Category : Equity Release

For the majority of homeowners, their property is their greatest asset. If you have owned a property for ten years or more or already paid off your mortgage, you have most likely accumulated a large amount of equity. So it makes sense that many people look to use the equity that is tied up in …

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There are many reasons that someone would choose to release equity from their property. It could be to fund home improvements, pay off debts, fund college or university fees, or start a business. You may also be at a stage of life when you want to release equity to fund your retirement. Source – @sonance …

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Lifetime mortgages vary in their types, and you can choose whichever one suits your needs. A Roll-up Lifetime mortgage refers, as the name suggests, to the kind of mortgage where your interest rate ‘rolls up’ or compounds until repaid (which is when the last homeowner dies or moves into care). In this kind of mortgage, …

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Lifetime mortgages are a type of equity release plan, secured against your current home. There are different types of lifetime mortgages, and each comes with its own benefits and pitfalls. Generally, the eligibility criteria for all types of lifetime mortgages state that you should be at least 55 years old, and the value of your …

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As you move closer to retirement, it becomes increasingly difficult to borrow money traditionally, as lenders recognise your income can be less regular. However, there are many different equity release products available to allow customers to borrow funds even after retirement. For accessing any kind of lifetime mortgage, you have to be at least 55 …

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An interest-only lifetime mortgage is a kind of equity release from the property, provided only to people over the age of 55. The borrower only has to pay monthly interest at a fixed rate, while the principal amount borrowed remains the same. This amount need only be paid when the person should pass away or …

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What is equity release? Many people find themselves needing access to more cash in retirement. But if you don’t have enough savings, could you use the value of your home to boost your finances? Equity release is a financial instrument that allows you to extract cash out of your property by taking out a loan …

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