Education, Empowerment and Support
Equity Release criteria often confuses many people. Homeowners over the age of 50 are able to release funds from their property, however many false narratives and rumours have grown about Equity Release over the last 20 years. This is largely … Continued
‘Well, I think to use very good mortgage broker who explains everything to you to possibly find solicitors who are a little bit more hands on, a little bit more friendly, a little bit more helpful, I think on a personal level, not just professionally, because I’m sure they’re extremely good in what they do. But I was under the impression that everybody got an equity release mortgage when they were buying another property. But that isn’t the case, is it? This is quite unusual, from what I gather.’
Equity Release can potentially impact means-tested benefits. Receiving a lump sum or regular income from an equity release plan may affect your eligibility for certain means-tested benefits, as they are typically based on income and assets. However, there are equity … Continued
Yes, it is possible to use equity release to pay off your existing mortgage. With a lifetime mortgage, for example, you can release funds to repay your outstanding mortgage balance. This can help alleviate financial stress by removing the burden … Continued
