How Accurate is a Free Equity Release Mortgage Calculator?
Two factors go into how accurate an equity release mortgage calculator is going to be. The first is whether or not the website with the calculator is up to date. Does the website offer information regarding the most current products available from the various equity release companies? Is the calculator able to use an age […]Read More
How to Swap Equity Release Schemes
Equity release schemes are definitely ingredients in the personal finance maelstrom that more people are starting to enjoy the benefits of. This is because equity release allows people the chance to realise the value in their own home and put this home equity to more practical use and help with their everyday living standards. One […]Read More
Thinking About Using Home Reversion to Pay for Your Care?
While a house can be a huge financial asset, it can only practically be a financial asset when it is turned into usable cash. It is common for people to own a home worth many thousands of pounds, but have insufficient cash flow in day-to-day life, or not have enough savings to meet large one […]Read More
Bridgewaters Flexible Release Plan: Two Home Reversion Plans on a Theme
Bridgewater’s Flexible Release Plan is currently the most flexible home reversion plan available on the market. It is designed to suit a range of customers, and offers attractive features such as high house price inflation protection and early vacancy guarantee that are not offered by its current competitors. The Flexible Release Plan consists of two […]Read More
Set Up Costs Involved in a Home Reversion Application
Setting up an equity release plan involves certain costs that must be considered when applying for a plan. Different providers charge different amounts as fees, so the actual amount will vary as per the chosen plan, but following is the list of expenses involved in setting up a home reversion application. Arrangement Fee to the […]Read More
Are There Any Early Repayment Charges on Home Reversion Plans?
One aspect of equity release schemes that consumers still have some reticence about is the level of potential early repayment charges. The size of the penalty will be determined by the lender initially selected, the size of the equity release loan and the time period it is redeemed from inception. The amount paid by the […]Read More