Is Now The Time To Make The Most of Equity Release?
If you are considering equity release, now could be the perfect time to take out a plan. This is because house prices were 9% higher in March 2010 than in March 2009 according to the Nationwide.
Furthermore, Age Partnership customers can benefit from a free property valuation with a preferential lifetime mortgage from LV=.
Save Hundreds on an Equity Release Plan
This preferential lifetime mortgage offered by LV= through Age Partnership could save you hundreds of pounds, whilst also allowing you to release a greater percentage from the value of your home.
The free property valuation is available for homes worth up to £500,000. The overall cost for comparison is 6.8% APR.
Release More From the Value of Your Home
After house prices showed steady growth over the past twelve months, now could be the perfect time to make the most of a lifetime mortgage. A lifetime mortgage has the potential to release a tax-free lump sum to supplement income. This particular equity release plan will also ensure you continue to own 100% of your home, meaning that you could benefit from any future house price increases.
Finally, because the interest on a lifetime mortgage is built up over the remainder of a homeowner’s life – or until they move into full-time care – there are no monthly repayments to make.
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