Equity Release Mortgage Plans Explained
Equity Release Line
0808 156 2670
Equity Release Mortgage Plans Explained
This will only be considered by the lender if you have little or no outstanding payments remaining on the mortgage of your property. Any outstanding mortgage payments must be paid off by using the equity released or by other means if desired.
With this plan, an agreed percentage of the current value of your home will be released, and this loan will accumulate interest at a rate in line with current interest rates.
NB: Some lenders will offer interest at a capped rate, for your security, in the event of a dramatic rise in interest rates.
The equity release plan is offered as a tax free fixed loan. For example, if you borrow £40,000 against the value of your property, you must pay back £40,000 plus any interest and other costs that have been accrued, exactly as you would with a traditional mortgage or personal loan.
The mortgage plan does not have to be paid off by the sale of your home.
Go to: Equity Release Index | Home Reversion Plans
- Fill in our quick enquiry form, or call us on 0808 156 2670 for your free equity release quote.
- View comparison table between equity release mortgage and home reversion plans.
| mortgages news |
|---|
| Brown says govt will help to pay mortgages - Thu, 04 Dec 2008 |
| Mortgage lenders fail to pass on rate cut, research finds - Thu, 04 Dec 2008 |
| Interest-only mortgages less popular, figures show - Thu, 04 Dec 2008 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage