28/05/2018 by Desmond O'Hara CeMAP CeRER 0 Comments
The Formidable 4
Have you heard about the formidable four features to help protect you no matter what events may occur during your lifetime:
In an increasingly innovative and dynamic market, many plans come with an impressive combination of features. For our free comprehensive guide to Equity Release and Lifetime Mortgages, please click here
1. Fixed Early Repayment Charges – simple and clear to understand, and give certainty. You will know exactly at any given time what you may have to to pay if you wish to fully redeem your loan.
2. 3 year Early Repayment Charge free period after first death or going into care on a permanent basis – making you more secure at a time of great sadness and stress. The pressure is off, take time to reconsider your plans at this this time
3. Downsize Protection – end your equity release plan with no Early Repayment Charges. Protects those clients who wish to move outside lending criteria after 5 years of having the Plan.
4. Guaranteed Inheritance Protection – comes at no additional cost and your ability to borrow just because you want to protect the estate will not be reduced.