The Lifestyle Options available from Canada Life offer homeowners a one-time cash payment to be used by the homeowner however they wish. There are no payments required against the loan and the interest is simply added to the loan balance over the course of the lifetime of the loan. This series of products is most appropriate for homeowners who want the benefits of a cash lump sum but do not want to be required to make any interest payments against the balance. This line of products also suits the homeowner who wants a high LTV or a low interest rate and who would like to enjoy cashback.
Loans with these products are available from £10,000 up to £1 million and are available to homeowners between the ages of 60 and 90. The products are also available on a single or joint life basis. The property must be located in Wales, Scotland or England and must have a valuation somewhere between £70,000 and £6 million.
There are a number of unique features offered including cash back, fixed early repayment charges, and an inheritance guarantee for the homeowner who is concerned with leaving behind and inheritance and portability. There is also a No Negative Equity guarantee that comes standard from Canada Life. Additional borrowing and a cash reserve facility are also options available to the homeowner. Interest Rates and LTV’s vary depending upon the product chosen from the range which includes the Lifestyle Lite, Lifestyle Gold, Lifestyle Gold Plus, Lifestyle Platinum and Lifestyle Platinum (Cashback).
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Canada Life – Lifestyle Lite Flexi Plan
Talk to us today to request further information on – 0800 011 9841
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Contact EquityRelease2go >> to request further information – 0800 011 9841
Or click here to email us now