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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

Top tips for downsizing

With more and more homeowners moving to smaller properties later in life, the Na...

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.

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

Baby boomers give cash boost to children

Older homeowners use equity release to help their children onto the property lad...

Older homeowners see property values soar £159,000

Over-65s own property worth over one trillion pounds, having benefitted from ris...

Family gifting pushes equity release to record levels

Homeowners are using their property wealth to fund house deposits and university...

Three million potential downsizers hold £1trn of housing wealth

Older homeowners need more housing options to downsize into

Legal & General targets interest-only borrowers with new lifetime mortgage

The mortgage sits between an interest-only mortgage and an equity release deal

Three-quarters of housing wealth in the UK is held by over-50s

There could be a rise in older homeowners downsizing to release equity in their ...

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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.

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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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