Bridgewater Equity Release :: Questions and Answers

At the age of 74, Ken Harbutt has been exhibiting at the Chelsea Flower show for over 50 years. Maybe you would like a glorious greenhouse or a conservatory for the more exotic plants.

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Q & A

What would happen if I wished to move in the future?
Do I have to pay any interest?
If I should decide to sell less than 100% interest in my property initially, could I sell a further percentage at a future date?
What costs are involved?

What would happen if I wished to move in the future?

Subject to your new home meeting the property suitability criteria applicable at the time, you would be entitled to move to an alternative property.

There are fees and costs associated with facility. Please ask your financial adviser for more details.

Do I have to pay any interest?

No. You are selling your property. The cash sum you receive is not a loan and therefore there is no interest to pay.

If I should decide to sell less than 100% interest in my property initially, could I sell a further percentage at a future date?

Yes. The further cash sum would be assessed on your age(s) at that time. It would be subject to valuation of the property and the property having been maintained in accordance with the terms of the Lease or Co-Ownership Agreement in Scotland.

What costs are involved?

Arrangement fee
Bridgewater Equity Release Limited does not charge an arrangement fee
Valuation fee
Dependent on the property value. Please ask your financial adviser for more details
Your legal costs
Your solicitor will advise you of their fees which you must pay
Our legal costs
We pay all our legal costs
Stamp Duty Land Tax
We pay Stamp Duty Land Tax on the initial purchase, if applicable. You will pay Stamp Duty Land Tax, if applicable, if you decide to move home
Financial advice
Your financial adviser will advise you of their fees

This is a Home Reversion Plan. To understand the features and risks, ask for a personalised illustration.
Bridgewater Equity Release Limited is authorised and regulated by the Financial Services Authority and is a member of Safe Home Income Plans (SHIP). Bridgewater Equity Release Limited Company Registration Number - 05064154
Place of Registration: England and Wales. Registered Office - Citygate, St James Boulevard, Newcastle Upon Tyne, NE1 4JE