Gordon Gekko
Registered User
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- 7,936
My aunt and uncle needed money to renovate their home and we identified Seniors Money as a potential solution.
The company were a joy to deal with. A detailed presentation was made via Teams with all of the immediate family present. There was no hard sell. The ‘downside’ and the power of compounding were highlighted on many occasions.
The paperwork was executed in the garden.
There’s great flexibility to the product in that repayments can be made and this is what they’ll be doing (funded by their kids via a tax efficient covenant).
They took out €80k on a house that’s worth €400k.
And to the company’s credit, they wrote to the couple recently and said “we’ve reduced our fixed rate from 5.5% to 4.95%…because you joined us so recently, we’re going to reduce your fixed rate as well.”
They didn’t have to do that…Fair play.
I have been very impressed with the company and with the service (and I have no connection with them).
The company were a joy to deal with. A detailed presentation was made via Teams with all of the immediate family present. There was no hard sell. The ‘downside’ and the power of compounding were highlighted on many occasions.
The paperwork was executed in the garden.
There’s great flexibility to the product in that repayments can be made and this is what they’ll be doing (funded by their kids via a tax efficient covenant).
They took out €80k on a house that’s worth €400k.
And to the company’s credit, they wrote to the couple recently and said “we’ve reduced our fixed rate from 5.5% to 4.95%…because you joined us so recently, we’re going to reduce your fixed rate as well.”
They didn’t have to do that…Fair play.
I have been very impressed with the company and with the service (and I have no connection with them).
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