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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

Revealed: The 10 places Brits dream of relocating to

People are looking for a new way of life and they're spending lockdown researchi...

Is this the UK’s lowest ever equity release mortgage rate?

The fixed lifetime mortgage rate has been reduced in light of record low interes...

Average cost of equity release mortgages rises

Lifetime mortgage rates were at a record low in March, but they have starting ti...

Equity release lending rose in first quarter of 2020

The later life lending market was experiencing a boost in business before the lo...

UK’s lowest equity release mortgage launched

The mortgage is available at 2.78% and can be taken with a remote valuation and ...

Equity release lending dipped 3% in 2019

The average interest rate on a lifetime mortgage fell to 4.48%, a record low

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