Best Equity Release Mortgage Options, including further Property Purchase but excluding Debt Consolidation

Option 1 – Equity release plus refinance of existing French Mortgage

Option 2 – Equity release for all categories - minimum €100,000 loan

Option 1 - Equity release plus refinance of existing French Mortgage

• Repayment loan, 70% of assessed value. Interest only loan 60% of assessed value also.
• Variable rate 4.55% for repayment loans up to 2 years. Interest only loans at 4.90% variable, maximum duration 14 years.
• No early repayment penalty when variable.
• Set up fee €1,500 minimum can be paid over 2 years.
• Not available for self employed people, nor for debt consolidation. New property purchase permitted.

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Option 2 - Equity release for all categories - minimum €100,000 loan

• Minimum loan amount €100,000, minimum income €100,000.
• 50% LTV maximum.
• Interest only at 2.0% above 12 month Euribor, 4.18% at current rates.
• Fixed rate at 4.5% up to 15 years, 4.8%, 16-20 years.
• No early repayment penalty after 8 years.
• Client must have €500,000 net property asset plus €150,000 of financial assets.

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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.

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