- Published: Friday, 18 November 2016 16:29
- Written by Nick Sands
Following on from my presentation on Wednesday morning, who do you know who could benefit from Equity Release?
Anyone over the age of 65 who owns a property, can release up to 40-50% of the value of their property, without having to prove income. Interest can be repaid or rolled up where no beneficiaries are involved/taken in to consideration. This is especially useful for anyone who currently has an Interest Only mortgage below 50% loan to valuation because instead of having to sell the property to repay the loan, they could use Equity Release. It is also good for anyone who needs to raise capital for whatever purpose.
There are many products to choose from, some good and others not so good. This is why you should seek expert advice from your trusted financial adviser!
Have a great weekend everybody and see you at the curry night next Friday.