Can I lose my house if I take out equity release?
Can I lose my home if I release equity? This is a common question. We explain the No Negative Equity Guarantee and the difference between a Lifetime Mortgage and Home Reversion Plans.
Why are so many people releasing equity from their homes?
With an increase in the number of people releasing equity from their homes, we examine the ERC figures and the reasons why people are taking equity release advice.
Should you Release Equity in 2022? What you need to know
As more people are predicted to consider using equity release in 2022, we explain the things you need to consider with a qualified equity release adviser. Is equity release right for you? What are your options?
Can I do equity release on a leasehold property?
Can you release equity from a leasehold property? It is possible to release equity from a leasehold property but there will be specific questions that lenders will have about the length and terms of the lease. An equity release adviser can go through the criteria with you.
How does equity release get repaid?
Equity release is a loan that is repaid after the last homeowner dies or moves into long-term care. However there are various ways in which the repayment can be made. An equity release adviser can go through the options with you.
Does Equity Release affect Care Costs?
How does equity release affect care costs? This blog is a useful guide to help you understand the implications of equity release on care costs and what you need to do to ensure that show that you released equity for legitimate reasons.
Can I release equity if I already have a mortgage?
You may want to consider equity release to repay your mortgage once you reach the age of 55 or over using a lifetime mortgage. It may be possible release enough money to spend on other things too such as home improvements, travel or perhaps a reliable new car.
Can I release equity if I am in debt?
Repaying debts is one reason why some people choose to release equity from their home after the age of 55. You can release equity if you have debts. This blog from Access Equity Release explains more.
Equity Release planning for later life finances
Equity release planning for later life finances makes sense for homeowners aged 55 or over. This does not mean you will release equity from your home, but you might want to consider your options.
Equity release figures update from Equity Release Council 2021
Equity release trends and statistics show us how many people are releasing equity, how they are releasing it and more.
