There are a number of reasons you may choose to purchase a second home, from purchasing a holiday home to separation arrangements. But the question still remains, can you use equity release to purchase another property, and how can you release equity to buy a second home? Our equity release specialists have outlined everything you …
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 …
Equity Release to Fund Care: A Practical Guide for Families
The cost of care is a growing concern, making headlines as people question how they will afford care in the future if it is required, and what this might look like for their current and future finances. No one should have to go without essential care due to a lack of funds. That’s why …
A Quick Guide To Interest Only And Repayment Mortgages
Taking out a mortgage is a big decision, especially when there are more than one type to choose from, so understanding the difference between them is crucial. Read on to learn the main differences between an interest only and a repayment mortgage. …
Equity Release and Divorce: Can It Help with a Separation?
Are you over 55 and going through a divorce or a separation? Equity release could help you through the divorce settlement process by providing much-needed funds to buy out a partner’s share in a property, purchase a new property, or fund any legal proceedings. Our equity release specialists have detailed how equity release can be …
Can You Get Equity Release On A Partial or Fully Repaid Mortgage?
Paid or part paid off your mortgage? Good news: it is possible to get equity release. In this article, we’ll explain how equity release works on a fully or part paid up mortgage. …
A 101 Guide To Later Life Planning With Equity Release
Taking out equity release is a big decision. There’s a lot to consider, so understanding how equity may affect your tax, benefits or state pension is important, prior to committing to a plan. In this article, we’ll explore six different topics that we hope will answer any questions you may have. …
