Equity release schemes have emerged as one of the most feasible solutions for people over the age of 55 to secure their future after retirement. Equity release companies, as well as brokers, have a ‘guarding body’ in the form of the Equity Release Council to ensure that none of the consumers are at any kind […]
Read More Brokers, Compound Interest, Equity, Equity Plan, Equity Release, Equity Release Companies, Equity Release Council, Equity Release Industry, Equity Release Providers, Equity Release Schemes, Equity Release Sector, FCA, FCA Approved Companies, Financial Advisers, Financial Conduct Authority, Home Reversion, Home Reversion Plans, Itermediaries, Lawyers, Lifetime Mortgages, Lifetime Tenancy Agreement, Long Term Care, Long Term Care Home, No Negative Equity, No Negative Equity Guarantee, Release Equity, Retirement, Safe Home Income Plan, SHIP, Solicitors, Suveyors, Types of Equity ReleaseThe Retirement Home Plan is a really good alternative to an equity release scheme. It differs in that customers must still pay a small monthly contribution. To learn about this plan from Halifax you may want to use the Halifax affordability calculator. This tool will help answer how much you can borrow with this specific […]
Read More Equity Release Scheme, Equity Release Schemes, Halifax, Halifax Affordability Calculator, Halifax Calculator, Halifax Retirement Home Plan, Home Appraisal, Housing Market, Independent Financial Advice, Independent Financial Adviser, Inheritance, Interest Only Lifetime Mortgage, Lifetime Mortgage Plans, No Negative Equity, Repayments, Retirement Home PlanAn interest only lifetime mortgage is a scheme that will allow you to keep as much equity in your property as possible once it is sold, and which will help you to generate a maximum income, with fairly small repayments. Basically, instead of repaying your mortgage debt in conventional instalments which are, of course, dictated […]
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