Posts Tagged ‘equity release’
Wednesday, July 28th, 2010
Would you like to have a secure and enjoyable retirement?
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If your answer is yes, then an increasingly effective option for the over 55’s is using equity release schemes.
We all have different financial needs & the more recently developed equity release schemes are designed to meet these requirements. These schemes are incorporated within the lifetime mortgage schemes and reversion plan product range.
From this selection the roll-up lifetime mortgage scheme is preferred by the majority of people.
A lifetime mortgage scheme is specially designed for homeowners who are entering retirement and want to release equity from their home as a secured loan. Under this equity release scheme, the repayment takes place on death or the client moving into long term acre.
Once you have opted for this scheme, you can continue living in the same residence for the rest of your life, even if the equity release balance become more than the value of the house. This is due to the inclusion, at no extra cost, of the no negative equity guarantee. This ensures that no debt, over & above the property value can be passed onto the beneficiaries.
Reassurance is therefore given to the children that they cannot incur debt by the actions of their parents.
This rule is a condition of all lenders that are members of the equity release trade body - SHIP (Safe Home Income Plans) who provide consumer protection in the equity release marketplace.
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In Summary
A lifetime mortgage scheme can divided into the following types.
- Roll-up lifetime mortgage
- Fixed payment lifetime mortgage
- Interest-only lifetime mortgage
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Roll-up lifetime mortgage - Under this kind of scheme, you do not have to pay any interest or repayments for rest of your life. The interests will be compunded yearly onto your actual loan amount and it will be paid when the home is sold on death or moving into long term care.
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Fixed repayment lifetime mortgage - In this scheme, there is no interest added to the actual amount but you have to payback a fixed amount when your home is sold. The scheme remains the same even if you sell your home after six months or 25 years, hence it is always important you receive independent equity release advice. This equity release is currently offered by Just Retirement.
The maximum charge that can be secured is 75% of the property value. The value of the overall facility is determined by several factors including your ge, sex, property value & your health & lifestyle situation. Click here to request further details on this unique equity release scheme.
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Interest-only lifetime mortgage - People who do not want the build up & compounding of interest can choose to make monthly repayments of interest only. Using this method, no interest is added onto your main loan as any interest generated is repaid back on a monthly basis.
Before choosing a type of lifetime mortgage, you must consider your post-retirement income and what your needs will be.
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To discuss any of the above issues please contact Mark Gregory on 0800 783 9652 or visit the Equity Release Supermarket website at http://www.equityreleasesupermarket.co.uk
Tags: Add new tag, equity release, equity release schemes, Fixed lifetime mortgage, interest only equity release, interest only mortgage, Just Retirement, lifetime mortgages, No negative equity guarantee, Roll up lifetime mortgage
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Thursday, July 22nd, 2010
Are you over 50 and retired? Are you looking for a way to generate income after your retirement? If your answer is yes, opting for an equity release plan can be a good solution. Equity release advice from a reliable source can be helpful, especially for those homeowners who seek to access the value that have locked into their home.
Life after retirement should be enjoyable. And equity release is an option that individuals can use for different purposes including:
• Holidays
• Purchasing a car
• Home improvements
If you are looking at an equity release scheme, seeking the right professional advice is important. Taking professional help can help you to get the best deal.
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Why seek professional advice?
Equity realise schemes are of two different types, namely the home reversion plan and the lifetime mortgage. Selecting an appropriate arrangement to suit your needs is very important. With the right professional equity release advice, you will have a deeper understanding about the obligations and commitments you agree to.
As the value of your assets will be reduced with equity release, there will be a decrease in the inheritance your family will get. Moreover, as there are certain criterions you need to fulfil as part of the equity release scheme, professionals will help you determine whether you are eligible for the scheme or not.
If you are serious about equity release and want to get the best deal, make sure that you seek professional advice.
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With over 30 years combined equity release experience, Equity Release Supermarket advisers have the knowledge & experience to provide quality, independent advice.
For further advice call 0800 783 9652 today.
Tags: Add new tag, equity release, equity release schemes, Financial adviser, home reversion, home reversion schemes, lifetime mortgages, qualified adviser
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Monday, July 12th, 2010
Are you getting retirement income lower than you expected? Are bills rising faster compared to your income? Do you want to have peace of mind during your retirement?
If yes, you could consider opting for an equity release scheme.
Equity release is a financial tool that releases equity from your property. It provides you with a lump sum against your home. Senior citizens often opt for equity release for additional money later in life.
