Berkley Vittoria are one of a select few equity release retirement mortgage specialists offering an exciting alternative to conventional equity release by way of the Halifax Retirement Homeplan.
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Halifax Equity Release Retirement Mortgages

(Available to people with or without an existing Halifax mortgage)

Are you looking for an alternative to conventional Equity Release Plans?

  Berkley Vittoria Independent Financial Services Ltd have access to all equity release companies and are one of a select number of Equity Release advisers to offer what we believe is the best equity release solution for unlocking the equity in your home. As equity release advisers with many years experience, we can say with confidence that the Halifax Retirement Homeplan is well worth considering to conventional equity release schemes.

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Equity Release Explained
  You could be considering releasing equity in your house for many reasons. Maybe your current retirement income is limited and you lack the funds to enable you to enjoy the good things in life?

 
Alternatively, you may be looking for equity release advice on how to raise additional funds to help your children, improve your home or you may need to consolidate your own high interest debts.
  Are you among the growing number of retired people who want to free some of the equity from your home, but on the other hand are worried that the traditional schemes offered by equity release providers do not give you the flexibility that you require.
  This Retirement Homeplan is not available via Halifax branches and can only be arranged via a limited number of financial advisers (who are also specialists in which equity release product would best suit your needs).

  Even if you are an existing Halifax customer but do not currently have a Halifax Retirement Homeplan, we can arrange to transfer your existing mortgage onto this scheme and at the same time arrange a further advance for any additional funds you may wish to borrow. Please note that this service is not directly available and can only be arranged by a select number of brokers like ourselves.
  As you may know, conventional UK Equity Release lenders products can often result in you losing all or part of your home to the equity release provider on death, something that worries many people considering taking up an equity release scheme.

  Alternatively, other plans involve interest "rolling up" resulting in the eventual size of your debt potentially being very high indeed and the final balance being unknown. This in turn means that you do not know how much of your property's value will eventually be passed to your loved ones. Most equity release UK companies only offer these types of schemes.

The advantages of the Halifax Home Plan Equity Release Scheme

If you are a homeowner aged 60 or over, then why not borrow the funds you require on an interest only lifetime basis at low interest rates.

This would mean that if you were to borrow, for example £60,000 you would pay monthly interest payments based on a mortgage of £60,000 which would currently cost in the region of £150 per month. The overall cost for comparison is 3.7% APR.  The actual rate available will depend upon your circumstances.  Ask for a personalised illustration.

Halifax would not expect the loan to be repaid until the eventual death of the homeowner(s), however you could choose to repay the mortgage at any time (or transfer it to another property if you were to move home).

It means that the amount you borrow will neither increase nor decrease so that you can rest assured that your loved ones will inherit the eventual value of your property less the amount borrowed.

If you already have an existing mortgage and are possibly under pressure to repay this at some stage in the future, this could be incorporated into the new mortgage.

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

There may be a fee payable upon completion for mortgage advice. The precise amount of the fee will depend upon your circumstances but we estimate that it will be £695. (No broker fee charged on mortgages over £300,000). You have the option to pay us a fee and receive any commission which we are paid by the lender. If you choose this option, we estimate that the fee will be £995.
  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.		  
 ©2010 Berkley Vittoria Independent Financial Services Ltd