Senior Times – Mind It! podcast with Elaine Mackey, Head of Product Management – Homebuying at Bank of Ireland
Elaine Mackey, Head of Product Management – Homebuying at Bank of Ireland, recently, took part in the Senior Times – Mind It! podcast series to discuss the bank’s Trade Down Equity Release Mortgage option.
This option allows eligible customers to borrow up to 60% of the value of their existing mortgage-free home to purchase a new property, without having to sell their current home first. Customers then have up to 12 months to sell their existing property and use the proceeds to repay the loan.
Key benefits include:
- Buy your new home before selling your current one.
- No monthly capital or interest repayments during the loan term.
- Up to 12 months to complete the sale of your existing property.
- Designed for homeowners who own their current home outright and do not require a long-term mortgage on their new home.
Hosted by journalist Sinead Ryan, this is an informative interview that discusses the bank’s trade down equity release mortgage option.
Listen to the full interview on Sound Cloud here.
For more information on the trade down equity release mortgage option, please go to the Trade Down Equity Release page.