Stone Haven Equity Release (Oct 2021)
Stone Haven Lifetime Mortgage Review
Are You Considering Stone Haven Equity Release? What are the Pros, Cons & Costs? Discover If Stone Haven Lifetime Mortgage Schemes are for You.
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Stone Haven Equity Release Review
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release provider with all the choices available.
Or is it?
Is Stone Haven equity release the best?
As experts in the equity release field (we’ve reviewed over 250 schemes!), we’ve combed the market, researched all equity release service providers and narrowed it down to who’s on top.
What's Equity Release & How Does It Work?
We've summed up the most important information about the topic in this quick video.
An equity release mortgage is, in a nutshell, a loan plus interest that is paid back to the lender when the homeowner passes away or goes into permanent care. The homeowner’s family usually pays back the cash released, and the interest incurred, from the sale of the home in question.
Equity release is available for individuals or couples over 55, with the youngest homeowner’s age determining the amount of equity that can be released. It is important to note that some equity release schemes may require the homeowner to be 60 or older.
Learn More: What’s Equity Release & How Does It Work?
What About the Stone Haven Equity Release Calculator?
Before you consider using the Stone Haven equity release calculator, please take note.
Our providers can almost always match & BEAT any existing equity release quote that you find through Stone Haven. So first use this calculator below & see how much you can release.
How Much Can You Release?
Use the FREE Calculator 👇
It's VERY FAST, takes just 8 seconds
Why get a free quote?
About the providers we compare
Most popular reasons for releasing equity
Stone Haven's Equity Release & Lifetime Mortgage Schemes
Not what you're looking for?
Who Are Stone Haven?
StoneHaven Equity Release is a specialised website committed to providing free equity release information, 1 with a focus on Retirement Advantage programmes (formerly Stone Haven Equity Release).
Stonehaven Equity Release was founded in 2006 as a supplier of unique interest-only lifetime mortgages with a twist, as opposed to standard lump sum lifetime mortgages. Their notion of being able to service the interest, resulting in a constant lifetime mortgage balance, outlasted more traditional mortgage plans like the Halifax Retirement Home Plan, which was phased out in August 2011.
Because of Stonehaven’s success, the firm was acquired by MGM in 2014, and its products were gradually modified and rebranded to reflect this, with the simplicity of their offering – Interest Select, Lump Sum, and Voluntary Select. Each product now includes two additional choices based on the amount of money borrowed (loan-to-value), which impacts the interest rate charged. People who were at the core of their early operation and established their strategy around the wider distribution strategy of leveraging mortgage intermediaries as a source of referral business have now gone, as have board-level changes.
- Financial Conduct Authority
- Financial Services Authority
Stone Haven Info
Got Questions About Stone Haven & Lifetime Mortgages? Check These First
Is Stone Haven A Member of the Equity Release Council?
Stone Haven is a member of the Equity Release Council.
What Are Stone Haven's Interest Rates on Equity Release?
The interest rate for Stone Haven’s equity release plan is currently set at 3.8%.
Who Owns Stone Haven?
Stone Haven is part of a group called the Retirement Villages Group. The number one person in charge, on paper at least, is Mark Farrar OBE MD. He has been awarded an Order of the British Empire and received it from Queen Elizabeth II for his services to older people.
Where is Stone Haven Located?
Stone Haven is based at Old Swan House in London. However, Stone Haven also has equity release plans for people living in Wales and Scotland.
PS – If you’re anything like us, you skipped to the end anyway.
So here’s the scoop – our intention is to help you by finding the best lifetime mortgage so that you can spend the money on something that you really want to, rather than on a high tax bill.
Most send us a personal thank you because we do such an incredible job.
Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.
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Most people are using equity release as a means of retaining the use of their house while also obtaining a lump sum or a steady stream of income. Get matched with an expert and check your eligibility for equity release options.
Use our free equity release calculator & see how much you can release today.