Hodge

Description

Equity Release Adviser Course Mind Map on Hodge, created by ian.pine on 01/07/2013.
ian.pine
Mind Map by ian.pine, updated more than 1 year ago
ian.pine
Created by ian.pine over 12 years ago
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Resource summary

Hodge
  1. Min Age 60
    1. Max Age 85
      1. Min Property Value £100K
        1. Max Property Value £1M
          1. Min Release £20K or £15K plus £5K reserve
            1. Max Rel £500K
              1. Min drawdown £1K
                1. ERC 5% on sliding scale first 5 yrs (not if moving) plus based on Swap Rates charge if rates have risen or stayed the same max 25%
                  1. Free Val up to £350K
                    1. 10% payments after 1st yr min £500 2 per year
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