News
MARCH 2008
Announcing the cheapest flexible product and increased LTVs on Lump Sum Max
We are delighted to announce the following changes to Stonehaven’s product range which are effective from Monday 10th March 2008.
Introducing Flexible Cash Release Options:
• New Flexible Cash Release Lite at 5.97% (the cheapest flexible product on the market for all your clients except those who are aged 60-65) and Flexible Cash Release at 6.43%
• In addition, the minimum initial advance has now been reduced to £15,000 and further drawdowns from the Cash Reserve Facility have been reduced to £2,000
Lump Sum Max:
• Lump Sum Max LTVs have increased by a further 1% for clients up to the age of 80
• The interest rate has increased to 7.21%
• The LTVs are capped at 48.5% from the age of 80 and above.