n Personal Finance Newsletter - Financing your retirement through your property : retirement

Volume 2006, Issue 310
  • ISSN :



Extracted from text ... 6 October 2006 Moneyweb's PERSONAL FINANCE RETIREMENT KNOWN as the "reverse mortgage" or "equity release" concept in the UK and US respectively, Nedbank's Home Income Plan now allows retired individuals to release the value in their properties. Up to 45% of the property value can be borrowed against, with a minimum loan value of R250 000. The money can either be taken as a lump sum, or in monthly draw-down amounts. Financing your retirement through your property Homeowners over the age of 65 can now access finance through the equity that is normally locked-in to the value of their ..

Loading full text...

Full text loading...


Article metrics loading...


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error