Below is an example of an email sent by an IFA, recommended by tax-defrauding N.M. Rothschild & Sons, in respect to the abject performance of the Rothschild Credit Select Series 4 Equity Release product.

The figures reflect three things:

Confirmation that Rothschild vets all investment service providers before recommending them to their victims, and confirmation that such powers are hardly consistent with Rothschild’s preferred phrase: “WE WERE ONLY THE LENDERS…”

– The inexistent skills of whoever was entrusted with investing the funds.

– The inability of the Rothschild Equity Release product to ever make any progress in respect of providing an income stream, let alone paying the cost of the mortgage (and the IFA).

 

 

Dear Mr & Mrs…,

I hope you are well, please find below the quarterly update on your equity release scheme.

Your investment as at 23rd October 2013 was €138,518.70. Your loan balance as at 23rd October 2013 was €331,628.90 the difference between your loan and your investment is €193,110.20. The loan to value is 45.78%, Rothschild will request additional funds from you if this percentage rises above 35%. Loan to value is calculated using 100% of the value of the investment and 35% of the original property valuation.

The current interest rate charged on your loan by Rothschild is 1.723% (including Rothschild margin of 1.50%) ending the 23rd January 2014.

As discussed previously there is a limited choice of approved investments for this scheme and their performances are detailed below:

Investment YTD 2012 2011 2010 2009
Rothschild Cash account 0.15% 0.30% 1.10% 0.45% 0.75%
Optima 2 Closed 1.90% 2.10% 92.00% 5.70%
Optima 4 +0.89% 3.87% 1.30% 86.00% 8.54%
Aspecta Optima 2 -1.31% 2.05% 2.44% 33.00% 5.46%
Aspecta Optima 4 -0.16% 2.65% 1.70% 0.96% 5.86%
Ashburton Replica 22nd Oct +3.19% 6.29% -0.70% 11.71% 11.43%
Premier Balanced Fund  +0.23% 6.20% -7.74% 5.81% 7.77%
Armstrong CRR -1.79% 0.80% -8.20% 5.67% 12.30%
Armstrong DDS 4.33% 7.20% -0.20% 12.30% 31.30%

If you have any queries please do not hesitate to contact