Best Equity Release Mortgage Options, including Debt Consolidation

Option 1 – Equity release for salaried persons - but excludes debt consolidation

Option 2 – Equity release for all categories - one third in blocked deposit

Option 3 – Equity release for all categories - minimum €100,000 loan

Option 1 - Equity release for salaried persons - but excludes debt consolidation

• Repayment loan, 70% of assessed value. Interest only loan 70% of assessed value also.
• 1 year fixed at 3.70%. Variable at 4.11% thereafter.
• No early repayment penalty when variable.
• Total outgoings for debt service must be less than 35% INCLUDING cost of this loan.
• Set up fee €1,500 minimum can be paid over 2 years or added to the loan.

>>>APPLY

Option 2 - Equity release for all categories - one third in blocked deposit

• Repayment or interest only loans available - 1.7% above 3 month Euribor so 2.9% at current rates, but 1 third of this amount must be left in a blocked account in the bank.
• No early repayment penalty while the rate is variable.
• Set up fee 1% or €900 minimum.

>>>APPLY

Option 3 - Equity release for all categories - minimum €100,000 loan

• Minimum €100,000, minimum income €100,000.
• 50 / LTV available.
• Interest only at 2% above 3 month Euribor, 3.2% at current rates.
• No early repayment penalty after 5 years.

>>>APPLY

NOTE: Your home is at risk if you do not keep up the repayment on a mortgage loan or other loan secured on it. The sterling equivalent of your liability under a foreign currency mortgage may be increased by exchange rate movements.

Copyright © 2004-2010 French Mortgage | all rights reserved |