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Age Partnership Equity Release
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We used the money to pay off expensive credit card debt. We now have more income to live off. If we stay in our property for 9 years we have no redemption fee, but we will probably stay here 5 years and we will have to pay 3%, I have heard of some lenders charging 25% - I consider that outrageous. This has worked out for us, we saw our financial adviser. When we approached Stepchange as recommended to help with debt issues, the scheme they offered was really expensive. I think if you shop around or go through a fa you can get a better deal.0
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