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There is an answer in
the form of two Equity Release solutions - Flexible
Cash Release Plan and Flexible Income Release Plan.
Benefits:
- Equity can
be released as a cash lump sum, a regular income for
life or a combination of both.
- No repaymants
due until the property is sold.
- Cash can
be used for any purpose.
- Clients can
carry on living in their own home.
- There is
no risk of suffering Negative equity.
- Clients can
choose how much to borrow up to 45% of the property
value (depending on age bands).
- Further top-up
loans may be available.
- Optional
Guarantee available to secure a minimum of 25% of
the initial property value on death or a move into
Long Term Care.
Requirements:
(1) To be eligible
for the plan you must live permanently in the UK and
be at least 60 years of age.
(2) Your property
must be worth at least £60,000 and not more than
£500,000.
(3) Your property must be located in
England, Scotland or Wales (not Northern Ireland, Isle
of Man or the Channel Islands).
(4) Your property must meet criteria,
for example it must be of conventional construction
and must be your main residence.
(5) Any existing mortgages or other
secured loans on your property must be repaid when,
or before the new loan is advanced.
Warning!
Your home is
at risk if you do not keep up the repayments on a mortgage
or other loans secured on it.
Under the Consumer
Credit Advertising Regulation 1989 we are obliged to
include the above warning. However, under the flexible
cash release plan there are no repayments made during
your lifetime, unless the property is sold.
CONTACT
NORMAN WALLACE OUR FINANCIAL MANAGER For INDEPENDENT
FINANCIAL ADVICE AND for further information on any
financial matter.
WHY
NOT TELEPHONE, FAX OR E-MAIL US (TEL)+44(0)1292 265033,
or (FAX)+44(0)1292 284906 OR (E-MAIL) enquiries@dwshaw.co.uk
to discuss in confidence your requirements
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