Equity Release is a credit facility that allows a property owner to unlock liquidity tied up in their real estate. The borrower retains ownership of the property while accessing funds of up to 60% of its Forced Sale Value.

You can borrow up to 60% of the property’s Forced Sale Value, subject to the bank’s single obligor limit and internal credit assessment.

The maximum tenor is five (5) years, with repayment structured flexibly to align with your cash flow.

Charges include a competitive interest rate, 1% flat management fee (payable upfront), and other standard fees such as monitoring fees, legal/perfection fees, and insurance premiums as per the bank’s tariff.

The loan is secured with:

• A Legal Mortgage over the property
• Registered Title Documents (e.g., C of O, Deed of Assignment)
• Third-party or corporate guarantees where applicable
• Undated cheques
• Remita/NIBBS Debit Mandate

Benefits include access to significant liquidity while retaining property ownership, potential capital appreciation, efficient service delivery with quick turnaround, competitive pricing, and flexible repayment arrangements.

Approval and disbursement are relatively fast due to minimal documentation requirements and efficient service delivery, allowing borrowers to access funds within a short turnaround time (subject to meeting all requirements).