Why Equity Release Schemes are becoming the Saviour for Londoners with Interest Only Mortgages


May 16th, 2014

On the cusp of retirement and yet your mortgage is not repaid in full? Numerous Londoners face this situation and with the Mortgage Market Review (MMR) restricting lenders it is becoming difficult to see what the future can provide in the way of comfort. For those who had an endowment on an interest only mortgage, most are finding it has fallen short to cover the entire amount owed. Others chose a different mortgage with no repayment vehicle. Trying to locate a solution for your retirement years is getting difficult for those over 60. Unless you consider the pros and cons of equity release, which is one solution to the problem of mortgages into retirement. …read more

These are lifetime mortgage & home reversion plans. To understand the risk & features of these plans, request a personalised Key Facts Illustration.

London Equity Release is a trading style of Equity Release Supermarket. Equity Release Supermarket Ltd is authorised and regulated by the Financial Conduct Authority. FCA no 584063.
Registered Office: 304 Bridgewater Place, Birchwood Park, Warrington, Cheshire, WA3 6XG.

For equity release enquiries in London we offer impartial initial advice with no upfront fee & without obligation. Should a London Equity Release recommendation be acceptable & you wish proceed, upon completion of your case we charge a fee of  £1,495 and we will also be paid commission from the lender.

This website is subject to UK regulatory regime and is applicable only to consumers based in the United Kingdom.

Copyright © London Equity Release. All rights reserved.

London Equity Release | Release of Equity London | Financial Advisers London | Equity Release Advice London | IFA London | Equity Release London