Is Equity Release Right for You?
Is Equity Release Right for You? Equity release may be right for some UK homeowners aged 55 and over, but it is not suitable for everyone. It can help you access money from your home without selling it, but it can also reduce the value of your estate, affect inheritance, change your entitlement to means-tested […]
How Does Equity Release Work?
How Does Equity Release Work? Equity release lets some UK homeowners aged 55 or over access money tied up in their home without selling or moving out. The most common type is a lifetime mortgage. You borrow against your home, keep ownership, and the loan is usually repaid when the last borrower dies or moves […]
Downsize or Equity Release?
Downsize or Equity Release? Should you downsize or use equity release to stay in your home? If you want to access money from your property in later life, two of the biggest options are downsizing or equity release. Downsizing means selling your current home and moving to a lower-value property. Equity release may allow you […]
Equity Release vs Remortgage
Equity Release vs Remortgage for Home Improvements: Equity release and remortgaging can both help homeowners raise money from their property, but they work very differently. A remortgage usually means switching to a new mortgage deal, often borrowing more money and making monthly repayments. Lenders usually check your income, affordability, age, credit history and property details. […]
How Much Equity Can I Release?
How Much Equity Can I Release? You may be able to release part of the value tied up in your home through equity release, typically via a lifetime mortgage. The amount depends mainly on your age, property value, health, existing mortgage balance, property type and the lender’s criteria. As a broad guide, older homeowners may […]
What is a lifetime Mortgage?
What Is a Lifetime Mortgage? Equity Release Explained: A lifetime mortgage is not simply a way to borrow in retirement. It is a form of equity release that lets eligible homeowners access money from their property while continuing to own and live in their home. The loan is secured against your home and is usually […]