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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

Ipswich Building Society launches new deal for older homeowners

The mutual has introduced the later life mortgage deal and cut rates on its buy-...

Five-fold increase in lifetime mortgage products in five years

The number of equity release mortgages has mushroomed, as lenders respond to inc...

Over-65s earn £1k a month from their homes

Pensioner property wealth has now hit an all-time high of £1.118 trillion

Two-thirds of over-55s don’t ever want to have to move home

The majority of older homeowners love the home they live in, and don't want to d...

What are RIO mortgages and why are more lenders launching them?

Retirement Interest-Only mortgages are designed to support older mortgage borrow...

Retirement Interest-Only mortgages launched by Nottingham Building Society

Older borrowers have an increasing range of borrowing options to support them in...

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