|
127 How Much Equity Can I Release?
|
| |
| |
| Visit Our Equity Release calculator or contact us via our call back facility for your personal illustration. Equity release allows you to release tax-free cash from your home to boost your finances in retirement, without the need to move.
Your home will have no doubt provided you with many happy memories and security over the years and is now probably your greatest asset. This asset could now ensure your financial security by enabling you to release some or all of the value locked into it.
| | |
|
| |
|
38 Mortgage Decreasing Life Insurance
|
| |
| |
|
Mortgage Decreasing Life Insurance...
Mortgage Decreasing Life Insurance is used to cover a repayment mortgage where the amount you owe reduces as you repay it.
The premiums won’t change during the lifetime of the policy but the amount that will be paid when you die will reduce starting from the amount of cover you specify, and ending at zero by the end of the term.
When a Decreasing Term Assurance policy expires, it has no value. This means that if you do not die within the term, you will not receive any money back.
If you are unsure which type of insurance is right for you, please contact us for advice. | | |
|
| |
|
107 I want to buy my council property, do I qualify
|
| |
| |
| I want to buy my council property, do I qualify. In order to buy your council property under the Right to Buy scheme, you need to have been a council tenant for a qualifying period of 2 years (or 5 years for new tenants after the 18th of January 2005). For more information, please visit our Right to Buy Mortgage page.
| | |
|
| |
|
120 Individual Voluntary Arrangement
|
| |
| |
|
Individual Voluntary Arrangement (IVA)
An Individual Voluntary Arrangement, or IVA, is an alternative to bankruptcy in which the debtor arranges a formal agreement with his creditors to pay off a percentage of his debt over a set period of time, usually around 5 years.
An IVA is often seen as advantageous to bankruptcy as it has less of an adverse effect on the person's credit history and their home remains relatively untouched.
However if you have arranged an Individual Voluntary Arrangement, you will probably be aware that although an IVA makes it much easier for you to keep your home, it is standard for many IVAs to include a clause that stipulates that after a set number of years you will be required to have your home valued and to give your creditors a certain percentage of the equity that has been built up as a final payment.
| | |
|
| |
