Page 4 - Quick Guide 2020 ERB
P. 4
What types of Equity Release are available?
When we consider that there are over 300 products on the market for later life lending it can feel a little daunting knowing which is right for you. We only offer plans, products and policies that have a ‘No Negative Equity Guarantee’. This means you can never owe more than the value of your home and you will never pass debt onto your family.
Lifetime Mortgage
x
x x
x
x
x x
Drawdown Lifetime Mortgage
x
x x
x x x
x x
Voluntary Lifetime Mortgages
x
x x
x
x
x x
All the money released is tax free
No monthly repayments
You own still your own home
You can move home and keep your plan
x x x x
Reserve pot you can x access in the future
Protect some of your property value for future beneficiaries
No interest build up
No negative equity
No inherited debt for your family
x x
Interest Only Income Home
Lifetime Mortgage
Lifetime
Mortgage plan
x x
x x
x x
x x x
reversion
x
