Stonehaven Interest Select Equity Release Mortgage

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.

 

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).

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.