A Close Review of Equity Release Schemes

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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 Equity Release Interest Rates not as Low as Mainstream Mortgage Interest Rates?

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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Interest Only Mortgages and How to Choose the Right Deal

According to recent statistics from the Financial Services Authority, four out ten United Kingdom households have obtained finance for their property through an interest only mortgage. This type of mortgage deal was very popular in years gone by when the housing market was booming and property prices were high and the Bank of England base […]

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