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Equity Release

Introduction

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If you are a cash-strapped homeowner over 55, an equity release scheme could be ideal for you.

Many older people have a lot of home equity – value tied up in their property – but would like more ready money. Using a lifetime mortgage or reversion scheme could give you a release of equity, as a lump sum or in regular payments, to supplement your income.

It is essential that you seek professional financial and legal advice before signing up for equity release, as it will impact on your estate.

How To

How to use a lifetime mortgage

Lifetime mortgages can provide money for your retirement without the headache of...

How to use a home reversion plan

Home reversion schemes are an alternative method of releasing equity from your p...

Case study – Home reversion plans

Gail Shaw, 77, had previously looked into home reversion plans but was unsure ab...

Case study – Lifetime mortgages

Mary Harris, 77, and husband Thomas Harris, 84, are retired teachers.

How to release equity from your home

Equity release is an important financial tool for older homeowners.

54% shop around for equity release

More than half of those homeowners who signed up for an equity release scheme wi...

Guides

2016: The tipping point for lifetime mortgages?

Andy Humphreys, marketing director at Legal & General Individual Retirement...

Guide to borrowing past retirement age

As an older borrower, you may be concerned that a lender will not offer you a mo...

Guide to tracker mortgages

This type of product follows the Bank of England Base Rate or the lender's Stand...

Guide to equity release

More and more older people are turning to equity release mortgages to enable the...

Jargon Buster

When you take out a mortgage you will probably encounter a raft of jargon, some ...

Guide to home reversion schemes

Home reversion schemes are an alternative method of releasing equity from your p...

News

Older borrowers released record levels of equity from their homes in 2017

A record quarter for equity release activity in the last three months of 2017 to...

Equity release lending booms as homeowners tap into property wealth

Pensioners unlock an average £77,380 from their homes

Equity release lending rockets to record high

The number of homeowners taking out an equity release plan reached record levels...

The £10K price tag to adapt your home for old age

Making a home 'retirement ready' means you can live in it for longer

Equity release soars as pensioners unlock £71K from their homes

The property wealth released by new equity release customers in the third quarte...

Retirement mortgages relaunched by Vernon Building Society

The deals come without maximum age limits and can be taken out on a repayment or...

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Speak to an adviser

If you are considering taking out an equity release product and would like to speak to an impartial adviser, read on.

Quarter of over-45s expect to use equity release

Just under a quarter of homeowners aged over 45 expect to use the equity in their property.

Family BS links with later life advisers

The Family Building Society, which launched to market in July, has linked up with four partner firms to offer advice to members on Later Life Planning.

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