Are Equity Release Schemes Just for the Over 55’s?

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Are Equity Release Schemes Just for the Over 55’s?

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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Getting Equity Release on a Second Home or Rental Property

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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A Winning Formula to Calculate Your Maximum Lifetime Mortgage

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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Using Equity Release Calculators to Determine Maximum Equity Release

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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Using Equity Release to Fund Retirement after the Death of the Pension

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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The Advantages and Disadvantage of a Home Reversion Plan

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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A Close Review of Equity Release Schemes

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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What are the Different Types of Equity Release Schemes?

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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Why are some Equity Release Companies now using flood checks in their lending criteria?

Equity release schemes are especially designed for the over fifty fives’ age group and represent a good way to raise finance for retirement, larger purchases or inheritance planning. However, they can be a little complex to understand and many people remain confused as to why a risk of flooding can have an impact on the […]

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Can I Remortgage my Existing Equity Release Plan?

For people who took out an equity release scheme several years ago, the increased competition in the industry has made the possibility of an equity release remortgage an attractive prospect. However, there are a number of factors which should be considered. Why an equity release remortgage may be a good idea There have been many […]

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