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Equity Release Mortgages
Equity release mortgages, also called equity release schemes are becoming more popular in the UK for elderly homeowners wanting to release cash from their assets.
Equity release schemes are available for homeowners 55 and over, they are an arrangement between you (the homeowner) and an equity release provider (the lender) and can allow you to unlock equity or cash tied up in your property - the money is tax free and is mainly used to enable elderly property owners to enjoy the retirement they worked so hard for.
There are different types of equity release schemes available, they will either allow you to receive a cash lump sum or regular installments from the equity (the cash) tied up in your property.
- Access to the whole mortgage market
- Free up the assets in your home
- Enjoy your retirement
Many elderly homeowners are asset rich but cash poor, equity release, put simply is a way of freeing up the assets in your home
Its important to remember that equity release schemes may not be the best option for everyone - with that in mind it's highly recommended that you speak to a mortgage specialist when considering an equity release scheme.
If you want more information or want to apply for an equity release mortgage simply complete the form above and we will call you back.
