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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
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
Equity release market has doubled in the last three years
The number of plans taken out rose by over 20% in 2018 alone, as older homeowner...
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 homeownersMost Read
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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
Nov 06, 2018
Rise in the cost of equity release mortgages
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