Equity Release Council guarantees Every lifetime mortgage product we recommend comes with these important guarantees: Stay in your house You’ll always retain full ownership of your home and can stay in it for as long as you wish. You can still move home If your circumstances change, you have the right to move to a new home in the future, subject to certain criteria. No negative equity guarantee You’ll never owe more than your home is worth or leave any equity release-related debt to your loved ones, as long as you meet the terms and conditions.
Fixed interest rate As long as you keep to the agreed terms, your interest rate is fixed for the life of your loan, protecting you against future rate increases and giving you stability and peace of mind. Flexible payment options While there are typically no monthly repayments required with a lifetime mortgage, you have the flexibility to make voluntary payments without an early repayment charge, depending on the lending criteria. Things to consider It’s important to remember that a lifetime mortgage will reduce the amount of inheritance you can leave, and can reduce your financial options in the future.
Honest | Personal | Trusted
www.keyadvice.co.uk
38 Get advice today 0800 953 3743
Get advice today 0800 953 3743 39
Made with FlippingBook. PDF to flipbook with ease