Every single retired Briton receives a pension that is extremely to low for our older citizens to live a comfortable life off. However most retired Britons do not realise that they may be living in a property of high value, as the value of properties have soared over the past years without hardly any home owners realising. Here at CHI Property, our aim is to help you get you extra money from your property to help you live a more comfortable life.
Our equity release plans here at CHI Property will enable you to free money from your property for you to spend how you wish, whether its to go away on holiday, fix up your home, get that car you always wanted or even just to give you a more comfortable lifestyle we can help you do this. Our equity release on property plan simply allows you to borrow money against the value of your property; the debt will be repaid from the proceeds of the sale of your home after your death.
To be able to apply for equity release you must be at least 60 years old, have no unresolved mortgage or you will need to use the money from the equity release to pay down the existing loan, also your property needs to be in at least a moderate condition.
At CHI Property we will either offer to give you a large lump sum which could be tens of thousands of pounds, a regular income which could be as least as £100 depending on the value of your property or even both, a lump sum and a regular income. All the equity release money is tax free.
|