The main purpose of opting for an equity release scheme is to raise money, either for lump sum purchases or for income. People may use the option of equity release for adding funds to their retirement or to help their family or children purchase a new home. The option of equity release can also be helpful to tackle issues with late life medical bills.
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When to opt for an equity release scheme
Typically, equity release is a way to raise capital when you have explored all other options as follows:
- Downsizing to a smaller property to raise funds
- Using any existing investments or savings to fund any shortfall
- Consider an interest only mortgage
- Claim any available social security benefits e.g. pension credit, council tax benefit etc
- Take on a lodger
- Ask friends & family for assistance
These options should always be considered first & discussed with your independent financial adviser before entering into equity release.
Once eliminate as inappropriate then equity release schemes can be looked into & advised accordingly.
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An equity release scheme offers homeowners a way to release some percentage of the value of their home.
If your age is over 55, you own a property and you are looking for a way to get funds to assist your financial problems, an equity release scheme may be the best solution for you.
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To discuss your options, please contact the Equity Release Supermarket team on 0800 783 9652 or email mark@equityreleasesupermarket.co.uk
Tags: equity release, equity release schemes, lifetime mortgages
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Monday, July 5th, 2010
Equity release is a form of mortgage, which allows homeowners who are older than 55 years to release some equity from their property. This scheme is perfect for people who have no or little mortgage and want some more money to improve their lifestyle. If you own a property and you are over the required age limit then equity release is an ideal option to raise specific sums of money.
One of the best features about equity release schemes is that they offer tax free money which can be used for various purposes.
First of all, any mortgage that current exists must be repaid from either the funds raised via the equity release, or from any savings that exist. It is obviously essential therefore that you seek independent financial advice to ascertain whether enough can be released in order to complete this.
The Equity Release Supermarket calculator can assist in this respect by working out the maximum release possible.
Once this assessment has been done once, the tax free lump sum can then be used to spend on anything. Thus, you could opt to use the money to pay for any home improvements or repay debts such as credit cards or loans which can then be cleared immediately. There are many people who buy a second home or motor homes including caravans with this money.
You can even choose an option through which you will receive the money on a monthly basis, similar to a monthly wage or pension. This equity release scheme is beneficial for people who want to improve income in their retirement.
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If you have decided to opt for equity release then you should know more about two types of equity release schemes:
Lifetime mortgages – This type of scheme is known to be a secured loan which requires to be paid back only when the property is sold.
Home reversion plans – This scheme allows you to sell some or all of the property in exchange for a proportional amount of money. By opting for this type, the property does not 100% belong to you, but you can live in it as long as you require by acquiring a lifetime tenancy in the property.
Out of the above mentioned types, you can choose the scheme which best suits your financial requirements.
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Always seek advice from an independent equity release adviser - call 0800 783 9652.
Tags: Add new tag, equity release, Equity release calculator, equity release schemes, home reversion, home reversion schemes
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Saturday, July 3rd, 2010
Equity release schemes are more commonly & individually known as lifetime mortgages, home reversion or home income schemes. These schemes are the perfect solution to purchase a new car, get funds for a new home improvement project, to pay for a holiday or to simply make your everyday life more comfortable.
Equity release schemes enable you to release money against the overall value of your home. The debt is then repaid from the sale of your property after your death, moving into long term care or earlier sale of the property.
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How do equity release schemes work?
While there are different schemes that offer a lump sum or/and regular income, they work on two principle’s.
The lifetime mortgage schemes provide you a with a capital amount from the value of your home with the amount to be repaid being determined by the interest rate charged & how long the interest roll’s up over.
Home reversion schemes still provide you with a capital amount, however the reversion company takes a percentage of the value of the property in return. Therefore, there is no interest element. Once the property is finally sold on death or long term care, the original percentage sold is retained by the reversion company & the beneficiaries receive the remainder. e.g. if 50% of the property was initially transferred to the home reversion provider, then on the eventual sale of the property there would still be 50% of this value to pass to the beneficiaries.
The minimum age for lifetime mortgages is only 55, whilst the minimum age for a home reversion scheme is 65. The property should must be owned & be in a reasonable condition. If a mortgage exists before inception, then this needs to be repaid from the equity release proceeds or any savings held. The equity release scheme, whether lifetime mortgage or home reversion scheme can be the only secured loan on the property.
