Posted: Sun Jun 24, 2007 10:00 pm
Hi all
A query re the equity clause, I understand 85% of LTV equity release(I think) but what if you cannot afford to fund this amount of equity release in year 4/5. Would you then be forced to sell to allow the funds to be paid? My concern is that if house prices continue to rise, how can I be sure I will be able to remortgage the full 85 % equity release against my earnings, etc when the time comes.
(Hope this makes sense)
Pippa
A query re the equity clause, I understand 85% of LTV equity release(I think) but what if you cannot afford to fund this amount of equity release in year 4/5. Would you then be forced to sell to allow the funds to be paid? My concern is that if house prices continue to rise, how can I be sure I will be able to remortgage the full 85 % equity release against my earnings, etc when the time comes.
(Hope this makes sense)
Pippa