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Reasons to Consider Stonehaven Interest Select Interest Only Lifetime Mortgages
What is an interest only mortgage? There are many reasons to look to Stonehaven Interest Select interest only lifetime mortgages to meet the financial challenges of our current times. An interest only mortgage is a useful product for those over 55, as the specialist equity release style interest only lifetime mortgages often provide attractive interest rates and features that assist those in retirement to plan their financial futures.
Many people who are looking to consolidate debts will find the Stonehaven Interest Select style of interest only lifetime mortgage to be an attractive option for getting all debts under one single interest only payment. This kind of debt consolidation means that the actual total amount borrowed and paid monthly is under control, while the low interest payments are likely less than payments made over many other debts.
This makes both the payment of debts easier, as it happens automatically by direct debit, and easy to plan as the total amount is fixed. The fixed interest rate option on an interest only mortgage is a very attractive offer, and this feature is why the Stonehaven Interest Select and Stonehaven Interest Select lite (has lowest interest rate at 6.13%) are so popular, more details about these plans can be found on this website.
There are other options available for those looking for equity release schemes, including other options for interest only lifetime mortgages. It is important to discuss what is right for you with an accredited financial advisor. Another place to research equity release schemes and interest only lifetime mortgages is the Safe Home Income Plans (SHIP) website, which acts as a consumer safety watchdog for elderly financial products. The Stonehaven equity release products are all registered with SHIP, so these products also come with this important peace of mind.
There are many reasons for those over 55 years of age to consider equity release. Many often wonder what is an interest only mortgage? They also wonder what the best options are for their specific needs and situation. While a financial advisor is best placed to help, researching SHIP qualified products like the Stonehaven Interest Select interest only lifetime mortgages often help get started. The SHIP website is also a useful place to start learning about the ‘ins and outs’ of equity release. There is a lot to learn, so be sure to speak to your financial advisor early and often to be clear about the direction your learning is heading.
