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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
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Home reversion schemes are an alternative method of releasing equity from your p...News
Equity release borrowers lack understanding and feel pressured to buy
New research found that some borrowers didn't fully understand the product at th...Over 23,000 homeowners unlocked property wealth in first three months of 2022
Record numbers of older homeowners are looking to equity release to boost their ...Longer-term mortgages and high first-time buyer age set to eat into pensions
First-time buyers could be repaying their homeloan into retirement, hampering th...Newly retired spend £3,700 supporting their family
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Later life borrowing is rising in popularity as older homeowners look to unlock ...Equity release mortgage rates are rising
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