Home Equity Release Mortgage - HERM

If you are Age 60 or over you can release equity in your property and enjoy the following benefits:

No monthly payments

No Income requirements

A series of safeguards and guarantees to give you total peace of mind.

The amount that can be raised depends upon age:

60 - 66        20% of the equity
67 - 71        25% of the equity
72 - 76        30% of the equity
77 - 79        35% of the equity
80 - 84        40% of the equity
85 - 88        45% of the equity
89 and over  50% of the equity

An arrangement fee is charged by the lender of £595 which can be added to the loan.

PLUS:

· Fixed rate of 7.99% (8.20% APR) for the life of the loan
regardless of the loan size
· No Early Repayment Charge on property sale, death or move into long term care.
· No maximum property value or loan sue -- all applications considered.
· Minimum property value £40,000.

HERM is a simple and fully transparent equity release solution, structured around a series of important safeguards and
guarantees, which will help you to feel confident and protected

· The Lender guarantees that the borrower never has to pay back more than the open market sale proceeds of the property when the loan is repaid.

· The Lender guarantees that borrowers can
continue to live in their own home until they sell it, move into long term care or die. The Lender will never repossess the property, even if the
accumulated debt exceeds the property value.

.  Borrower has freedom to sell property at any time and for any reason, without incurring Early
Repayment Charges.

You have the option of taking a monthly income or part income/part lump sum to suit your
requirements.