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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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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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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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 of retirement age, equity release can be a great financial solution. This can be especially important when the home owner is suffering from ill health. The equity release companies are aware of the financial pressure ill health can cause and many now offer impaired life equity release scheme products. These offer a greater […]
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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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