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

Blog Archives

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 […]

Read More

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 […]

Read More

Using an Interest Only Lifetime Mortgage Calculator

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 […]

Read More

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 […]

Read More

Packing Up Your Property

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 […]

Read More

Choosing Between a Lifetime Mortgage or a Home Reversion Plan

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 […]

Read More

Home Reversion Plans Help Turn Your House into a Home

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 […]

Read More

Learn How Much You Can Borrow With an Equity Release Calculator

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 […]

Read More

Equity Release Can Offer Dignity and Pride in Your Golden Years

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 […]

Read More