–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

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Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]A lifetime mortgage allows you to release a lump sum of cash from your home. This type of scheme allows you to take a loan against the value of your home. You don’t need to make any repayments until you die or move into long-term care.

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]

Lifetime mortgage

A lifetime mortgage allows you to release a lump sum of cash from your home. This type of scheme allows you to take a loan against the value of your home. You don’t need to make any repayments until you die or move into long-term care.

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]

What types of equity release are there?

Lifetime mortgage

A lifetime mortgage allows you to release a lump sum of cash from your home. This type of scheme allows you to take a loan against the value of your home. You don’t need to make any repayments until you die or move into long-term care.

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]

What types of equity release are there?

Lifetime mortgage

A lifetime mortgage allows you to release a lump sum of cash from your home. This type of scheme allows you to take a loan against the value of your home. You don’t need to make any repayments until you die or move into long-term care.

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]-dream holiday

What types of equity release are there?

Lifetime mortgage

A lifetime mortgage allows you to release a lump sum of cash from your home. This type of scheme allows you to take a loan against the value of your home. You don’t need to make any repayments until you die or move into long-term care.

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]-to buy a brand-new car

-dream holiday

What types of equity release are there?

Lifetime mortgage

A lifetime mortgage allows you to release a lump sum of cash from your home. This type of scheme allows you to take a loan against the value of your home. You don’t need to make any repayments until you die or move into long-term care.

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]-to help the family

-to buy a brand-new car

-dream holiday

What types of equity release are there?

Lifetime mortgage

A lifetime mortgage allows you to release a lump sum of cash from your home. This type of scheme allows you to take a loan against the value of your home. You don’t need to make any repayments until you die or move into long-term care.

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]-to clear debt and mortgage

-to help the family

-to buy a brand-new car

-dream holiday

What types of equity release are there?

Lifetime mortgage

A lifetime mortgage allows you to release a lump sum of cash from your home. This type of scheme allows you to take a loan against the value of your home. You don’t need to make any repayments until you die or move into long-term care.

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]-day to day living and other costs

-to clear debt and mortgage

-to help the family

-to buy a brand-new car

-dream holiday

What types of equity release are there?

Lifetime mortgage

A lifetime mortgage allows you to release a lump sum of cash from your home. This type of scheme allows you to take a loan against the value of your home. You don’t need to make any repayments until you die or move into long-term care.

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]-Home and garden improvements

-day to day living and other costs

-to clear debt and mortgage

-to help the family

-to buy a brand-new car

-dream holiday

What types of equity release are there?

Lifetime mortgage

A lifetime mortgage allows you to release a lump sum of cash from your home. This type of scheme allows you to take a loan against the value of your home. You don’t need to make any repayments until you die or move into long-term care.

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]Releasing equity is done for a number of reasons, some of the most popular include:

-Home and garden improvements

-day to day living and other costs

-to clear debt and mortgage

-to help the family

-to buy a brand-new car

-dream holiday

What types of equity release are there?

Lifetime mortgage

A lifetime mortgage allows you to release a lump sum of cash from your home. This type of scheme allows you to take a loan against the value of your home. You don’t need to make any repayments until you die or move into long-term care.

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]

Reasons for releasing equity

Releasing equity is done for a number of reasons, some of the most popular include:

-Home and garden improvements

-day to day living and other costs

-to clear debt and mortgage

-to help the family

-to buy a brand-new car

-dream holiday

What types of equity release are there?

Lifetime mortgage

A lifetime mortgage allows you to release a lump sum of cash from your home. This type of scheme allows you to take a loan against the value of your home. You don’t need to make any repayments until you die or move into long-term care.

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]The amount of money that you can receive will depend upon your age and the value of your property. You can use our calculator to find out how much you can release(https://www.joslinrhodes.co.uk/equity-release/max-equity-release-calculator/).

Reasons for releasing equity

Releasing equity is done for a number of reasons, some of the most popular include:

-Home and garden improvements

-day to day living and other costs

-to clear debt and mortgage

-to help the family

-to buy a brand-new car

-dream holiday

What types of equity release are there?

Lifetime mortgage

A lifetime mortgage allows you to release a lump sum of cash from your home. This type of scheme allows you to take a loan against the value of your home. You don’t need to make any repayments until you die or move into long-term care.

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]To be eligible for equity release you must own your home and your youngest homeowner must be 55 or over.

The amount of money that you can receive will depend upon your age and the value of your property. You can use our calculator to find out how much you can release(https://www.joslinrhodes.co.uk/equity-release/max-equity-release-calculator/).

