typically between 30% -60%.
The cash sum depends upon various factors including the age of the owner occupier(s), the current open market value of the property and the percentage of the property value being sold. If you would like any more information please do not hesitate to contact us.

Kind regards

The Age Partnership Team

By: M CLARKE

M CLARKE — Thu, 01 Oct 2009 11:12:55 +0000

With a Home Reversion Plan, by how much is the market value discounted and what percentage of the value can be rreleased.

By: admin

admin — Fri, 25 Sep 2009 11:35:58 +0000

Hi Charles,

Yes there will be solicitor’s fees to pay and if you are happy to use one of our panel solicitors they will charge £395 plus VAT & disbursements.

Some lenders would also charge a valuation fee and arrangement fee. However, we have access to some exclusives and preferential plans where these are not applicable.

If you would like any more information please do not hesitate to contact us.

Kind regards

The Age Partnership Team

By: Charles Henderson

Charles Henderson — Wed, 23 Sep 2009 14:08:35 +0000

Is there solicitors fees due on top of the £795. What would be the total initial cost if I were to take £15000 on equity release