Early Repayment Charge Exemption
👋Welcome to Information Station 🚂 where we dive into the world of lifetime mortgage plans.
Today, let's discuss a feature that provides valuable flexibility—Early Repayment Charge Exemption on First Death or Moving into Long-Term Care🏡🔒
🤔Have you ever wondered about the costs associated with early repayment of your lifetime mortgage?
This feature offers peace of mind by exempting you from early repayment charges if, within three years of the first of you passing away or moving into long-term care, the remaining person wants to sell and repay the lifetime mortgage.
It's all about making your lifetime mortgage as flexible and stress-free as possible! 🕒🏥
With this exemption, you or your loved ones won't have to worry about hefty charges in case of these life-changing events. It's a safeguard for your financial well-being.
Curious to learn more about the 3-Year Early Repayment Charge Exemption or other lifetime mortgage options? Drop me a comment 💬 or send me a message 📩. Your question could be featured in my next video!
Thanks for tuning in to "My Information Station." Stay informed 🧠, and remember, knowledge is power 💪 when it comes to making decisions about your financial future. Until next time! 🚂
This is a lifetime mortgage. To understand the features and risks ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home, or you want your family to inherit it. If you are in any doubt, seek independent advice.
A fee may be charged for mortgage advice, the exact amount will depend on your circumstances.