|
Jul 31, 2006
Premier Cru Fine
Wine Investment has launched “Home Cellars,” an investment mortgage repayment
product that uses fine wine as the repayment vehicle.
According to the
company, mortgage payments are a considerable cost to a household and
homeowners may search for additional ways to save money. Premier Cru Fine Wine
Investments says implementing an investment plan alongside an interest only
mortgage can considerably reduce costs in the long term, and fine wine can function
as an ideal investment vehicle for mortgage repayment since it has the
potential to reduce costs compared to Capital Repayment schemes.
The London-based
investment house further added that “Home Cellar” is tax free and not assigned
to the mortgage lender. Aside from the fact that fine wine investments
generally exceeds standard investments, this instrument is flexible enough to
allow the holder to adjust monthly payments to suit financial needs, Premier
Cru explains. Since life assurance is a separate term insurance, holders do not
lose cover if the wine investment is temporarily stopped.
|
