Flexible Cash Release Plan
Type: Equity release scheme aimed at the over 60s.
Minimum property value: £60,000.
Minimum-maximum loan: Minimum of £10,000, subject to a minimum of 10% of the property value. Maximum of £500,000, subject to a maximum of 45% of the property value.
Interest rate: 7.85%.
Minimum-maximum age: Minimum 60, no maximum.
Charges: Valuation fee £165 minimum. Application fee £500.
Commission: Initial £150 fee plus 0.5% of advance. Further advances 0.5% of advance.
Tel: 0845 3001622.