Drawdown Mortgage

Which Websites include an Interest Only Lifetime Mortgage Calculator?

Lifetime mortgages come in four types: lump sum, drawdown, enhanced, and interest only. The first three options can use the same calculator because they are all similar in one thing- they compound interest onto the back of the loan until the loan is paid off. A lifetime mortgage is not paid until the homeowner dies or moves to long term care. At this time the full capital sum is to be paid along…

Why a Drawdown Lifetime Mortgage May Be Your More Favourable Scheme

Equity release schemes were launched by many companies to help people meet their financial requirements after their retirement by releasing the equity held in their home. Unluckily, most of the old equity release schemes turned out to be quite rigid in nature. In equity release schemes, people used to forecast their future fund requirements for the next five years and turn in an application to…

EquityReleaseInfo is an independent marketing website which acts as an introducer to “whole of market” companies that will offer independent equity release advice. These companies are authorised and regulated by the Financial Conduct Authority (Previously the FSA). Information provided is based on lifetime mortgage UK and home reversion UK plans. To understand the features and risks of equity release schemes please ask for a personalised illustration.