Rainbow can assist you in arranging an Equity Release Mortgage...

Equity Release is where you can release equity from your property to use the cash as you wish. With house prices having increased significantly over the last 10 years many people are unlocking equity in their homes to do home improvements or to improve their retirement income.

An equity release mortgage is a loan secured on your home to free up capital which then can be used to generate income or for any other purpose. Interest payments on the loan are rolled up on top of the capital for the life of the loan, and no repayments of capital are made while the owner lives in the property. The loan is repaid from the proceeds of the house sale when the owner dies or when the owner moves out.

Equity Release Mortgage Rates are usually higher than ordinary mortgage rates and there are often high redemption charges in the early years. In addition there are often set up charges and fees associated with a property valuation and the use of a solicitor.

 

 

Apply now! Get a great deal on a mortgage here

This form will allow a mortgage specialist to find you the best quotes from their product range, with good or poor credit.

It will take less than a minute to complete

Mortgage details

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Select the type of loan you require, if unsure select other
Enter the amount you wish to borrow e.g. 100,000
Enter the value of your property e.g. 150,000
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Property details

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Your current home address
How long have you lived at this address
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Your details

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Your full name e.g. Mr John Smith
Your date of birth
Your home telephone number e.g. 01234 567890
Your work telephone number e.g. 01234 567890
Your mobile phone number e.g. 07710 567890
Your email address e.g. test@example.com
Do you have any County Court Judgements?
Do you have any Individual Voluntary Arrangements?
Have you ever missed payments?
Have you ever declared bankruptcy?

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