Opening Hours
Mon - Fri 9am - 5:30pm
Evenings and Weekends by Appointment

Equity Release for over 60's

"Asset rich and cash poor" is a term that is overused in Ireland but it is a term that applies to more and more homeowners. It may apply to you or perhaps your parents.

Typically, these homeowners have cleared or will shortly clear the mortgage on their home. However, they may be retired and not have sufficient funds built up to allow them live the lifestyle that they would like.

Up to 2002, the only real option for such homeowners was to trade down to a lower value home in order release funds. However, this option did not appeal to the majority of homeowners who wanted to remain in their existing homes.

Now there are a number of alternatives. The most popular of which is an equity release mortgage that is offered by a number of Irish lenders. It does not involve handing over any share in the ownership of the home. It is a loan, secured against your house, that does not need to be paid back until you sell your house, move out or pass away.

At Blue Sky Mortgages we recommend that you take independent mortgage advice as well as independent legal advice in relation to these products. It is also worthwhile to involve all relevant family members as early as possible in the process.

Warning: Purchasing this product may negatively impact on your ability to fund future needs.

"WARNING YOUR HOME MAY BE AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT"

Mortgage Services

Horizon Financial | Tel: 1800 22 22 42 or Tel: 053 94 84868 | Email: info@horizonfinancial.ie
Pugin Court, St. Michaels Road, Gorey, Co. Wexford
Horizon Financial, c/o One Source, Beresford Court, Beresford Place, Dublin1

Brinkfield Investments Limited t/a Horizon Financial, Blue Sky Mortgages is regulated by the Financial Regulator.
Company Registration Number: 389863 | Registered in Ireland