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The attractive features of an equity release plan
Equity release plans can offer you a regular income, a lump sum amount or both with the money released being free of income tax. However, if the amount is invested & you are a taxpayer, you may need to pay tax on any interest gained.
In order to unlock equity, there is no need to sell or move your home. Using an equity release scheme, you get assurance that you can continue to reside in your home until you die.
If you do not have any family or children to leave your inheritance to, then an equity release scheme can be an extremely attractive concept.
With the above advantages that equity release schemes offer, it could be the perfect way to unlock your money & enoy a comfortable retirement.
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If yu have any questions on the topics discussed above then please contact the Equity Release Team on 0800 783 9652.
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Tags: equity release, equity release schemes, home reversion, home reversion schemes, lifetime mortgages, Roll up lifetime mortgage
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Friday, July 2nd, 2010
We all like to save money, but in today’s economic climate sometimes this can be difficult.
However, saving is actually a source of investment that proves to be helpful in times of financial trouble. And, the need to save and have an investment fund available is more important when people reach old age.
Equity release schemes are a good solution for older people to overcome their income problems if they do not have adequate savings. Current equity release schemes provide different means in which to provide peace of mind to elderly people so that they no longer need to support themselves with only a small pension.
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Home reversion equity release schemes
With the help of a home reversion scheme, you can sell your home or a part of it to a reversion company in return for a monthly income or a lump sum or both. Technically, you will become a tenant of , although you continue to live in your home rent free. You receive a lifetime tenancy from the reversion company which gives the right to live in the property for the rest of your life.
When your property is eventually sold, generally after your death, the reversion company will get its payout. For instance, if you sell 50% of your property to a reversion company, they will get half the sale proceeds including any escalation in the property value. Just as importantly your beneficiaries will also receive a guaranteed 50% of the sale proceeds. If you sell 25% of your property, the reversion company will get 25% of the proceeds etc.
Additionally, the reversion company will also pay you a fraction of the present market value for the share of property it purchases from you. This is because you continue to live in the property till your death, and the reversion company will have to wait to get their return.
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This illustrates one of the main advantages of home reversion schemes in that you can guarantee the percentage of the final property value that can be passed on.
This differs from ‘roll-up’ equity release schemes whereby there is no guarantee as to how much the beneficiaries will receive, if anything. Nevertheless, a no negative equity guarantee is included in all SHIP (Safe Home Income Plans) equity release schemes to provide the guarantee that no more than the final property value can be owed to the lender.
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For further advice on Home Reversion schemes please ring 0800 783 9652
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Tags: equity release, equity release schemes, home reversion, home reversion schemes
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Friday, July 2nd, 2010
Good news is back in the equity release market as Home Reversion Plan provider Home & Capital increase on two fronts the amounts they will lend on their products.
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Recently there has been a reduction in the number of equity release schemes available in the market which has resulted in fewer options for those in need of cash for their retirement plans.
Therefore news that Home & Capital are reversing this trend with its home reversion plans is excellent news.
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The latest calculations now show that for a male aged 70 the home reversion rate has now increased from 43.25% to 47%. That’s a healthy increase on the amount Home & Capital will lend & represents a good increase on the equity release scheme funds clients will receive.
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Secondly, all Home & Capital reversion plans have had an increased the ceiling on the maximum amount customers can raise.
This has now risen by over 41% from its previous maximum of £85,000 upto £120,000.
The maximum percentage of the property you can sell with Home & Capital home reversion plans is 95%.
Existing offers on the Home & Capital reversion plans will continue. This includes no arrangement fees & a special offer of a free valuation on all applications made before 31st July 2010.
The minimum age for the home reversion plans is 65+.
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These increases come at a time when retired people who wish to consider equity release are being hit on most sides.
Lower interest rates on their savings coupled with the impending increase in VAT will all affect the elderly population greatly over the next 12 months & beyond.
Therefore, there is some light at the end of the tunnel for the elderly who need financial assistance & a supplement to their capital or to boost income.
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With property values showing a steady, yet unspectacular increase since the start of 2010 many people in retirement can be sitting on a large amount of equity that can be utilised.
People are increasingly beginning to embrace the idea that their property is a legitimate asset that can be used to release equity - either via downsizing or via equity release schemes.
