Equity Release and Lifetime Loan Services
What is Equity?
Equity is the difference between the current value of your home and the amount you currently owe. For example, if your home is worth €400,000 and your mortgage is €100,000, then you have Equity in your home, of €300,000. We can look to Switch and Release Equity if you are planning on refurbishing your home for example.
Talk to us today, to see what your options are.
What is a Lifetime Loan?
If you own your home (mortgage free), a Lifetime
Loan allows you to release some of the Equity/Value of your home now, without having to make repayments during your lifetime. Some of the conditions of this specific product is that you cannot have an existing mortgage on your home and that you have reached a certain age, for example 60, to avail of the loan.
What can a Lifetime Loan be used for?
This loan can be used for a range of purposes, for example:
- Cash fund for lifestyle maintenance
- Creating a 'rainy day fund'
- Re-financing loans
- Home improvements
- Early inheritence for family members
- Cars
- Holidays
