The benefits of equity release being used to raise capital from your home have been widely recognised and for a variety of purposes.
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The benefits of equity release being used to raise capital from your home have been widely recognised and for a variety of purposes.
“I want to do equity release but don’t want the interest to compound up can I pay the interest”
Keeping the initial equity release set up costs down to a minimum will be of great benefit in maximising the gross release from the lender; & in turn your pocket.
It will also have an immediate impact on the APR (annual percentage rate) of the equity release scheme in that the lower the set up costs, the lower the APR.
Traditionally, there are four main associated costs involved: -
The current financial climate is quite simply awful for many people. Particularly, the retired & elderly are really struggling to make ends meet.
Stonehaven Reduce Rates Just as you thought things couldn’t get much better with equity release scheme interest rates, Stonehaven have joined the latest interest rate war by announcing the lowest annual interest rate yet of just 5.89%.