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To discuss your equity release requirements further please contact Equity Release Supermarket on 0800 783 9652 or email - mark@equityreleasesupermarket.co.uk
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Tags: Add new tag, equity release, equity release schemes, free valuation, Home & Capital, home reversion, home reversion schemes, lifetime mortgages, no application fee
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Wednesday, June 30th, 2010
It is becoming more common for people reaching state retirement age to still have a mortgage running into retirement.
Even more so, there is a growing demand for extra mortgage lending once they are in retirement.
Here we discuss what retirement mortgage options are available, acceptable income sources & where to look for independent advice on these matters.
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There can be many reasons for having a mortgage beyond state retirement age; namely poor performing low cost endowments, previous unemployment or even long term health issues.
A mortgage that runs into retirement can have major issues with both affordability & term to its repayment date. Most lenders will require repayment on a mortgage by age 75.
We will now look at ensuring all available income is being claimed. Once researched, we can then discuss which of these are eligible for inclusion in mortgage affordability calculations.
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So what options are available on reaching retirement itself?
Well this will depend on affordability & how the financial management of the mortgage itself can continue. The main issue with regards to affordability of an interest only mortgage at retirement is how much retirement provision has been made & maximising any other available sources of income.
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What Type of Retirement Incomes Should I be Receiving?
Having reached state retirement age the state pension will become available. However, the level of this is dependent upon national insurance contributions paid over one’s working life. The current basic state pension is £97.65pw & on its own would not be sufficient to support an interest only mortgage payment alone. State Earnings Related Pension Scheme (SERPS) & any entitlement to the graduated state pension can possibly boost the state pension somewhat, but not substantially.
State pensions are a source of income that can be utilised towards a mortgage in retirement.
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Company pension scheme members can benefit greatly with additional pension income that could be index-linked yearly & be calculated dependent upon the number of year’s service.
There is also evidence that personal pension plans can also boosting retirement income. Increasing importance is being placed in this area on seeking independent financial advice. Due to falling annuity rates it is more important to shop around & optimise your pension fund. Annuity providers can now enhance your pension income if poor health issues exist.
Both company & personal pensions are a source of income that can be utilised towards a mortgage in retirement.
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With the recent economic downturn we have unfortunately seen the reduction in bank & building society interest rates. This has affected investors, once reliant on good interest payments, which would supplement their lifestyle. Again ensure you shop around to obtain a higher interest with your savings is more important than ever. Tax payers should make use of their annual cash ISA allowance of £5100 & non-taxpayers should ensure that Inland Revenue form ‘R85′ is completed in order they can obtain their interest paid gross.
Savings interest can be a source of income that can be utilised towards a mortgage in retirement.
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It is also important to check whether any means tested benefits are available from the Department of Work & Pensions. Dependent upon age there may be eligibility for certain benefits such as pension credit & savings pension credit.
Income levels below £132.60pw for a single person & £202.40pw (2010-2011) jointly could allow a claim for pension credit to be made. Also, check any entitlement to council tax benefit availability, which even though it cannot help mortgage payments directly, it can lower the monthly outgoings.
If there are disability issues then depending on the condition, disability living allowance (DLA), attendance or even carers allowance may be available.
Lenders have different rules on means tested benefits - to see which qualify for a mortgage in retirement contact Equity Release Supermarket on 0800 783 9652
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Maintaining employment through or into retirement does obviously alleviate some of the financial issues. However, experience has shown that there are difficulties in gaining employment.
Nevertheless, it is increasingly apparent that people are now looking to continue working into retirement & provide extra cash to support retirement lifestyle. If part time work can be found then it can not only assist the budget, but also the soul. People in retirement are feeling & looking younger & with more activity in retirement their average life expectancy is rising as social constraints are removed.
Employment income will only help people with existing mortgages going into retirement, but not anyone trying to obtain a mortgage in retirement. Lenders will only accept employment income if a new mortgage is to be repaid before state retirement age.
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Secondary investment properties can provide a form of rental income which can be used towards paying a mortgage in retirement. However, if any existing buy to let mortgage is in operation this will need to be declared & considered as part of the application.
As long as a tenancy agreement is in existence then this will be considered by the lender.
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Although not a specific means of retirement income, equity release schemes can also be considered a means of retirement support. The flexibility of drawdown equity release schemes now incorporates the use of drawdown facilities which are essential in supplementing a flexible lifestyle.
These drawdown equity release schemes provide an initial tax free capital lump sum, with an additional reserve facility that can be gradually withdrawn over future years.
