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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If one would like to raise funds for a project or to enhance their retirement benefits, they can choose to get equity release on a second home. This is not as common as equity release schemes on a main residence, nevertheless a couple of lenders will assist in this area. Companies such as LV= have […]
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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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When people are considering equity release, the primary concern for most people is how to ensure that they obtain the maximum amount of release possible from their home. The majority of people obtaining equity release schemes are doing so to optimise their assets, especially if they are looking to purchase a second home. A conventional […]
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In the current economic climate, a great number of people are struggling to survive on their pension income. As the methods of quantitative easing have slowly eroded the value of savings, compromised traditional pensions and brought the rates of annuity down, many pensioners are struggling to maintain their lifestyle with even basic necessities. For many […]
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A home reversion plan is where you are able to sell part or all of your property to a home reversion provider in return for tax free money. This means you release the equity in your home. A home reversion plan is generally available for those 65 years and older. It is only one type […]
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If you are a pensioner who is looking for an additional source of income, you can choose to apply for a home reversion plan from one of the main providers such as Bridgewater, Aviva, or New Life Mortgages. A reversion plan makes it possible for you to sell all or a portion of your property […]
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Home reversion plans revolve around the idea that you sell a small part of your home and you get money in exchange for that portion sold. There is a big reason why reversion mortgages were popular: in the nineties & noughties, people were worried about not having as much cash as they should in their […]
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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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A home reversion plan is one of the most common forms of equity release that gives pensioners the opportunity to release equity from their home thus allowing them to obtain an additional income source. A reversion provider will purchase a percentage of or the entire home. In most cases, homeowners will not receive the full […]
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