Can I use equity release for a funeral plan?
Having a prepaid funeral plan is becoming more popular as the cost of funerals rises. Organising it and paying for your funeral in advance means you’re paying today’s price.
Having a prepaid funeral plan is becoming more popular as the cost of funerals rises. Organising it and paying for your funeral in advance means you’re paying today’s price.
Equity release customers who take out lifetime mortgages will be able to shrink the size of their loans further after the Equity Release Council (ERC) introduced a penalty-free partial repayments guarantee.
Your home is usually your biggest asset so equity release can be a good way to free up money for projects ranging from gifting money to family.
Can I lose my home if I release equity? This is a common question. We explain the No Negative Equity Guarantee and the difference between a Lifetime Mortgage and Home Reversion Plans.
With an increase in the number of people releasing equity from their homes, we examine the ERC figures and the reasons why people are taking equity release advice.
Can you release equity from a leasehold property? It is possible to release equity from a leasehold property but there will be specific questions that lenders will have about the length and terms of the lease. An equity release adviser can go through the criteria with you.
Equity release is a loan that is repaid after the last homeowner dies or moves into long-term care. However there are various ways in which the repayment can be made. An equity release adviser can go through the options with you.
Repaying debts is one reason why some people choose to release equity from their home after the age of 55. You can release equity if you have debts. This blog from Access Equity Release explains more.
Equity release planning for later life finances makes sense for homeowners aged 55 or over. This does not mean you will release equity from your home, but you might want to consider your options.
Equity release trends and statistics show us how many people are releasing equity, how they are releasing it and more.