There are many reasons people throughout the UK choose to release equity from their home, one of which is the goal to help and support their family financially. From helping to fund university fees, to gifting money to help family members get onto the property ladder, equity release can help you release tax-free funds from …
Equity Release
Equity Release Trade Industry Updates
Will equity release affect my benefits and pension?
If you’re considering equity release, understanding the impact it may have on your current means tested benefit entitlement can help you decide if equity release is right for you. Whether you claim universal credit, pension credit or are eligible for a council tax reduction, our specialist advisers have put together some information to help you …
Equity Release and Inheritance Tax Planning
HMRC collected £6.1billion in inheritance tax (IHT) during the financial year 2021-22, an increase of 14% (£729 million) versus the previous year, and the largest single-year rise since 2015-16. With property prices continuing to rise and the IHT thresholds frozen until at least April 2026, there will be an increase in the number of estates …
Can I Take Equity Out Of My House To Buy Another House?
Can I take equity out of my house to buy another house? The answer is, yes. Whether you’re using equity release to buy a 2nd property, or you’re taking out equity release on an existing 2nd property you own (where products are available), in this article, we explain how equity release works on a second …
Key Considerations You Need To Know About Equity Release financial advice
What’s the difference between financial advisers that are tied, use a panel and are whole of market? Find out below, in this article on equity release and things you should be aware of. What is a ‘tied’ financial adviser? A ‘tied’ financial adviser is advising directly to one specific lending company, and they are restricted …
How Does Equity Release Factor Into Retirement Planning?
Own a property, but require additional retirement income or savings? Equity release could be a viable choice for your retirement plans. Read on, to understand how equity release works in the context of retirement. How do I tap into home equity in retirement? There are two primary methods to consider: 1. a lifetime mortgage, and …
Everything You Need To Know About Equity Release Fees
So, you’re considering equity release as an option. Are there any costs or fees and what are they? Here’s a guide to help you understand the costs associated with releasing equity from your home. What fees are charged for equity release? The costs associated with equity release are in two categories, overall plan costs, that …
Average Equity Release Lifetime Mortgage Interest Rates Between 2020-2023
‘Equity release lifetime mortgage interest rates.’ It’s a commonly searched term on Google, and it’s a popular question that we get asked regularly. The question is though, how have equity release interest rates changed between 2020 and 2023? Find out below. What was the equity release lifetime mortgage interest rate for 2020? During Q4 in …
What Happens With Equity Release If You Go Into Care?
What happens with equity release if I go into care? And can I use equity release to pay for care? These are just 2 of the questions we’ll answer in this article. Read on for more information. What happens with equity release if you go into care? All equity release plans are structured to allow …
Do I Need A Financial Adviser To Take Out Equity Release?
Taking out equity release can be life changing for some people, and seeking expert financial and legal guidance is paramount. In this article, you’ll learn how financial advice and legal advice works in the context of equity release. …
