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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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Mary Harris, 77, and husband Thomas Harris, 84, are retired teachers.
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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
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