Save Money with LV=’s Preferential Lifetime Mortgage
LV= are giving Age Partnership customers, considering an equity release scheme, the chance to save a little bit on the setting up costs with their preferential lifetime mortgage.
All homeowners considering an equity release scheme and whose property is under £500,000 can make the most of LV=’s free house valuation. LV= are one of the most trusted services in the financial industry and they are now offering to help Age Partnership customers with this offer of a free house valuation.
Fixed, Low Interest Rate Lifetime Mortgage
The offer of a free valuation as part of this preferential lifetime mortgage could save you hundreds of pounds. As well as this you will also benefit from a low fixed interest rate with this lifetime mortgage. The overall cost for comparison is 6.8% APR.
One of the many benefits of a lifetime mortgage is the guarantee of no negative equity. This means that you continue to own 100% of your property so that you can benefit from any increases in the market. Additionally, if house prices fall you will never owe more than your property is worth.
This forms part of the code of conduct that comes with being a part of Safe Home Income Plans (SHIP).
Search Equity Release Schemes from the Whole Market
If this lifetime mortgage isn’t right for you then Age Partnership will search the whole of the equity release market to find you the right plan. An equity release scheme has the potential to unlock a lump sum or regular payments to help supplement your income in retirement.
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