Planning for your future is very important, and at Equity Release Brokers we have plenty of equity release plans that can help you put together a solid financial plan that suits your needs. As you can see in the first part of this article, there are many different ways in which we can help you release equity. Here are some more of the plans we have on offer.
Fixed Early Repayment Charge Plans (ERCs) – We are seeing more products coming on to the market all the time that have a known, fixed early redemption charge, and we’ll always let you know of the new ones when you speak to us.
Downsizing Guarantee Plans – This plan allows you to repay your mortgage without penalty when moving to a new house after a qualifying period. This is the perfect equity release plan for those who might need to downsize.
Buy-to-Let and Second Home – A plan that allows you to use secondary properties as security, releasing a higher amount of equity than just on one property.
Sheltered Housing Plans – For those looking at over-55 retirement properties it can be difficult to raise finance against them. We have access to specialist lenders in this sector.
Home Reversion – This allows you to sell a portion of your home for a lump sum, although there are plenty of better options out there for the majority of our clients.
Retirement Mortgages – These mortgages are suitable up to the age of 85 in most cases, though the income of the applicant will always be assessed. We also have interest only mortgage plans for those with surplus monthly income.
If you wish to discuss any of the equity release plans you see above contact our friendly team on 01277 620083 or email firstname.lastname@example.org.