If you are thinking about taking out a Lifetime Mortgage, the most popular type of Equity Release plan, you might be wondering about making payments to the mortgage. . Lifetime Mortgages can release funds tied up in your home for use during retirement. These funds can be used for a number of reasons and will …
What can be affected by Equity Release?
Equity Release is an overall term to represent a number of plans that can help you release money built up in your home which you can use to fund your retirement, make home improvements, or gift to family, without having to sell up. However, there are some warnings that customers should be made aware of, …
Who oversees the Equity Release market?
When looking into Equity Release, you likely want to know that you are dealing with reputable companies that are overseen by a trusted regulator. With any financial product, the rules and regulations need to be airtight to avoid any potential pitfalls or scams; luckily the Financial Conduct Authority (FCA) is there to ensure all consumers …
What can Equity Release be used for?
Equity Release can be used for a variety of purposes, from home improvements to allowing a more comfortable retirement. In this piece, we are going to look at some of the common reasons people choose to release equity from their home and why it can be an effective tool for achieving certain financial goals. …
Important considerations for Equity Release
Before you take out an Equity Release plan, you’ll need to know a few key pieces of information to put you in the best position to make the right decision. Speaking to an adviser will be the best way to do that, but we’ve aimed at answering the most common questions we get asked about …
Home ownership and Equity Release
Equity Release can be confusing if you don’t know how it works and what it means for your property. Home ownership, eligibility, and what happens after you pass away are all elements you will want to learn more about before you start thinking about taking out a plan. …
What you need to know about Equity Release interest
Before committing to an Equity Release Lifetime Mortgage, it is vital to understand how the interest is charged. Interest will make up a significant portion of the debt as it accumulates, so you need to have all the information necessary to make an informed decision about what kind of plan is right for you. In …
Some common questions about Lifetime Mortgages
A Lifetime Mortgage is a way to release money that is tied up in your home. It works as a loan that is secured on your home, which is only repaid after you pass away or go into long-term care. It can be a helpful option for many homeowners who wish to receive a sum …
Choosing the Right Equity Release Provider
There are a number of things to look out for when searching for the right Equity Release provider, and being aware of them is a vital part of the process. Working with a trusted adviser is the only way to get the right advice at every stage of the process. Contact Bower today and speak …
Can you get Equity Release on any type of home?
If you’re looking to release equity but aren’t sure whether the type of home you live in fits the criteria, we’ve compiled some useful information. …