Lifetime Mortgage Interest Rate Drop
Just Retirement has reduced the interest rate on their lifetime mortgage, which could save you thousands of pounds. Age Partnership customers can make the most of this preferential plan, which could also give you a £450 cash bonus when making the most of this lifetime mortgage.
Homeowners considering an equity release scheme like a lifetime mortgage will be buoyed by this preferential offer especially as house prices continue to rise.
A Lifetime Mortgage with a Low Fixed Interest Rate for Life
This lifetime mortgage from Just Retirement offers customers a low interest rate; the overall cost for comparison is 6.8% APR. The low interest rate is also fixed for life so you can plan without the worry of fluctuating interest rates.
You can also choose whether to release the equity from this lifetime mortgage in a lump sum or through regular payments as and when you need them.
Additionally, with this lifetime mortgage plan you could be entitled to £450 cash on completion.
Get Free, Impartial Advice About This Lifetime Mortgage Plan
If you are considering a lifetime mortgage then why not contact Age Partnership for free, impartial advice. We provide thorough, specialist advice and search the whole equity release market on your behalf to find the best plan for you.
For no-obligation advice on whether equity release could help you and information on the best plans please call our 24 hour helpline and speak to one of our advisors:
Or use the comments box below to ask a question.
Equity Release may involve a Lifetime Mortgage or Home Reversion Plan. To understand the features and risks ask for a personalised illustration.
Age Partnership provides initial advice at no cost and without obligation. Only if you choose to proceed and your equity release case completes would a typical fee of 1.5% of the amount released or £795 be payable.
Important things to consider about equity release:
- Equity release could affect your current or future entitlement to means-tested benefits
- Releasing equity to spend in your lifetime can reduce the amount that is left in your estate when you pass away
Related posts:
I own an equestrian business. I need to borrow £20,00 against the property to do necessary renovations and to build up the business
[Reply]
admin Reply:
January 27th, 2010 at 1:33 pm
Hi
In general, any form of commercial activity at a property where clients visit the premises will exclude it from equity release. The only exception that would regularly come up is if one room of a house is used as an office for a business but no client’s visit. However, some advisors more recently have been able to place cases where bed and breakfast is provided but these are on a case by case basis.
For more information or for one of our fully-qualified advisors please feel free to contact us either by telephone on freephone 08080 10 10 10, or via our website http://www.agepartnership.co.uk by requesting a callback.
Kind regards
The Age Partnership Team
blog@agepartnership.com
admin
[Reply]
jackie tye
25 Jan 10 at 7:20 pm