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Equity release is a way of accessing some of the money tied up in your home without having to move. There are two main types of equity release and they work in different ways. What are the different types of equity release? Lifetime mortgage. This is the most common type of equity release.
Sep 24, 2024 · Equity release can prove useful if you have value tied up in your property but are worried about having enough to live on in retirement, or to cover care costs. You can use the tax-free cash however you wish, whether that's for home improvements or helping out relatives.
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What is equity release and how does it work? Equity release is a way to unlock the value of your property and turn it into cash. You can do this via a number of policies which let you access – or 'release' – the equity (cash) tied up in your home, if you're 55+.
Sep 17, 2024 · Understand the Costs & the Types of Equity Release You Can Choose From. We've Got the Answers Here. What's Equity Release? How Does Equity Release Work? Free UK Equity Release Calculator
Equity release is a way for homeowners over 55, whose property is worth at least £70,000, to release tax-free cash from their homes. It is an increasingly popular way for people in, or approaching, retirement to boost their finances.
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Equity release is a way to borrow cash tied up in a property without selling your home. But later life mortgages are complex and it’s important to look at the pros and cons and any alternatives. Here’s what you need to know.
