Category: Equity Release

Equity release refers to a range of products letting you access the equity (cash) tied up in your home if you are over the age of 55. You can take the money you release as a lump sum or, in several smaller amounts or as a combination of both.

The growth of the Equity release market

Posted by on 25/04/2017 in Equity Release, Mortgages

Equity release is a scheme in which people over the age of 55 can place their homes on security to effectively take out a loan. The equity release scheme is helpful for individuals who want a lump sum or a regular income for their retirement, but do not have enough in their savings. The scheme […]

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How long does it take to remortgage a home

Posted by on 22/02/2017 in Equity Release, Mortgages

Remortgaging allows you to recover the money you have been repaying your original mortgage lender by paying off the balance of his mortgage and pocketing the rest of the money. You pay off this balance from the money you get from remortgaging. Because the amount of money you get from remortgaging depends on the value […]

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Getting a loan through equity release schemes

Posted by on 20/02/2017 in Equity Release, Mortgages

An equity release is when a homeowner uses all or part of his house as a loan security. The owner is given money in return for a share in home ownership. The lender does not occupy the house. He only claims a monetary share of the house which he will reclaim when the house is […]

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