For retired applicants looking to downsize, our new short term loan product – at rates from 0.48% per month – may offer the perfect solution.
This bridging facility is available on a first or second charge basis and can help borrowers address some of the stresses involved in downsizing. Popular uses of this product include raising funds for decoration and refurbishment projects. It could be used to help keep the chain moving by providing quick finance for the next property.
Some retired applicants who have plenty of equity benefit from products which allow:
- No affordability checks
- No monthly payments (added to loan)
- No exit / ERC fees
- No upper age limit