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New Innovations in the Equity Release Market could save your customers £30k.

22 November 2016

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As reported in the Daily Mail, there are many older homeowners who have a steady retirement income, but want a lump sum to repay an interest-only mortgage, help relatives with a house deposit or go on holiday.

Did you know...

  • There are equity release plans which allow borrowers to pay some or all of the interest each month
  • In some cases this could shave up to £30,000 off the total cost of the loan over 10 years
  • Other plans allow some of the debt to be cleared each year

For those who don't want to consider downsizing, or have been deterred from traditional equity release plans because of the compounded monthly roll up of interest, this could provide the perfect solution.

To find out more, you can read the full article here.

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