Stonehaven Interest Select Equity Release Mortgage

Stonehaven have launched the Stonehaven Interest Select Options Equity Release Mortgage. This is the only product in the market where you can choose to pay part or all of the interest on the Equity Release Lifetime Mortgage on a regular basis.

One of the biggest worries that homeowners have over a Lifetime Mortgage is the way that the size of the loan increases over time. The new Stonehaven Interest Select Options Equity Release Mortgage has been designed to address these concerns by offering you the opportunity to pay part or all of the interest on the loan.

For example:

Based on a loan size of £40k at the age of 65, if you pay half the interest each month (£108 per month) the amount owed to Stonehaven at the age of 90 would be £77k less than with a roll-up lifetime mortgage charged at the same interest rate (6.5% APR).

To find out more about the Stonehaven Interest Select Option equity release mortgage and the other leading equity release products on the market, simply complete the simple form by clicking below and an equity release specialist will be in touch to offer you independent help, advice and quotes.

 

Call 02380 766727 for assistance

 

Through our partnership with Key Retirement Solution, releasing equity in your home couldn't be simpler.

• During your free no obligation consultation, you will be provided with all the information about equity release that you need. You adviser will then leave you to decide whether equity release is right for you and to discuss it with your family.
• If you decide to find out which is the most suitable equity release plan for you, on your instruction, your adviser will search the entire equity release market on your behalf. As part of their service to you, they'll then compile a personal report explaining their recommendations and contact you to talk you through the options.
• Your independent adviser will present their research to you and give you a copy of your personal report. This comprehensive report outlines the full details of the individual equity release plan, the reasons why it is suitable for you, all the facts and figures, and any costs or charges associated with the equity release plan.
• Should you decide to accept your advisers recommendation and apply for an equity release plan, Key Retirement Solutions will then make sure the process of releasing the cash is quick and hassle free. You will be appointed a dedicated customer services specialist who will guide you through the rest of the process and keep you fully informed about the progress of your equity release application.
• They'll speak to your solicitor and equity release plan provider on your behalf to make sure everything is going ahead smoothly, right through to the moment you receive your money.

 

Advantages of Stonehaven Interest Select Options

• Any amount of interest paid reduces the size of the eventual amount owed to Stonehaven
• There is no risk of losing your home if you are unable to keep up the interest payments. If, for some reason, you want to stop making the payments, Stonehaven have simplified the process so that it just switches to a normal roledl-up interest lifetime mortgage at a new interest rate.
• Interest payments could come from your own income, or your children could provide them from their own funds should they wish to. This increases flexibility and extends the repayment options.

 

THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS,
ASK FOR A PERSONALISED ILLUSTRATION.