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Learn more about how the Over 55s loan could potentially dovetail with your existing options, and how we could work together. We have produced a number of examples to illustrate the potential workings and benefits of the loan in a number of scenarios. They should not be construed as advice in their own right.

Topping up the maximum equity release advance available

We look at how the Over 55s Unsecured Loan could work alongside Equity Release, potentially topping up the maximum Equity Release loan-to-value amount available, allowing the client to stay in their home and repay an interest only mortgage.

Reducing the maximum equity release advance to improve the net estate value

Instead of maximising their Equity Release, we look at how a client could significantly reduce the debt on their estate by dropping their equity release loan to gain advantage of a lower interest rate, with the Over 55s Unsecured Loan filling the gap.

An interest only mortgage needs to be cleared, but the client doesn’t want to re-mortgage

In this scenario, the client has a fixed deadline looming – they need to repay the principal amount of an interest only mortgage. We look at how they could possibly clear their existing mortgage, stay in their home and keep their retirement plans intact.

The client is receiving guaranteed pension income from an annuity or company scheme and needs to access some capital

The one great benefit from an annuity or company salary is that they’re a guaranteed form of income. However, those receiving guaranteed income may have less options when raising a lump sum. We look at how the Over 55s Unsecured Loan can help.

The client is receiving flexi drawdown pension income and needs to access some capital, but doesn’t want to pay the tax

No-one wants to pay tax, but if their allowance is used, those with a flexible pension may have no other option. Or do they? Here we compare the impact of taking cash from a flexi drawdown, versus borrowing through the Over 55s Unsecured Loan.