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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

Three-quarters of over-55s plan to help kids out financially

Baby boomers are generous with their wealth now, but many worry about running in...

Equity release borrowers take an average loan of £77K

Older homeowners are boosting their finances, by taking money out of the equity ...

Rise in the cost of equity release mortgages

Over half of equity release mortgage lenders have hiked interest rates on their ...

Maximum age limits scrapped by Hinkley and Rugby Building Society

We work longer, live longer and buy homes later in life - and now this is being ...

Equity release booms as £1bn released in the third quarter of this year

A staggering £11m of property wealth is withdrawn every day by older homeowners

Saga launches ‘regular payment’ equity release deal

The new product enables homeowners to take monthly sums from the equity built up...

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