Banks-24

Complimentary Banking Newsletter Bank News Industry Insights & Info

Release cash & choose your interest payments

Posted by Levi Dynon On Feb - 20 - 2012 No Comments »

Did you know that as an Age Partnership client you can access a unique interest-only lifetime mortgage?

With this flexible plan you can unlock a tax-free lump sum of money from your home and choose to pay as little or as much of the interest each month* its up to you.

Theres also a high cash release option so you could unlock more money than you thought!

And, as with all lifetime mortgages you maintain 100% home ownership and theres a no-negative equity guarantee.
By choosing to pay some or all of the interest you can reduce the impact it will have on the size of your estate over time. Plus, with this plan you could safeguard an inheritance at no additional cost.

The overall cost for comparison is 6.6% APR. If you choose the maximum cash release option the overall cost for comparison is 8.0% APR. The actual rate available will depend upon your circumstances.

Read more…

The Isle of Man’s Department of Economic Development has reached the halfway stage in its process of seeking expressions of interest from organisations interested in helping establish the Island’s first five star hotel and casino complex.

The Department recognises that a top class casino is the next step to furthering the Isle of Man’s position as an international hub in the gaming industry, where market demand remains high. It also announces to remaining interested parties that they have until 31st January 2012 to declare their interest.

With the development creating many jobs in the construction and leisure industry, the hotel and casino will present an excellent opportunity to provide seasoned gamers and tourists alike with a first class experience on the Isle of Man. The l

Read more…