Equity Release can be an expensive way to raise capital, therefor it is important for you to consider other options for raising finance. Following are several alternatives you can consider.
You should also use our budget form to clearly identify your financial needs.
|Refinancing with a residential mortgage with the existing or new lender.||Lower rates.
Less restrictive early redemption fees.
Regular capital repayment.
Borrowers under age 55 accepted.
Higher loan to value available.
|Requires income to service the loan.
May fail credit score. Equity release do not credit score.
Restricted term. Residential mortgages term limited to age 75 of oldest.
Residential lender may not accept borrowers over age 65.Requires income to service the loan.