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Equity Release – Unlock Money From Your Home

By Mark Gregory on October 26th, 2010

Are you suffering from financial problems? If your answer is yes and you are above a certain age you should look at equity release. Today, many older homeowners are opting for equity release schemes instead of using bank loans & credit cards.

This is because equity release allows you to get cash against the value of your home, however with no monthly payments. One of the best things about these schemes is that they allow you to stay in your home for the rest of your life.

 

If you have decided to look at equity release schemes then you need to employ the services of a specialist equity release adviser who will help you find the best deal. To enjoy the benefits offered by equity release, you have to eligible.

 

Here are few factors required to qualify for equity release schemes:

• You should be above 55 years of age
• You must be a homeowner & be your main residence
• The property should be in the UK
• Value of the property must be above £75,000 or over

 

At present, two different equity release schemes have been introduced to the market. These are the home reversion plan and the lifetime mortgage.

 

The attractive features offered by equity release

By opting for equity release, you can either get a lump sum amount of cash, regular income or both. Equity release schemes offer a tax-free amount of money & can be paid directly into your bank account once funds have been release by the equity release provider. This means that you can not only live in your home for the rest of your life, but you can also enjoy time with your family.

 

To discuss your individual requirements with confidentiality, please contact Mark on 0800 678 5159 or email mark@equityreleasesupermarket.co.uk

 

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