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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
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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
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Jargon Buster
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Guide to home reversion schemes
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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
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In Depth
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Dec 04, 2015
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