Description: Equity release refers to a range of products letting you access the equity (cash) tied up in your home if you are over the age of 55. You can take the money you release as a lump sum or, in several smaller amounts or as a combination of both.
2. Equity release: what is it and what are the risks ...
Description: Equity release is only available to those aged 55 and over. If you're close to 55, you may feel like you're in a position where you can wait until then. However, if you're a homeowner in more pressing need, it's worth speaking to a mortgage broker about the possibility of remortgaging, or even contacting a financial adviser if your situation is ...
Description: What is equity release? Equity release schemes allow you to access your property's value for more cash in retirement – but equity release is an expensive, lifetime, commitment. If you're facing a pension shortfall or need to meet an unexpected expense, equity release can seem attractive.
Description: Equity release reduces the value of your estate and the amount that will go to the people named as beneficiaries in your will. Your estate is everything you own, including money, property, possessions and investments. With a home reversion plan, the reversion company owns all or a part-share of your home.
Description: Equity Release Explained Equity release is a way to get some of the cash (equity) out of your property without having to sell up and move. The equity is simply your property’s market value minus any mortgage or loans secured against it. Equity release is only available to homeowners aged 55 and over with a property worth at least £70,000.
Description: Equity release is a means of retaining use of a house or other object which has capital value, while also obtaining a lump sum or a steady stream of income, using the value of the house.. The "catch" is that the income-provider must be repaid at a later stage, usually when the homeowner dies. Thus equity release is particularly useful for elderly persons who do not intend or are not able to ...
Description: Equity release is a way of unlocking some of the value of your home and turning it into a tax-free, cash lump-sum. It’s essentially a long-term loan that’s repaid using your home once you pass away or require long-term care.
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Description: Equity release allows individuals aged 55 and over to release money from the property they live in without having to make any monthly repayments. There are two types of equity release; Lifetime Mortgages and Home Reversion plans. Learn More. Membership at Equity Release Council.