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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

Bank of Gran and Grandad gifts almost a million pounds a day

Older homeowners are releasing property wealth to gift to family members to use ...

Equity release product choice hits new high at over 750 plans

Not only are there more mortgages on offer, equity release products are packed f...

One in six set to be paying mortgage beyond 65

Higher house prices and longer mortgage terms mean many borrowers will still be ...

31% rise in the size of equity release mortgages

Wealthier homeowners have started to release equity from their homes, and it's s...

£1bn of property wealth released in first three months of the year

The number of equity release plans sold has fallen, but the value of wealth rele...

Homeowners over 65 make £500-plus a month from rising property prices

In 11 years, pensioners have made an average £90,000 in property wealth

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