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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

Over 55s’ homes are worth an average £290k

On average they want £115K to be happy in retirement, but can older homeowners ...

Financial advice needs to cater for booming older market

Homeowners are ageing, but is the later life lending boom putting pressure on f...

Record number of homeowners take out equity release plans

Older homeowners are releasing equity to fund retirement, pay off interest-only ...

One in five last-time buyers would move to a retirement village

Security and a sense of community make retirement villages appealing to many old...

Wannabe downsizers struggle to sell their homes

Retired homeowners looking to downsize to a smaller home find it harder to sell ...

Equity release market booms as older homeowners cash in

The sector is witnessing double-digit quarterly growth and increased competition...

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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

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