Sentence examples for release mortgage from inspiring English sources

Think hard You should think very hard before committing to an equity release mortgage.

Northern Rock, for example, is charging 8.99percentnt on its capped equity release mortgage.

Q My late father took out an equity release mortgage with Northern Rock three years ago for £50,000.

As with a normal mortgage you can switch a lifetime – or equity release mortgage – to take advantage of falling interest rates.

Repaying a Northern Rock equity release mortgage within the first five years of taking it out attracts a fee of 5% of the loan.

Schemes designed to allow older people to access the money tied up in their homes are falling in cost, and advisers say that anyone who has an existing equity release mortgage may be able to save money by switching deals.

Equity release mortgages are regulated by the Financial Services Authority.

· Age Concern has published a 20-page guide to equity release mortgages.

The Portman Building Society this week took the top slot for equity release mortgages following the launch of a product with a fixed rate of 7.09%.

Equity release mortgages are regulated by the City watchdog the Financial Services Authority (FSA); legislation to bring reversion schemes under the FSA's jurisdiction is currently going through parliament.

Two types of scheme exist: equity release mortgages, most of which offer borrowers the chance to roll up their interest payments, and reversion schemes which allow them to sell all or part of their home but continue to live there.