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| Advertisement by Ask Eric |
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| A new solution for those with residual debt in retirement |
| 2015 has brought more innovation and flexibility to the lifetime mortgage market, making lifetime mortgages a very viable option to those clients who are entering retirement with a residual interest only mortgage on their family home. Lifetime mortgages are not limited by age, and take into consideration pension income. This means that all the things limiting mortgage choice for pensioners does not apply in the lifetime mortgage market. |
| Clients can now make monthly repayments |
| With new flexible lifetime mortgages from Aviva and Stonehaven, clients can make monthly interest payments, and payments on capital. Rolled up interest has previously made clients wary of the equity release market, but new lifetime mortgages are no longer intrinsically tied to this model. Rates are still fixed for the lifetime of the mortgage, and all plans come with the no negative equity guarantee and all the other safeguards that are prerequisite to being a part of the Equity Release Council. |
| Equity Release Information Centre |
| We offer your clients a professional, unbiased and whole of market service to provide them with the best advice on all matters regarding equity release. We guarantee no cross selling, and will be responsible for all compliance risk relating to any advice on equity release schemes. Please contact us for commercial terms. |
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cherry, cherryFind and cherryaidfs are trading names of cherry UK Limited ('cherry') Registered Office: The Stables, Little Coldharbour Farm, Tong Lane, Lamberhurst, Tunbridge Wells, Kent TN3 8AD. Registered in England and Wales. Company Registration Number: 05624666. VAT Number: 874593966
DISCLAIMER - Please note that cherry (UK) Ltd. never recommends the products or services of other companies and in making contact with, or accepting contact, products, services or advice from any individual, company or adviser, you agree, without exception, that no accountability in respect of resultant damages, incurred by you or by others, rest in any way with cherry (UK) Ltd.
7419 / 02.06.15
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