Equity release lenders such as Just Retirement permit additional withdrawals in small amounts of £2,000 a time, which helps retirement planning & provides financial security for the future.
Another method of providing income from equity release is through a Home Income Plan. These equity release plans involve a combination of two products; a Home Reversion scheme & a lifetime annuity. The home reversion company purchases a percentage of the property in return for a tax free cash lump sum. The lump sum can then used to purchase the annuity which can then generate the lifetime pension income required.
Both these equity release schemes will not assist in obtaining a mortgage in retirement. However, in their own right they can provide alternative capital or income in retirement with no monthly payments.
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As you can see there are various income sources which mortgage lenders can consider.
With recent restriction on lending criteria, it is more important than ever to obtain independent financial advice on this specialist area of retirement mortgage finance.
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For further information & advice on mortgages in retirement, please click here for details of interest only mortgages currently available.
Alternatively please contact Mark Gregory on 0800 783 9652 or email mark@equityreleasesupermarket.co.uk
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Tags: Add new tag, equity release, equity release schemes, Halifax, Halifax Interest Only Mortgage, Halifax Mortgage, Halifax Retirement Home Plan, Home Retirement Plan, interest only mortgage, Just Retirement, lifetime mortgages, Mortgage in retirement
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Sunday, June 6th, 2010
This article provides information on the latest interest rates & changes that Aviva are making to their product range.
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With the current shortage of equity release lenders, additional pressures are mounting on the remaining companies providing equity release schemes.
These lenders are now experiencing larger than normal business volumes as the number of providers has dwindled over the past 12 months. As a consequence some servicing issues are of concern, of which the biggest provider is now addressing.
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Of these equity release companies; Aviva are the first to change their lending criteria & this post provides details of this in advance.
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Come the 14th June, Aviva will be increasing their interest rates & lowering their loan-to-values (LTV) & details of these changes are detailed later in this article.
This is a negative step for the market given that Aviva’s Maximum Cash Release plan offers the highest cash release in the lifetime mortgage market at present.
Therefore, clients looking for financial relief by releasing the maximum possible after this date now have a reduced cash sum available. Couple this with Aviva’s recent reduction in loan-to-values on flats & maisonette’s & there is a definite swing away from higher loan values.
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Aviva will now only lend on 75% of property values on flats & maisonette’s, which is a dramatic move away from lending on these abodes. Couple this with the reductions in loan-to-values which are being announced on the 14th June, means a significant shift in their lending criteria.
This will affect in particular clients looking at debt consolidation or potential other requirements that demand the maximum possible.
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Equity Release Supermarket as independent financial advisers have witnessed firsthand the demand for larger advances this year alone. Predominantly, this has been for debt consolidation purposes whereby clients in retirement are now experiencing income shortfall issues as their investment returns have fallen significantly.
This has resulted in financial pressures meeting these monthly liabilities including mortgage payments, personal loans or more commonly, credit card debts.
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Nevertheless, there are fresh signs within the market indicating that external forces are construing to develop new plans & ideas to drive this stagnant market forward.
We heard last week that More2 Life is introducing an impaired life roll-up equity release scheme. This is welcoming news for the market & hopefully the sign of things to come.
In the meantime the current crop of lenders can dictate in a market having little competition from other providers.
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Part of the result of this is Aviva’s impending equity release scheme changes.
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Aviva have announced an increase of 0.1% to the interest rates for new business on the Lifestyle Flexible Option, Lifestyle Lump Sum and Lifestyle Lump Sum Max.
Equity Release Supermarket receive an exclusive interest rate lower than that offered directly by Aviva themselves.
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The new Aviva interest rates wef 14th June are therefore 6.70%, 6.55% & 7.40% respectively. On paper this doesn’t represent a large percentage increase; however given the roll-up nature of these products, this will result in £1000’s difference in the future balance.
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Additionally, Aviva equity release are reducing the loan-to-values on the Lifestyle Lump Sum Max by 2% for customers aged 60 or below, and by 1% for those over 60.
Even with this decrease, they currently still offer the best LTV scale in the market on all properties (apart from flats & maisonettes).
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The LTV rates for the Lifestyle Flexible Option and Lifestyle Lump Sum will stay the same.
