Prudential Property Value Release Plan 'has customers needs in mind'
www.moneynews.co.uk > Mortgages > Prudential Property Value Release Plan 'has customers needs in mind'
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Prudential Property Value Release Plan 'has customers needs in mind'
Tue 9th May 2006
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Jan Holt, head of lifetime mortgages sales at Prudential, spoke of the company's agreement with the statement that due diligence investigations should be carried out on any provider of an equity release drawdown mortgage.
This would ensure that all of the characteristics of the mortgage and the possible risks it could pose are well documented and detailed, Ms Holt said.
"Every drawdown product is different and customers' needs vary, so different products will suit different people and it's important that advisers clearly understand the features of the various products to ensure these different and changing needs are met, beyond the initial loan," she added.
The company claims that the Prudential Property Value Release Plan offers a fair solution to customers and a secure option for advisers.
Interest payable on the loan is fixed for the duration of the contract but any additional borrowing will carry whatever a rate to be decided upon by Prudential, which it claims will be competitive within the equity release market.
Related News : Mortgages |
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Related News : Prudential |
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