Equity Release Mortgage UK
The savings you have accumulated throughout your life have
been locked up in the biggest investment you've ever made
- your home.
Why release the equity in your home ?
If you are planning to buy a holiday home, travel during
your retirement or perhaps you just want a relaxing lifestyle
with a large retirement income, you are going to need money.
If you do not have the funds available to achieve such goals,
you may want to consider a loan or perhaps a re-mortgage.
Both of these options, however, require a monthly repayment.
Releasing the equity in your home via an equity release
plan can give you a retirement income and/or a lump sum
of cash, while at the same time allowing you to live in
your own home for the rest of your life.
Equity release provides homeowners with the chance to stay in their
property while tapping into its value. All the current schemes
available allow you to stay in a property for as long as
you like, until you die or move out but also provide you
the opportunity to access some of the value that has built
up, either as a lump sum or a regular income.
The amount of equity that you release is up to you, if
you have people who you wish to leave an inheritance for
then you can still leave a large amount of money in the
property for that purpose.
State Pensions are no longer the most reliable income source
for people who are retired. The retired population of the
UK is increasing steadily in proportion to the rest of the
population, and the pension funds provided by the government
are no longer adequate. Average life expectancy has gone
up, meaning your retirement could be a bigger part of your
life than you were expecting. If you have invested money
into your home in the form of a mortgage throughout your
life, come retirement, you may want to get something in
return; such as a guaranteed retirement income, or a cash
lump sum.
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