Selling your house is a difficult and stressful business. It is also one that requires infinite patience and stamina. Letting go of a property you have developed can be hard, and resisting the urge to put a Home Reversion clause into the contract is even harder. However, there are ways and means of simplifying your […]
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Two of the most common forms of equity release are lifetime mortgages and home reversion plans. They are similar in that they both allow equity to be released from your home. A lifetime mortgage is an equity release scheme that allows you to take a loan equivalent to a certain percentage of your home. There […]
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Retirement can be difficult for many based on the fact that many retirees do not have a fixed source of income except for their pension. Their pension amount may not be sufficient or it may be just enough to cover their daily living expenses. Many retirees are looking for an additional source of income to […]
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Pensioner poverty may not be obvious now; however, sooner than later it will become a reality for retirees trying to make ends meet. Personal pensions have been reducing gradually in the past few years, while the state has insufficient income to fill the widening gap. What makes it worse is the fact that people are […]
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For people who have retired or have left their jobs because age is catching up with them, maintaining their lifestyle becomes a problem. With no regular income to cover the monthly expenses including debt repayment, managing the finances becomes extremely difficult. The amount in a bank account can vanish pretty quickly in such cases. Equity […]
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An equity release mortgage can be a real bonus for many people who want to make their retired lives more comfortable and financially secure, while keeping all their assets in their possession. Equity release schemes allow you to release or free-up some of the value of your property while continuing to live in it. There […]
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Equity release allows homeowners to benefit from the equity tied up in their property. The money that is raised can be withdrawn to suit the homeowner’s requirements and can either be taken as a lump sum or it can be made in flexible withdrawals. It allows older homeowners to tap into the value of their […]
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When considering an equity release scheme, for most people the biggest consideration is getting a great deal from a reputable provider. Aviva have been an equity release provider for a great number of years and with their recent decision to cease their direct sales of equity release, many people are concerned that they will no […]
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After the end of June 2013, it will no longer be possible to obtain an equity release scheme from the Aviva direct team. The company has been providing equity release schemes direct for over a decade, but have made the decision that offering their services direct through their sales team no longer represents the best […]
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There are a number of parties which may benefit from the decision made by Aviva to remove their service of offering direct. These include the independent equity release brokers and advisers such as EquityRelease NU. However, the primary beneficiary should be the customers. Why would it be of benefit to customers? There are a number […]
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