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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

11.6 million received an inheritance in last 10 years

Nearly one in three of those who receive an inheritance don't get it until they'...

Equity release enquiries more than doubled in last two years

The financial impact of the pandemic has driven many older homeowners to conside...

Equity release can enable homeowners to financially help children

Many older borrowers choose to unlock property wealth to help their family, ofte...

Two-thirds of equity release customers consult family over their decision

Lifetime mortgage customers are 'actively encouraged' to discuss their choices w...

Equity available in UK homes reaches record £730bn

Releasing property wealth can help older homeowners to fund later life or gift t...

Equity release deal numbers reach close to 700

Equity release enables homeowners to unlock their property wealth in later life,...

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