Free Consulation - speak to one of our specialist team who can help you understand your options.
“Hi, my name is Maureen, two years ago my interest only mortgage was coming to an end and I had no way to pay off the capital loan. I was worried that I would lose my house and the memories it held”
“I tried Equity Release, but didn’t qualify. The bank couldn’t help me. After speaking to Sell to Stay I found out that I could sell my home, with the guarantee I could continue to live there as long as I wanted paying a fair, affordable, rent”
How can we help?
We understand your situation better than most – many people have gone through the same mortgage problem that you are currently facing and we have helped those people to stay in their home.
We can provide you with expert advice, along with a personalised illustration from your financial adviser.
We can re-assure you that you are not alone in seeking a solution that can give you peace of mind. About 1.67 million people have interest only mortgage deals, with tens of thousands due to mature in the next few years with the capital loan still to pay.
We can provide support and guidance at every stage of the process.
Product Summary
You can sell between 25-100% of the property for a cash lump sum. You will have an affordable monthly rent payment (minimum of £200). The amount received will be based on an affordability check, your age(s) and property value.
You will be granted a Lifetime Lease which allows you to live in the property for the rest of your life, providing you adhere to the terms and conditions of the plan. You will be at risk of losing your home if you do not keep up your monthly rent payments.
This plan comes with the following options are available;
- Rent cease option; this allows you to select when you wish to pay rent to, the options are attaining age 80, 85 or 90 or you can continue to pay through the life of the plan. If there are joint clients these are the age of the youngest applicant.
- Rent reduction option; this is an option for joint applicants only. You can opt for rent to be reduced by 50% on the death of the first spouse.
This plan also benefits from an Early Vacancy Guarantee. Where the property is vacated within the first 5 years a cash sum would be payable calculated on 80% of the original valuation less the original cash release that was paid. For joint applicants this applies in respect of the last remaining applicant.
For example; Mr & Mrs Brown received a cash lump sum of £129,247 from their property which was valued at £250,000, paying a fixed rent of £250 per month. After a few years Mrs Brown became unwell and had to move into long term care. Mr Brown wants to downsize and move near the coast. He would receive a payment of £70,573 should he choose to vacate the property.
Your Steps to Security
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Independent Advice - we'll arrange an appointment for you with one of our Independent Financial Advisers. All our advisers are authorised & regulated by the Financial Conduct Authority.
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We tailor the plan to suit you and your situation and then pay you a tax-free lump sum - You'll receive a tax-free lump sum based on your age, property value and affordability.
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You Remain in Your Home - after paying off your mortgage, or other debt secured to your property, you'll make affordable monthly rent payments with the guarantee of being able to live in your home for as long as you wish.
Want to speak to someone?
Call us free from a landline and most mobiles.
Monday - Friday: 09:00 - 20:00
Saturday: 09:00 - 17:00
Sunday: Closed