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.
Bad Credit Mortgage Broker
   Debt Consolidation Mortgages & Secured Loans

 

 

 

 
Request a Call Back
To speak to one of our independent advisers without any obligation, please complete the form below and
we will call you back.
First Name
Surname
Age of Youngest Applicant
Telephone No.
Current Mortgage Balance
Security Image (SPAM protection)
This Is Security Image
Please type the above numbers
I have read and accept your
Privacy Statement


 

 

Lifetime Mortgages from Halifax UK

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

Are you looking for a 'lifetime mortgage' to release some equity from your home, but are unhappy with other Equity Release Plans?

  Berkley Vittoria Independent Financial Services Ltd are one of the few equity release advisers to offer a range of 'Lifetime Mortgages' including  the Halifax Home Plan. We believe that this is the perfect solution for releasing the equity in your home.  The Halifax Retirement Home Plan offers an alternative to other schemes whereby they offer mortgages for life. We are equity release advisers with many years experience in the field of lifetime mortgages, so we are in the ideal position to offer lifetime mortgage information.

independent equity release advisors

Equity Release Calculator

Equity Release Explained
  There are a whole host of reasons for wanting and needing to unlock some of the equity in your home. For some people, their current limited income means that they don't have the available funds needed to enjoy the good things in life and are looking for a uk lifetime mortgage?

 

For others, the need is for monies to help their children or grandchildren. Others have some high interest debts that they want to consolidate. Then again you may have ideas on improving your home in some way, perhaps adding a ground floor bathroom or bedroom?

  Whatever the reason, if you are among the growing number of people that want to find a way to release some of the equity in their home, but at the same time have worries about the conventional Equity Release Plans on offer today, please do read on as we have a wealth of knowledge of lifetime mortgage providers.
  Please note that this 'Lifetime' Retirement Mortgage scheme, known as the 'Halifax Homeplan' is not available via Halifax's own branches and can only be arranged via a limited number of specialists in equity release. If you contact us, we can furnish you with a lifetime mortgage quote.
 

Don't worry if you are an existing Halifax customer and you are not currently on the Halifax Retirement Homeplan, as we at Berkley Vittoria can arrange to move your existing mortgage onto this scheme. We can also arrange a further advance for additional funds at the same time. 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, some of the conventional Equity Release plans or Lifetime Mortgage UK schemes may result in the loss of all or part of your home to the equity release company on your death. This is something that worries many people considering taking up one of the equity release schemes on offer.
  These plans can involve the interest "rolling up" over the mortgage lifetime, something that not only results in the eventual size of your debt being 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 available to pass on 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.

Lifetime Mortgage Providers | Life Time Information & Quotes | Retirement Lifetime Mortgages UK

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