Scottish
Widows Homeowner Loan
Scottish Widows Bank Secured Loans
How
much can I borrow from Scottish Widows Bank?
The
Scottish Widows Bank Home Equity Loan is designed to be as
simple as possible. As long as you are over 60 years of age,
are a homeowner and require a loan of £10,000 or more
you are eligible to apply.
All
you need to decide is how much you would like to borrow, and
what form the repayment will take. You can use the money Scottish
Widows Bank give you in any way you like.
How
is the Scottish Widows Bank loan repaid?
You
can choose to make no repayments, and the loan will be repaid
in full from the sale of your house on your death. If you
have taken the loan in joint names, of course, the loan will
not be repaid until the second death or if the surviving borrower
moves into long term care. Alternatively you can make monthly
interest payments. Either way, the Scottish Widows Bank Home
Equity Loan means you can release the equity from your property
and help you enjoy your own worry-free retirement.
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