The Equity Release Hub

Contents What Are The Interest Rates You'll Need To Pay On Equity Release? Equity release is such a popular way to loan money nowadays, especially with its low-interest rates. But what exactly are the costs ? We've laid it all out. What's Equity Release? Equity release  is the act of accessing the wealth held up in your home. You can take out a long-term property-based loan (also called a later life loan). You'll only repay it thoroughly once you have passed away or moved into a permanent care facility. Tip: Regarding all equity release schemes, you don't need to worry about what will occur to your partner after you're no longer around. The property only gets sold once the last person passes on or goes into long-term care with couples. Now: Whether you release a lump-sum or smaller instalments (otherwise called a drawdown), the cash you unlock remains tax-free. Why? Because when y

Contents Is Equity Release A Big Bad Wolf? It's safe to say that equity release isn't the big bad wolf that'll blow your house down anymore. Thanks to all the safety features that come with equity release, it's an excellent way to loan money nowadays. How Safe Is Equity Release? During the 1980s - early 1990s, equity release schemes had a bad name. It was due to increased corruption in the industry. Deceitful lenders were undertaking expensive deals, causing homeowners to owe more than the value of their homes. Not to worry! The result was something positive, as industry regulations became more strict. The Financial Conduct Authority (FCA) helped improve equity release processes with their regulations and customer protection policies. Equity release is now so much safer than before. Most providers are also members of the ERC ( Equity Release Council ), the trade body setting standards and best customs and procedures for equity releas

There are so many benefits to property equity release —one of them being to fund or boost a sustainable, luxurious retirement. We've put together a list of advantages just for you. Contents 3 Reasons Equity Release Might Be The Good Thing Property prices have skyrocketed and being a homeowner gives you excellent financing options. Think about it: You can now unlock any equity or money that's tied up in your home or property, but you don't have to sell it or downsize to a smaller, cheaper house. Astoundingly, roughly every 12 minutes, someone takes out an equity release plan in the UK. Get That Deserved Retirement Life expectancy has strengthened. People are more focused on healthy living, and life expectancy has risen to 81 years. It used to be 74. Let me tell you this... Retirement is very exciting for most people, but it's also potentially one of the most challenging chapters of a person's life with finances. Simply: Relea

Contents Stay Away From These Equity Release Providers First, know everything about an equity release company before signing a contract with them and taking out a plan. Otherwise, you may be in trouble later in your life. This article will tell you the good and the bad of companies you should know. What's Equity Release? Simply: Equity release is the value tied up in the property that lets you access your money. However, you only become eligible once you’re 55 years or older. Then you can access the capital value of your house as income. Of course, you’ll need to pay that money back at a later stage. Better yet: It’s such a great way to get quick cash access  when you need it, with little interest to pay. (It’s at an all-time low of 2.25%.) What Should You Know About The Types Of Equity Release? Below, we outline the two types of equity release available: A Lifetime Mortgage This form of equity release lets you take out a mortgage on y