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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Equity Release Retirement Lifetime Mortgages from Halifax

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

Are you looking to release some equity but are unhappy with conventional motgage Equity Release Plans?

  Berkley Vittoria Independent Financial Services Ltd are one the few equity release advisers to offer what we believe is the best equity release in retirement solution to provide the funds that you require. As equity mortgage release advisers with many years experience in the field of equity release lifetime mortgages, we can say that without a doubt the Halifax Retirement Homeplan is well worth a look.

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Equity Release Explained
  There are a whole host of reasons for you wanting to unlock some of the equity in your home. Maybe your current limited income means that you don't have the funds you need to enjoy the good things in life and you are looking at equity release lifetime mortgages?

 

Then again, you may need funds to help your children, or perhaps you have some high interest debts that you must consolidate. Others may have ideas for improving their homes in some way by utilising the equity release home plan available via Halifax?
  Whatever the reason, if you are among the growing number who are looking at equity release for elderly homeowners, and want to release part of the equity from your home, but are worried that conventional Equity Release Plans on offer do not meet your needs, then we might have the answer for you.
  Please note that this 'Lifetime' Retirement Mortgage, known as 'Homeplan' is not available via Halifax branches and can only be arranged via a limited number of specialist advisers in equity release mortgages.

  Even if you are an existing Halifax customer but don't currently have a Halifax Retirement Homeplan, we at Berkley Vittoria can arrange to move your existing mortgage onto this scheme, and at the same time arrange a further advance for what you may also wish to borrow. Please note that this service is not directly available and can only be arranged by a select number of equity release brokers like ourselves.
  As you may have read, many conventional Equity Release Retirement plans often result in the loss of all or a part of your home to the equity release provider on your death. This is something that worries many people considering taking up an equity release scheme.
  Other similar schemes involve the interest "rolling up", which not only results in the eventual size of your debt being potentially very high, but also being totally unknown at the outset. This in turn means that you do not know how much of your property's value will eventually be passed to your children and loved ones.

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.




Equity Mortgage Release Schemes | Equity Release for Elderly Homeonwners | Retirement Lifetime Mortgages

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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.		  
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