The money you can attain by using equity release is a tax free sum. It can be used on any number of expenses during your retirement. You might use it to pay off your debts, repay a mortgage, or take that once in a lifetime holiday around the world. How you use it is of little concern to the equity release company. They are more interested in their profit based on your ability to repay t…
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Equity Release UK is Becoming Increasing Popular Amongst the Over 55s
Equity release UK is becoming more popular and this can be owed to many reasons, especially the up and coming lifestyles of the over 55s. Equity release is the process where you are able to release money that would otherwise be tied up in your home. The main ways to release equity are through a lifetime mortgage or a home reversion.
Reasons for Popularity
Equity release in the UK is becoming…
Research Equity Release Schemes by Video
Many people want to opt for the safe haven of equity release schemes after their retirement because they want to make use of the money that has been invested in the property. It is important to carry on some research before embarking on a particular equity release scheme, as the variety of schemes might baffle you initially. In order to get a thorough outlook, it is necessary to compare equity…
How to Improve Post Retirement Finances by Using Equity Release Schemes
If you are 55 or older, of retirement age, and you are considering options to increase your finances then equity release is an interesting option to consider. You might be asking yourself, though, how does equity release work? Well, here is a basic idea of how it works.
Equity release schemes are plans that allow you to raise money from your current home by releasing some or all of the equity.
Become Attuned to the Lifetime Mortgage Calculation Process
For many people in their retirement, equity release can seem like the perfect option for their circumstances. However, it does represent a major decision and as such requires serious consideration. There are a number of online resources and tools such as equity release calculators which offer a lifetime mortgage calculation which will enable you to become more familiar with the calculation…
Using a Lifetime Mortgage Calculator for Pension Supplement
For many people aged over fifty-five, the prospect of surviving on their pension can be pretty bleak. However, for those who own their own home, equity release can provide an excellent way to supplement their pension income and allow additional funds for purchases, investment or planning for the future. Lifetime mortgages are the most common form of equity release and these types of plans can…
Extra Funds during Retirement
People who are above fifty-five may have difficulties meeting their daily needs especially with insufficient pension provision. These people may be in need of some extra funds during retirement. Retirees who own a property are realizing that they have funds tied up in their property. This is termed ‘equity’. Therefore, imagine if these funds were then made available & were at their disposal,…