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…
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Type of Lifetime Mortgage
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…