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Stalwart provides alternative Hip

Stalwart Assurance says that home income plans still have a vital role to play despite the abolition of Miras.


The company believes loan-based Hips are no longer an attractive proposition due to the abolition of Miras in last week&#39s budget.


But it says its Reversionary Annuity Hip can provide a viable alternative and has made entry into the plan easier by lowering the minimum property valuation to £30,000.


The plan is based on the company purchasing the property and leasing it back at £1 a month, while releasing funds for annuity purchase.

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