Equity release is often advertised as a product for over 55s, but the truth is anyone who owns a home can release equity. They can do so through remortgage, secured loan, a 25 year fixed mortgage, or lifetime mortgage. Lifetime mortgages are the only product that is on the market for the over 55s. It […]
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Equity release is becoming more and more commonplace. Greater numbers of retired home owners are utilising equity release to supplement their income, to finance larger purchases or allow them to adequately plan their estate to avoid their beneficiaries paying excessive inheritance tax. The first step in researching equity release has to be to know the […]
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An equity release entails taking some cash out of the equity that you have in your home. There are two primary ways to do this: a home reversion plan or a life-time mortgage. An equity release comparison begins by looking at the key differences between the two. The first part of the equity release comparison […]
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Two of the most common forms of equity release are lifetime mortgages and home reversion plans. They are similar in that they both allow equity to be released from your home. A lifetime mortgage is an equity release scheme that allows you to take a loan equivalent to a certain percentage of your home. There […]
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Retirement can be difficult for many based on the fact that many retirees do not have a fixed source of income except for their pension. Their pension amount may not be sufficient or it may be just enough to cover their daily living expenses. Many retirees are looking for an additional source of income to […]
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For people who have retired or have left their jobs because age is catching up with them, maintaining their lifestyle becomes a problem. With no regular income to cover the monthly expenses including debt repayment, managing the finances becomes extremely difficult. The amount in a bank account can vanish pretty quickly in such cases. Equity […]
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Equity release allows homeowners to benefit from the equity tied up in their property. The money that is raised can be withdrawn to suit the homeowner’s requirements and can either be taken as a lump sum or it can be made in flexible withdrawals. It allows older homeowners to tap into the value of their […]
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If you are facing the prospect of a retirement which is underfunded, you may have considered equity release. However, in order to determine how best to release equity, you will need a basic understanding of the types of schemes and plans which are available. The Types of Equity Release Available In order to determine how […]
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With the recent financial & economic turmoil, equity release schemes are gaining greater popularity due to their myriad of benefits. Mentioned below are some of the beneficial ways in which you can spend the tax free cash wisely. Clearing your debts One of the most common reasons for getting advice on equity release is for […]
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By using your house equity release can alleviate many retirement issues. One of the main reasons for people looking towards equity release as a financial tool is using its functionality & flexibility in moving home. Investing in new property There are two ways here that these lifetime mortgage schemes can help gains in the housing […]
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