Equity release is quite popular among people since the 1960s but gaining a lot of attention nowadays because of its consideration as a good retirement planning tool. Contrary to older schemes, it is now an improved form of financing where both advisors and providers are fully regulated by Financial Services Authority.
This form of financing is also gaining attention as a way of meeting long-term financial needs, and for estate planning, to help reduce possible inheritance tax burden.
These equity release lifetime mortgage is also known as different names such as lifetime mortgages, home reversion on home income plans, equity release schemes and many more. All of them provide a mechanism to release the value of the equity linked to your home.
Equity release lifetime mortgage is now readily available for homeowners of 55 years of age or above. Moreover, it comes with flexible terms, and at prices slightly higher than those for mainstream mortgage lending. Unlike conventional mortgages, equity release mortgages do not require you to make regular payments.
This form of financing is also gaining attention as a way of meeting long-term financial needs, and for estate planning, to help reduce possible inheritance tax burden.
These equity release lifetime mortgage is also known as different names such as lifetime mortgages, home reversion on home income plans, equity release schemes and many more. All of them provide a mechanism to release the value of the equity linked to your home.
Equity release lifetime mortgage is now readily available for homeowners of 55 years of age or above. Moreover, it comes with flexible terms, and at prices slightly higher than those for mainstream mortgage lending. Unlike conventional mortgages, equity release mortgages do not require you to make regular payments.
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