The Hodge Lifetime Flexible Drawdown Plan is principally a roll-up
equity release scheme. It therefore provides an initial lump sum with
a cash reserve facility which allows further withdrawals, as small as
£1,000 to be taken in the future.
Hodge Lifetime have taken the lifetime mortgage market to the next
level, by building a series of innovative features which effectively
‘future-proof’ the equity release plan.
The first is a ‘downsizing protection option.’ which means if you
move home after 5 years & downsize to a smaller property then
NO early repayment charges apply. Should downsizing occur in the
first 5 years, then a reducing penalty of 5%,4%,3%,2% & 1% applies.
The second option allows upto 10% repayment of the capital borrowed
each year with NO penalty. Therefore, you have an option of repaying
interest and/or capital off the loan to control the future balance.
With a free valuation upto £350k and no early repayment charge
option, no other equity release plan offers such flexibility.
*TIP: Ideal if your planning to downsize in the future
Simply complete the contact form below & a qualified equity
release adviser will contact you shortly.
Hodge Lifetime Flexible Drawdown Plan
Talk to us today to request further information on – 0800 321 3156
Or click here to email us now.
Contact EquityRelease2go >> to request further information – 0800 321 3156
Or click here to email us now