Growing numbers of homeowners with a lifetime mortgage are making monthly payments on their loans, according to data from OneFamily.
This means that the interest doesn’t roll up, as with traditional equity release plans, and the remaining capital in the property is protected.
32% of the lifetime mortgages held with OneFamily have either ...
OneFamily have launched a new Lifetime Mortgage with a higher Loan to Value (LTV) - allowing clients to release even more money from their property.
Features include :
As from the 15th March, Hodge Lifetime have removed their normal £595 Product Fee from most products across their range.
They will also offer a standard Free Valaution for all properties under £1 million.
Products improved include :
Another Equity Release lender is reducing rates across it's most popular range of products.
From today, rates are reduced on the :
For more details, and a chaeck on your suitability ...
Family members taking out equity release helped 46 first-time buyers a week onto the housing ladder last year, according to analysis by Canada Life Home Finance.
The company calculates that 2.9% of the 82,791 equity release customers in 2018 used the money to help first-time buyers secure a home. Canada Life’s customer information shows a ...
Essex Home Finance are Mortgage Brokers with access to a significant number of Mortgage Providers and Equity Release Lenders.
Free initial Appointment
One Low Fee payable on Offer
Exclusive Mortgage Schemes
Essex Home Finance Ltd is an Appointed Representative of Mortgage Intelligence Ltd which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.
Registered address: 1 High Street, Chelmsford, Essex, CM1 1BE. Registered in England & Wales under number 10607263.
Your home may be repossessed if you do not keep up repayments on your mortgage
There will be a fee for all Equity Release Mortgage cases. Typically our fee will be £695, payable on Offer. We will agree any fees with you before we proceed with your case.
We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman.
Our advice is covered under the Financial Ombudsman Service. You may be able to submit a claim through the EU Online Dispute Resolution Platform If you live outside the United Kingdom or if you prefer not to deal directly with the Financial Ombudsman Service.
Essex Home Finance Ltd
1 High Street
Email : email@example.com
Tel : 01245 398466
Mob : 07795 081972