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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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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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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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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