Equity Release can affect means-tested benefits, as the released money may impact eligibility for certain benefits. The impact varies depending on the amount released and the specific benefit. Here’s a simple breakdown of how Equity Release can affect benefits: It’s important to note that seeking professional financial advice is highly Read more…
The two eligibility rules for Equity Release that are most often cited are that you need to be over age 55 and be a homeowner. And that is quite correct. However, there are a number of other factors that are also taken into account by a lender when deciding whether Read more…
After spending a good amount of time in your home, you might be thinking about some home improvements to make it more comfortable and enjoyable.
Receive a lump sum of tax-free money. The money you take is your own money that just happens to be tied up in your home.
Are you getting ready to stop working and retire, but you are concerned about how you can repay debt in retirement?
Lifetime Mortgages are increasingly being used to fund methods of making a property more energy efficient.
You are not prevented from moving house with an Equity Release Plan, but it may be something that will require some thought before you do so.
Can you save money by switching Equity Release providers? Did you know that you can switch your Equity Release provider if you have had your plan for at least 12 months? Whether it will save you money depends on a number of things though. You might even be thinking of Read more…
The bigger the deposit that can be put down on a house the better. Having 10% or more will widen your choice of lenders and products.
The amount of interest you owe on an Equity Release Plan is most commonly calculated by ‘rolling up’ the interest.