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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 home reversion plan

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

How to use a lifetime mortgage

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

How to release equity from your home

Equity release is an important financial tool for older homeowners, and it's gro...

54% shop around for equity release

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

10,000+ released equity in 2012

More than 10,000 older homeowners freed up some of the cash tied up in their pro...

Case study – Home reversion plans

Patricia Davies, 77, had previously looked into home reversion plans but was uns...

Guides

Guide to borrowing past retirement age

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

Jargon Buster

A ability to pay A way of working out how creditworthy a borrower is, by esti...

Guide to equity release considerations

Equity release may not be the right option for everyone, so consider carefully w...

Guide to home reversion schemes

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

Guide to lifetime mortgages

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

Guide to equity release

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

News

Older people face financial difficulties

Older people face sleepless nights over their ability to pay bills while sitting...

Younger borrowers look to equity release

A greater number of borrowers below 65 are taking out equity release products, a...

Legal & General targets £100m equity release lending

Legal & General has announced plans to complete £100m of lending to the equ...

A million retirees have outstanding mortgages

As many as one million people approaching retirement age have an outstanding mor...

Legal & General to enter equity release market

Legal & General has announced plans to enter the equity release market by pu...

Equity release hits record levels

The equity release market is back above pre-recession levels as lending rocketed...

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Outdated ideas over equity release are holding homeowners back

Misconceptions about equity release products are holding older homeowners back from enjoying the equity built up their properties for retirement.

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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