Equity release is one of the most popular trends in the property market in the UK, and its boom in recent years has shown no signs of slowing down. The standard definition of equity release for someone over the age of 55 to be able to release cash from a property that you own, whether that is a family home such as the main residence, or holiday home. You must have little or no mortgage on the property in order to qualify for equity release & if there is, it must be repaid upon completion of the equity release scheme.
In order to make the initial research into equity release schemes, you should engage with an which has plenty of information on offer to help everyone learn about the benefits and advantages of equity release. Take a look at how equity release schemes work below and whether it can fit into your lifestyle as you get older:
So for an equity release free guide to be found, you need to source the range of equity release websites on the internet. However, always be careful that the equity release free guide isn’t an equity release brokers trick to capture your personal information. You can either request the details by downloading an equity release guide or the better companies can post an equity release free guide to your home address.
Additionally, the Equity Release Council has a directory of eligible equity release brokerages which are members of this trade body representing the equity release lenders, advisers & legal firms and usually these firms have a free guide of their own. Being impartial they can send you free information or have a website that also offers subject matter on equity release schemes which is a useful guide in itself. Alternatively, call them on to request your free guide to equity release.
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