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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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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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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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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Many people considering an equity release scheme often compare equity release interest rates with mainstream mortgage interest rates and are disappointed by the difference. A great number of people are dissuaded from equity release because of this reason. However, by understanding the differences between the product ranges, you will gain an understanding of why the […]
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For those approaching retirement age, equity release can be an excellent way to improve lifestyle, implement debt consolidation or even financially assist family members. For many the possibility of enjoying a comfortable and relaxed retirement after working for forty years and diligently paying a mortgage, is only possible with equity release. There are a number […]
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By using your house equity release can alleviate many retirement issues. One of the main reasons for people looking towards equity release as a financial tool is using its functionality & flexibility in moving home. Investing in new property There are two ways here that these lifetime mortgage schemes can help gains in the housing […]
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Many people are worried about the prospect of facing their golden years with a limited or insufficient income. With the UK cost of living increasing and the prices of basic utilities becoming very high, many people about to retire are worried about their financial future. However, equity release could offer a solution which will allow […]
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