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Example LTV’s on the Lifestyle Lump Sum Max are now: -
Age 55 - 19%
Age 60 - 23%
Age 65 - 29%
Age 70 - 35%
Age 75 - 40%
Finally, there are transitional arrangements in place which anyone considering the Aviva equity release schemes should be aware of;
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Applications on the Lifestyle Flexible Option, Lifestyle Lump Sum and Lifestyle Lump Sum Max dated prior to 14th June and received by the 18th June will receive the old interest rates. Also, any Lifestyle Lump Sum Max applications will be on the old LTV scale.
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Applications on the Lifestyle Flexible Option, Lifestyle Lump Sum and Lifestyle Lump Sum Max dated before 14th June and received after 18th June will receive the new interest rate. Lifestyle Lump Sum Max applications will be on the new LTV scale.
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Applications dated after 14th June will receive the new interest rates. Lifestyle Lump Sum Max applications will be based on the new LTV scale.
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To request an Aviva illustration or further advice on any of the issues discussed above, please contact Mark Gregory on 0800 783 9652 or email mark@equityreleasesupermarket.co.uk
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Tags: Aviva, Aviva Lifestlye Lump Sum Max, Aviva Lifestyle Flexible option, Aviva Lifestyle Lump Sum, equity release, Equity release interest rates, equity release schemes, lifetime mortgages, loan to value, Roll up lifetime mortgage
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Tuesday, May 4th, 2010
Anyone considering taking out equity release has many choices to make.
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One of the biggest & most expensive if not advised correctly could be on early repayment of an equity release scheme.
However, before we delve into the main differences between current equity release schemes we briefly look at why early repayment charges exist & how they can arise.
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Primarily, equity release is designed to run for the rest of your life.
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There is no fixed term & the scheme will continue to run until the second person has died or moved into care.
At that point the property is usually sold, with the equity release provider being repaid first from the proceeds & any remaining balance is passed into their estate.
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With the earliest age of starting one of these schemes being 55, the total term could well be in excess of 30 years. For this reason lenders hedge their bets in order to recover any potential early repayment which may cost them significantly.
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Obviously life expectancy for everyone differs.
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The Financial Services Authority (FSA) use average life expectancy data in order to provide the basis of a lenders key facts illustration (quote).
It is with this same information that lenders will also formulate their early repayment charge structure.
We can relate such charges with a conventional mortgage, whereby upon early repayment within a specified term the borrower will incur an early repayment charge.
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So, upon what circumstances would an early repayment charge exist?
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This could be for a number of reasons: -
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1. Sale of property
2. Inheritance
3. Death
4. Moving into long term care
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However, not all the aforementioned would incur a penalty upon early repayment.
Equity release providers would not invoke a penalty on death or moving into long term care. Additionally, where some lenders invoke a charge for a set period of time, once this term has expired there would be no penalty thereafter.
However, there would potentially be a penalty if the property was sold during the lifetime of the owner for example if an inheritance was received or downsizing occurred & the scheme was repaid as a consequence.
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In addition to the early repayment charge the lender could also levy an administration fee which can vary from zero to £300.
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How do lenders calculate the early repayment charge & how much can it be?
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The answer to this varies significantly & this can be evidence with the following simplified table: -
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LENDER
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TERM
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BASIS
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MAXIMUM CHARGE
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Aviva
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Remainder of the plan term
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Charge linked to performance of gilts.
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Maximum 25% initial advance
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Hodge Lifetime
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10 years
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Percentage penalty based number of years
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5%
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Just Retirement
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Remainder of the plan term
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Depends on FTSE UK 15 year gilt yield
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Maximum 20% of total advances
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LV=
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10 years
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Percentage penalty based number of years
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5% yrs 1 to 5, 3% yrs 6 to 10
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As you can see, all equity release schemes have the inclusion early repayment charges & if you are considering early repayment it maybe a case of damage limitation or manipulation of repayment date that could avoid potential penalties.
From experience, this aspect of equity release penalties I will cover in a separate article to follow & can provide advice on methods of alleviating these penalties from lender to lender.
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This will also include topics such as: -
- Options on downsizing
- Gilt rates & where to find current gilt yields
- Information on repayment to existing equity release borrowers who are looking for additional funds or achieve a lower interest rate
- Possible avoidance of early repayment charges - lender by lender
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If you have any questions or require further information on the subject of equity release early repayment charges, please email mark@equityreleasesupermarket.co.uk or contact mark on freephone 0800 783 9652.
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Tags: Aviva, early repayment charges, equity release, equity release early repayment, equity release penalties, equity release schemes, Just Retirement, lifetime mortgages, LV=, mortgage redemption, redeem mortgage
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