Berkley Vittoria is pleased to offer bad credit equity release schemes.
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Bad Credit Equity Release

ARE YOU LOOKING TO RELEASE EQUITY FROM YOUR HOME BUT ARE BEING HELD BACK BY A POOR CREDIT HISTORY?

 

If you are aged over 55 and have a poor credit history, it need not stop you releasing equity from your home.

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Equity Release Calculator

  Perhaps you are living on a limited income and lack the funds to enjoy the good things in life?

  You may wish to raise funds to assist your children or grandchildren or to consolidate your own high interest credit cards or loans. You may wish to carry out home improvements on your property.

  Possibly you have a mortgage which will shortly be coming to an end and you do not have the ability to repay it without selling the house?

  You may not be aware that a lifetime mortgage can also be used to assist in the purchase of a new home, so if you are thinking about moving home but might need to borrow funds to enable you to do so, a lifetime mortgage could be the solution for you.

  Many of the providers of lifetime interest only mortgages will not penalise you for a poor credit history, meaning that you may well be able to raise the funds that you require.

  You could choose a scheme where you could pay the interest monthly so that the amount borrowed will never increase, or you could choose to have the interest added to the loan so that you do not have any monthly interest payments to make.

  With a lifetime mortgage, the lender would not expect the loan to be repaid until the eventual death of the homeowner(s) or if both applicants went into long term care.

If in the process of re-mortgaging you consolidate other non secured debts into your mortgage, you should be aware that by taking these commitments over a longer period you will pay back more in interest over the term.

If you are re-mortgaging away from your existing lender be careful and check whether or not you will incur any early repayment charges.

Please call us on 0800 158 3220 to speak to one of our advisers for advice

If in the process of re-mortgaging you consolidate other non secured debts into your mortgage, you should be aware that by taking these commitments over a longer period you will pay back more in interest over the term

If you are re-mortgaging away from your existing lender be careful and check whether or not you will incur any early repayment charges.

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Best Equity Release Advice | Lifetime Equity Release Mortgages | Lifetime Mortgage Providers

  Think carefully before securing other debts against your home. 
Your home or property may be repossessed if you do not keep up repayments on your mortgage.
 
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