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…
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…
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.