Reasons for releasing equity

Releasing equity is done for a number of reasons, some of the most popular include:

-Home and garden improvements

-day to day living and other costs

-to clear debt and mortgage

-to help the family

-to buy a brand-new car

-dream holiday

What types of equity release are there?

Lifetime mortgage

A lifetime mortgage allows you to release a lump sum of cash from your home. This type of scheme allows you to take a loan against the value of your home. You don’t need to make any repayments until you die or move into long-term care.

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]Equity release has now helped people across the UK but it is not right for everyone.

To be eligible for equity release you must own your home and your youngest homeowner must be 55 or over.

The amount of money that you can receive will depend upon your age and the value of your property. You can use our calculator to find out how much you can release(https://www.joslinrhodes.co.uk/equity-release/max-equity-release-calculator/).

Reasons for releasing equity

Releasing equity is done for a number of reasons, some of the most popular include:

-Home and garden improvements

-day to day living and other costs

-to clear debt and mortgage

-to help the family

-to buy a brand-new car

-dream holiday

What types of equity release are there?

Lifetime mortgage

A lifetime mortgage allows you to release a lump sum of cash from your home. This type of scheme allows you to take a loan against the value of your home. You don’t need to make any repayments until you die or move into long-term care.

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]

Can you benefit from equity release?

Equity release has now helped people across the UK but it is not right for everyone.

To be eligible for equity release you must own your home and your youngest homeowner must be 55 or over.

The amount of money that you can receive will depend upon your age and the value of your property. You can use our calculator to find out how much you can release(https://www.joslinrhodes.co.uk/equity-release/max-equity-release-calculator/).

Reasons for releasing equity

Releasing equity is done for a number of reasons, some of the most popular include:

-Home and garden improvements

-day to day living and other costs

-to clear debt and mortgage

-to help the family

-to buy a brand-new car

-dream holiday

What types of equity release are there?

Lifetime mortgage

A lifetime mortgage allows you to release a lump sum of cash from your home. This type of scheme allows you to take a loan against the value of your home. You don’t need to make any repayments until you die or move into long-term care.

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]Due to property value rapidly increasing it’s becoming a much larger and more valuable asset. Due to property pricing increasing in such an extreme way homes tend to have a much larger value than when they were initially bought. On average, UK house pricing has increased by 20%. Due to this 20% increase in house prices releasing a percentage of this money would be a major help financially.

Can you benefit from equity release?

Equity release has now helped people across the UK but it is not right for everyone.

To be eligible for equity release you must own your home and your youngest homeowner must be 55 or over.

The amount of money that you can receive will depend upon your age and the value of your property. You can use our calculator to find out how much you can release(https://www.joslinrhodes.co.uk/equity-release/max-equity-release-calculator/).

Reasons for releasing equity

Releasing equity is done for a number of reasons, some of the most popular include:

-Home and garden improvements

-day to day living and other costs

-to clear debt and mortgage

-to help the family

-to buy a brand-new car

-dream holiday

What types of equity release are there?

Lifetime mortgage

A lifetime mortgage allows you to release a lump sum of cash from your home. This type of scheme allows you to take a loan against the value of your home. You don’t need to make any repayments until you die or move into long-term care.

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]

Equity releases growth in popularity

Due to property value rapidly increasing it’s becoming a much larger and more valuable asset. Due to property pricing increasing in such an extreme way homes tend to have a much larger value than when they were initially bought. On average, UK house pricing has increased by 20%. Due to this 20% increase in house prices releasing a percentage of this money would be a major help financially.

Can you benefit from equity release?

Equity release has now helped people across the UK but it is not right for everyone.

To be eligible for equity release you must own your home and your youngest homeowner must be 55 or over.

The amount of money that you can receive will depend upon your age and the value of your property. You can use our calculator to find out how much you can release(https://www.joslinrhodes.co.uk/equity-release/max-equity-release-calculator/).

Reasons for releasing equity

Releasing equity is done for a number of reasons, some of the most popular include:

-Home and garden improvements

-day to day living and other costs

-to clear debt and mortgage

-to help the family

-to buy a brand-new car

-dream holiday

What types of equity release are there?

Lifetime mortgage

A lifetime mortgage allows you to release a lump sum of cash from your home. This type of scheme allows you to take a loan against the value of your home. You don’t need to make any repayments until you die or move into long-term care.

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]There are no repayments on the vast majority of these plans, due to what you owe being paid once your property is sold.

Equity releases growth in popularity

Due to property value rapidly increasing it’s becoming a much larger and more valuable asset. Due to property pricing increasing in such an extreme way homes tend to have a much larger value than when they were initially bought. On average, UK house pricing has increased by 20%. Due to this 20% increase in house prices releasing a percentage of this money would be a major help financially.

