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.
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.
Are you interested in equity release but not completely sure about what’s involved? Our step-by-step guide helps you with the key steps involved in unlocking the wealth in your home. Check your eligibility Before going any further, check you are eligible to apply for equity release. You need to be at least 55 years old and a homeowner. If you are applying jointly, for example with your spouse, the youngest applicant must be at least 55. For some types of [...]
As life expectancy in the UK continues to increase, considerations need to be made about how to fund a good quality of life during retirement years. If you couple this with rising living costs, poor interest rates and other personal debts, equity release in retirement can be a great option for getting a pot of cash in the bank. For many people their largest source of income can be tied up in their most valuable possession - their home. If [...]
If you are keen to investigate equity release, how to choose your equity release adviser? There is a great deal of choice. You will need to share a lot of information with your adviser and feel comfortable asking questions. Therefore choosing the right adviser is important. We’ve put together a checklist of what we think makes a good adviser. Financial Conduct Authority Before the meeting takes place you should double check that the equity release adviser is regulated by the [...]
Releasing equity in your home is a major financial decision. The choice of equity release products available has never been greater, with an increasing range of features to suit individual needs. There are many benefits you could enjoy but, as with any financial product, you may be wondering how safe it is. At Access Equity Release, we believe it is important to be fully informed about all the features and implications of equity release before you decide whether it is [...]
Awareness of equity release is growing as more and more people approach retirement age in an asset rich but cash poor position. However, there is still a lot of confusion about the different products available and the terms used. For example, we know some people believe that equity release is where you sell and rent back your home, but in fact the two are completely different. So let’s clear things up by taking a closer look at some of the [...]
Staying fit and healthy changes as we age and this can be a challenge. Some medical risk factors increase as we get older and some are also linked to our body mass and lifestyle. Heart disease, some cancers and even mental health and capacity can be impacted by how we live. The good news is that we now know so much more than we used to about the measures we can take to keep our bodies and our minds healthier [...]
