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Archive for May, 2011

Some Crucial Benefits of Halifax Equity Release

Sunday, May 29th, 2011

The Halifax equity release scheme is an interest only lifetime mortgage plan. It is specially developed for retired individuals to boost their retirement standard of living. With this type of scheme, the outstanding balance remains unchanged throughout the plan tenure. The applicant only needs to pay interest regularly to the lender.
Traditional roll-up equity release schemes do not require the applicant to make interest payments. However, the interest keeps rolling up over the tenure period. This means that the outstanding loan keeps rising all the time. With the present interest rates, the loan amount will keep doubling after approximately every 10-11 years dependent upon the equity release interest rate. This means, if you have a loan of £10,000, after 10-11 years, you will owe £20,000.


Retired individuals, who can afford to make monthly repayments from their state benefits or pension, should opt for a Halifax equity release plan. While considering opting for equity release, it is important to get the right advice from the professionals. As professionals have the required knowledge and expertise, they can help you get the right scheme that will cater to your needs.


Why do people opt for a Halifax equity release plan?

The Halifax equity release scheme, being an interest only mortgage plan for pensioners, does not require any form of repayment. This is also one of the most exclusive features of the Halifax equity release plan. With this kind of scheme, your mortgage is automatically allocated for a term of 40 years. However, should you live longer than this period then this lifetime mortgage plan will continue until death or the last person has moved into long term care.

It is due to these reasons that the Halifax equity release scheme has become extremely popular amongst retired individuals.


Contact the mortgage desk on 0800 678 5159 or email admin@equityreleasesupermarket.co.uk for the latest rates & information.


An Introduction To The Halifax Retirement Mortgage

Tuesday, May 17th, 2011

It is of paramount importance that you make sure you have a steady source of income or enough capital after you retire to maintain a comfortable standard of living. You will want to be closer to your family, probably take more holidays with them and spend some quality time enjoying yourself. All this needs money, and the Halifax Retirement Home plan can give you exactly that.


Time tested schemes

Though the financial services authority has classified it as a lifetime mortgage, the Halifax retirement mortgage equity release scheme is an interest only loan. It is offered to you by one of the UK’s leading financial organisations.


Terms and conditions

Before you decide upon any equity release scheme, you should be aware of its features. Always read the offer document carefully and find out all the clauses, terms and conditions. Since your home is one of the most valuable assets you will own, these schemes can provide you with a significant amount of money.


For the latest Halifax equity release rates click here.

Alternatively to establish eligibility, call the team on 0800 678 5159 for a no obligation discussion.


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