Northern Rock Equity Release
Get equity release quotes and advice…
So, you want to unlock some of the cash tied up in your property ready for when you retire? Well, Northern Rock has suspended its equity release mortgages, but there are still a number of lenders that could help.
But before signing up for equity release, make sure you fully understand what it will mean. It is important to seek professional advice before signing up for any equity release scheme, including:
- Lifetime Mortgages – Where you borrow money against your property that is only paid when your home is sold after you are gone
- Home Reversion Plans – Where you sell part or all of your home to a reversion company but continue to rent the property at a small cost
If you are in any doubt, our free equity release service can put you in touch with a specialist advisor who will talk you through your options and search the market, looking at the range of equity release plans available to find the one to suit you.
Northern Rock equity release may no longer be available, but you coudl still get the right deal for your circumstances - Click on the link below and fill in one simple form to get started.
Lifetime mortgages as from October 2004 are regulated by the Financial Services Authority. A lifetime mortgage is a loan secured on your home. The loan and interest are normally repaid from the proceeds of the sale of your home when you die or move into long term care. With a home reversion plan you sell all or part of your home for cash. However you do not get the full market return for doing so.
The above equity release mortgage detail is for information purposes only as does not constitute financial advice under the Financial Services and Markets Act 2000. When considering any type of equity release product, it is important that you seek independent legal advice.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.