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…
Category
Lifetime Mortgage
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…
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,…