Important features of equity release |
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Access lump sums tax free |
Spend the money on anything |
No interest payments to make |
Future drawdowns when needed |
Keep 100% of your property |
Benefits of Using Equity Release Plans |
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Gives you tax-free cash to spend as you wish |
You keep 100% ownership of your home |
Available to any homeowner aged 55 to 95 |
Repay 10% of the loan each year without penalty |
Allows you to live in your own home for your lifetime |
No monthly interest payments to make |
Take smaller cash amounts over time when needed |
You never owe more than the value of your home |
You can use equity release to buy a new home |
Move home and take the plan with you |
Reduce inheritance tax owed by your beneficiaries |
Gift a deposit to children or grandchildren to buy a home |
These are examples of equity release products we can approach with many more offering interest rates and flexibility to meet your needs.
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2.75% Fixed Rate |
Interest Roll-Up |
25% Loan to Value |
£5 App Fee |
2.79% AER |
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2.44% Fixed Rate |
Interest Roll-Up |
25% Loan to Value |
£895 App Fee |
2.47% AER |
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2.60% fixed Rate |
Interest Roll-Up |
25% Loan to Value |
£629 App Fee |
2.63% AER |
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2.60% Fixed Rate |
Interest Roll-Up |
25% Loan to Value |
£650 App Fee |
2.63% AER |
The government is not considering a stamp duty holiday extension after calls for more time following the latest Coronavirus Tier 4 rules.
For the month of November a survey from Halifax showed 14% of households believe the value of their homes has increased.
Demand for housing is a third higher than a year ago although it has been slowing since the start of the stamp duty holiday.
It helps sellers and buyers if properties can sell fast and here are the results from Zoopla of the top 20 fastest selling UK homes.
Equity Release may involve a Lifetime Mortgage or a Home Reversion Scheme. To understand the features and risks, please ask for a personalised illustration. Equity Release may affect your entitlement to means tested state benefits and will impact on the size of your estate. For Equity Release London City Mortgages charge a fixed fee upon completion of £695. For Mortgages a fixed fee is charged on application. Typically this is from £295 up to £495 for the services selected.
Equity Release - Equity Released from your home will be secured against it. Mortgages – Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured against it. Think carefully before securing other debts against your home. The information contained in this website is subject to the UK regulatory regime and is therefore intended for consumers based in the UK.
CONTACT
Address:
9th Floor, 30 Crown Place
London, EC2A 4EB
Phone:
0800 955 0058
Email:
info@londoncitymortgages.co.uk
London City Mortgages Limited is a registered company in England & Wales under company number 09278987. London City Mortgages Limited is an Appointed Representative (FCA no. 655965) of Blackstone Moregate Limited (FCA no. 459051) which is authorised and regulated by the Financial Conduct Authority. LCM and LCM Equity Release are trading names of London City Mortgages Limited.