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Equity Release for over 60’s

If you and your partner are aged 60 or over and own your own home, you may be eligible to release equity from your home.

You can use the equity released for any purpose. This can include upgrading your home, funding nursing home care, or helping out a family member.

You don’t have to make any payments during the life of the loan; however you can choose to repay the mortgage at any time. You retain full ownership of your property and can continue to live in it for as long as you wish.

The loan is normally repaid when the property is sold. An important feature of the loan is the “no Negative Equity promise”. This means that the outstanding loan balance will be limited to the net sale proceeds of the property.

For more information on Equity Release for over 60’s contact NC Mortgage Brokers