Tag: lifetime mortgage

According to the UK's media, a growing number of people are looking to free some of the cash that forms part of the value of their home. The popularity of equity release schemes is rising at the moment, with more home owners looking to take advantage of the value locked into their homes with a lifetime mortgage or home reversion plan.

The UK is still recovering from the effects of a particularly nasty recession, and with economic turmoil comes receding confidence. However, for people who have bought their own homes, there could be a solution right in front of their eyes. Equity release allows them to use the value of their homes to their financial advantage.