Freephone Scottish Team 0808 1000 170 7 Days 8am - 8pm
Equity Release ScotlandEquity Release Scotland
It’s a big decision but as a landlord you can release equity from your BTL property which you will still own for any legal reason including:
You need to be over 55 and your property needs to be worth over £70,000
or more, the property must be of standard construction (with some exceptions) and be let on an assured shorthold tenancy agreement (or AST for short)..
Usually the loan is repaid on your death or you going into long term
care for more than 12 months. However, if you wish to make payments on a voluntary overpayment basis you can. There are no affordability assessments or income requirements.
You can take an initial amount and then in the future apply for further advance. A fixed interest rate will be applied to each further advance taken and may vary from the original interest rate provided. Each time you apply for additional borrowing the lender will send you a new offer which will advise of the new interest rate.
At Equity Release Scotland, we feel it is equally important to highlight the negative aspects of buy-to-let equity release/buy-to-let lifetime mortgage. We want all of our clients to have total clarity and understanding of the products that they might be interested in buying, so that they can make an educated and informed decision in what is a very important matter.
Current LTVs (Loan-to-Values) – Source: Canada Life June 2019
| Age | Over 55s Buy-to-Let Lifestyle | |
|---|---|---|
| 55 | 14% | |
| 56 | 15% | |
| 57 | 16% | |
| 58 | 17% | |
| 59 | 18% | |
| 60 | 19% | |
| 61 | 20% | |
| 62 | 21% | |
| 63 | 22% | |
| 64 | 23% | |
| 65 | 24% | |
| 66 | 25% | |
| 67 | 26% | |
| Age | Over 55s Buy-to-Let Lifestyle | |
|---|---|---|
| 68 | 27% | |
| 69 | 28% | |
| 70 | 29% | |
| 71 | 30% | |
| 72 | 31% | |
| 73 | 32% | |
| 74 | 33% | |
| 75 | 34% | |
| 76 | 35% | |
| 77 | 36% | |
| 78 | 37% | |
| 79 | 38% | |
| 80-90 | 39% | |
The idea behind this section of our website is to provide you with some answers to the many questions that our clients invariably have.We do not and never have engaged in pressuring our clients into purchasing a product. In fact, on some occasions, we have actually advised our clients not to move forward with equity release, as in our opinion it was not the appropriate vehicle for their needs, even though this advice cost the company money.
It is this kind of refreshing honesty that we believe sets Equity Release Scotland apart. We will walk you through every available option, explaining the pros and cons of each product, and answering any questions that you might have.
We view ourselves as a partner working with you to come up with the best solution, with the added advantage of being independent. This gives you access to a broad range of products, some of which offer exclusive rates or bonuses, which are not available on the high street.Stop struggling with your current lifestyle, and put your property to work for you. It is time you reaped the rewards of your hard work, and began to enjoy some of life’s luxuries. You have absolutely nothing to lose, and a lot to gain, so for more information or to book a no-obligation appointment call our friendly and helpful customer services team today on 0808 1000 170 (Free Call)
You have the right to remain in your home for as long as you choose.
You will NEVER owe more than the value of your home due to the "no negative equity" guarantee.
You have the freedom to move to another property without financial penalty (subject to provider criteria)