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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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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.
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Jargon Buster
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Guide to home reversion schemes
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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
Guide to home reversion schemes
Sep 22, 2020
Equity release rates fall as demand drops
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