We asked three Standard Life Home Finance customers what a Horizon lifetime mortgage has meant for them, and here’s what they said.
Don’t just take our word for it…
Helen, Sonya, Cliff and Ange shared their stories of how a Horizon lifetime mortgage has changed their lives, giving them the flexibility and freedom to enjoy their retirement, whether that means home improvements, a trip of a lifetime or helping out family members, living a life full of possibilities.Watch their stories here…
How else can a Horizon lifetime mortgage support your clients?
At Standard Life Home Finance, we are creating more choice and peace of mind in the later life lending market. Here are just 3 of our 5-star Defaqto rated features, supporting your clients both now and in the future.
1. Fixed ERCs of just 8 years
Fixed early repayment charges (ERCs) typically work on a sliding scale of fixed percentages in the early years of a lifetime mortgage loan, eventually reducing to zero. Across the lifetime mortgage market ERCs typically apply for 10 -15 years, but with Standard Life Home Finance’s Horizon range they only apply for the first 8 years.
With fixed ERCs on all Horizon plans, your client will always know how much they’ll be charged, should they choose to pay off the loan early in a circumstance where ERCs apply. Any charges which may be applicable will be detailed in the Key Facts illustration and Offer documentation.
2. An ERC exemption period that never expires
On a joint plan with Horizon, in the event that your client’s partner passes away or goes into long-term care, they have the option to repay their loan in full without incurring any ERCs, and without the pressure of an expiry date, because you can’t put a time limit on bereavement.
This allows your client the time and flexibility to make this decision if and when it is right for them.
Kay Westgarth, Director of Sales at Standard Life Home Finance comments: “I love that our ERC exemption feature never expires. It creates flexibility for customers and more importantly, it grants them time at a moment in their life when they need it most.”
3. Downsizing protection
With downsizing protection included as standard from day one, your clients have the flexibility to move home in the future, and if their new home doesn’t meet our lending criteria, they can repay their loan in full without incurring ERCs.
Sanjay Gadhia, National Sales Manager at Standard Life Home Finance comments: “Our downsizing protection feature is giving customers more choice knowing they can take advantage of their property’s value today and still downsize at any time in the future.”
Give your clients peace of mind with a Horizon lifetime mortgage and explore more of our market leading features here.