Products & costs
Flexible Cash Release Options
Our Flexible Cash Release options allow you to have cash payments when you need them.
You decide how much you want as an initial amount of cash and then leave the remaining amount in a Cash Reserve Facility.
In order to provide certainty in your planning, we will guarantee that a percentage of this Cash Reserve Facility is available, no matter what happens to house prices or interest rates. The remaining amount available to you will depend on your age, your house value, the outstanding balance and Stonehaven’s lending criteria at the time you make any subsequent withdrawals. This means that the total reserve available could increase or decrease in the future.
You may apply to withdraw further amounts. The interest rate on each cash payment is fixed each time you release the cash, based on the rates offered by Stonehaven at the time. You never pay interest on the Cash Reserve Facility, but just on the actual amount borrowed.
The differences between the Flexible Cash Release product options are the maximum amount that you can borrow and the interest rate that you will pay.
To find out the maximum that you can borrow, go to our Equity Release Calculator where you can put in the age of the younger borrower and what you think your house is worth.
Free Protected Equity option
With all Stonehaven Lifetime Mortgages you can choose to protect a percentage of the eventual sale value of your home. This means that the percentage you choose to protect is guaranteed to be available to you or your beneficiaries in the future.
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