Equity release explained

This is one of the most popular types of equity release , which involves borrowing a sum of money against the value of your home. Unlike a conventional mortgage, you do not have to make repayments. Instea interest is added onto the value of the loan each year until the property is sold or the owner dies.

The catch is that the income-provider must be repaid at a later stage, usually when the homeowner dies. There are two main types of equity release : lifetime mortgages, which allow you to borrow money .

What are the main types of. Over 5 struggling for cash, but own your own house? You can either borrow against the . Thinking about using your home to raise money through equity release ? We explain the two main options to consider. Many people find themselves needing access to more cash in retirement.

Find out the different methods to do this here.

If you are looking to release equity in your home you might consider and equity release mortgages. Read on for our full guide on equity release. If this sounds like you, equity release can help you unlock some of the cash tied up in your home, without you having to sell up and downsize to a smaller, . Equity release is a way to unlock the value of your home by taking out a loan against it. Complete our enquiry form and an adviser can explain all your . Impartial equity release advice is essential, so equity release pros and cons must be explained. Aswell as the benefits of equity release , as an advisory service . Want to learn more about home equity release ? See the difference between lifetime mortgages and home reversion plans.

A lifetime mortgage is the most popular type of equity release scheme which is designed . The Equity Release Supermarket Free Guide to Equity Release offers a clear and concise explanation of what equity release is, and how these increasingly . Before you consider an equity release scheme of any sort, read our comprehensive guide and detailed FAQs covering every little aspect. Equity Release Explained … An equity release scheme allows you to raise money from your property, either as a lump sum or regular income, or both, whilst at . If you own your home, you may be considering equity release as a way to release money from its value. However, equity release is a big .

There are a few factors that a provider will look at when deciding the amount of equity they can release to . Viva Retirement Solutions, find out about equity release.