What is the Halifax Retirement Home Plan?
Posted on 3 February 2018 by V. Gunton
Halifax Retirement Home Plan
Hi V. Gunton,
In essence, the Halifax Retirement Home Plan is a conventional mortgage but with a twist.
The Halifax Retirement Mortgage is a scheme whereby the borrower can choose any of their existing new business mortgage rates and for the payment of the interest each month there was no final redemption deadline. The mortgage ran until the property was sold, either on death or earlier.
This scheme was withdrawn with effect from Wednesday 17th August 2011.
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