Equity Release – Property Account
The new Property Account from Scottish Widows Bank offers your clients maximum flexibility and control in choosing the right way to release the value in their home. The Property Account gives you two Lifetime Mortgage options for your clients:
Flexible Lifetime Mortgage
- Clients aged 55+ can borrow from 15% to 45% of their property value at a variable rate and pay interest only each month. Includes flexible features such as offsetting to reduce monthly payments and the ability to borrow from within a pre-agreed limit as and when required.
Fixed Lifetime Mortgage
- Clients aged 60+ can borrow from 15% to 45% of their property value at a fixed rate, either rolling up the interest each month or paying interest only.
Click on the button below to download 'A guide to releasing money from your home' for your clients.
Key Features – Flexible Lifetime