Can you benefit from equity release?

Equity release has now helped people across the UK but it is not right for everyone.

To be eligible for equity release you must own your home and your youngest homeowner must be 55 or over.

The amount of money that you can receive will depend upon your age and the value of your property. You can use our calculator to find out how much you can release(https://www.joslinrhodes.co.uk/equity-release/max-equity-release-calculator/).

Reasons for releasing equity

Releasing equity is done for a number of reasons, some of the most popular include:

-Home and garden improvements

-day to day living and other costs

-to clear debt and mortgage

-to help the family

-to buy a brand-new car

-dream holiday

What types of equity release are there?

Lifetime mortgage

A lifetime mortgage allows you to release a lump sum of cash from your home. This type of scheme allows you to take a loan against the value of your home. You don’t need to make any repayments until you die or move into long-term care.

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

[/vc_column_text]

[/vc_column][/vc_row]Equity is the difference between the value of your home and any mortgage that you may have. Equity release allows you to gain access to some of this money. The money you earn from releasing equity can be spent on almost anything that you wish. Some of the most popular reasons include home improvements and helping your family out financially.

There are no repayments on the vast majority of these plans, due to what you owe being paid once your property is sold.

Equity releases growth in popularity

Due to property value rapidly increasing it’s becoming a much larger and more valuable asset. Due to property pricing increasing in such an extreme way homes tend to have a much larger value than when they were initially bought. On average, UK house pricing has increased by 20%. Due to this 20% increase in house prices releasing a percentage of this money would be a major help financially.

Can you benefit from equity release?

Equity release has now helped people across the UK but it is not right for everyone.

To be eligible for equity release you must own your home and your youngest homeowner must be 55 or over.

The amount of money that you can receive will depend upon your age and the value of your property. You can use our calculator to find out how much you can release(https://www.joslinrhodes.co.uk/equity-release/max-equity-release-calculator/).

Reasons for releasing equity

Releasing equity is done for a number of reasons, some of the most popular include:

-Home and garden improvements

-day to day living and other costs

-to clear debt and mortgage

-to help the family

-to buy a brand-new car

-dream holiday

What types of equity release are there?

Lifetime mortgage

A lifetime mortgage allows you to release a lump sum of cash from your home. This type of scheme allows you to take a loan against the value of your home. You don’t need to make any repayments until you die or move into long-term care.

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

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But what exactly is equity release?

Equity is the difference between the value of your home and any mortgage that you may have. Equity release allows you to gain access to some of this money. The money you earn from releasing equity can be spent on almost anything that you wish. Some of the most popular reasons include home improvements and helping your family out financially.

There are no repayments on the vast majority of these plans, due to what you owe being paid once your property is sold.

Equity releases growth in popularity

Due to property value rapidly increasing it’s becoming a much larger and more valuable asset. Due to property pricing increasing in such an extreme way homes tend to have a much larger value than when they were initially bought. On average, UK house pricing has increased by 20%. Due to this 20% increase in house prices releasing a percentage of this money would be a major help financially.

Can you benefit from equity release?

Equity release has now helped people across the UK but it is not right for everyone.

To be eligible for equity release you must own your home and your youngest homeowner must be 55 or over.

The amount of money that you can receive will depend upon your age and the value of your property. You can use our calculator to find out how much you can release(https://www.joslinrhodes.co.uk/equity-release/max-equity-release-calculator/).

Reasons for releasing equity

Releasing equity is done for a number of reasons, some of the most popular include:

-Home and garden improvements

-day to day living and other costs

-to clear debt and mortgage

-to help the family

-to buy a brand-new car

-dream holiday

What types of equity release are there?

Lifetime mortgage

A lifetime mortgage allows you to release a lump sum of cash from your home. This type of scheme allows you to take a loan against the value of your home. You don’t need to make any repayments until you die or move into long-term care.

Drawdown mortgage

A drawdown mortgage is similar to a lifetime mortgage, but the difference is that you can access your money with more flexibility. Unlike a lifetime mortgage, you don’t have to take a lump sum upfront you can take cash out when you need it.

Interest-only lifetime mortgage

An interest-only lifetime mortgage allows you to make monthly payments to reduce the effect on the value of your estate

Home reversion plan

A home reversion plan is a type of equity release scheme where you sell all or part of your property to an equity release provider in return for a lump sum or regular payments.

Related articles

–Types of equity release schemes in the UK

–Equity release vs remortgage

–How long does the equity release process take?

 

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