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Equity Release
Introduction
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
Retired homeowners saw their property’s value rise on average £3K last year
Welsh older homeowners were the biggest winners, but in two regions retired home...
Three in four over-65s own their home outright
Property wealth is likely to play an increasing role in funding retirement as we...
Eight in 10 choose equity release to avoid downsizing
Some prefer to release equity from their home with a mortgage than downsize to a...
More than 40k interest-only mortgages to mature this year
Most borrowers will pay their outstanding balance on maturity, but some will nee...One in three will help fund retirement with property wealth
Only two in five homeowners are happy with their proposed retirement income
Equity release lending fell at end of 2019
Both the total amount lent and the number of lifetime mortgage plans taken out f...Most Read
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In Depth
Jan 18, 2017
Guide to borrowing past retirement age
Dec 04, 2015
Lending to older borrowers must improve
Oct 08, 2012
Guide to home reversion schemes
Jan 17, 2020
Equity release lending fell at end of 2019
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