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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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Andy Humphreys, marketing director at Legal & General Individual Retirement...
Guide to borrowing past retirement age
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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
Brits have more faith in property than pensions to grow retirement fund
Many people expect to downsize to a less expensive house to provide money for th...
New equity release plans hit four-year low
The lifetime mortgage market has been impacted by the wider economic crisis, as ...Property wealth growing factor in care costs for over-55s
Just over a third of over-55s believe their savings and investments will help fu...
Equity release providers cut rates and number of deals
Later life lending ranges have been slashed by 20% as providers adapt to the Cor...Homes hold £500bn of equity to release
Property wealth can be released to help fund later life, or to gift to children,...
Hodge extends later life lending up to 70% of property’s value
The market is gradually opening up and lending criteria becoming more generousMost 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
Jul 28, 2020
New equity release plans hit four-year low
Jul 17, 2020
Homes hold £500bn of equity to release
Jul 14, 2020
Equity release sector hit by lockdown
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