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 MoreThinking 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 MoreAre 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 MoreAre Home Reversions Misunderstood?
There are two types of equity release schemes: home reversion plans and lifetime mortgages. While lifetime mortgages have soared in popularity in recent years, the demand for home reversion plans seems to have steadily declined. While home reversion, like any other financial scheme has some disadvantages, it also has some redeeming qualities. The main feature […]
Read MoreWhy Don’t I Receive the Full Market Value of My Property With a Home Reversion?
Home reversion offers a solution for those who do not want to sell their house and move out, but want to access the value built into their home all the same. It creates a way to transfer ownership of the house in part or full, in exchange for a cash lump sum. This lump sum […]
Read MoreThe Dangers of a Home Reversion Plan
Home reversion is a type of equity release, but unlike lifetime mortgages which are loans, home reversion plans involve selling a percentage of your house to the plan provider in exchange for a cash lump sum. The demand for home reversion plans seems to have declined in recent times, and this may be due to […]
Read MoreHome Reversion Explained
An obvious, albeit difficult way to release the equity in your property is to sell it and move out, and equity release offers a more convenient alternative to this. Home reversion is a type of equity release, but unlike lifetime mortgages, it does not involve taking a loan out against the property. Home reversion involves […]
Read MoreAdvantages and Disadvantages to a Home Reversion
Home reversion is a type of equity release scheme, where you can sell the value of a portion of your property in exchange for cash. The main attraction of equity release schemes is the fact that you can have access to the equity built into your home without having to sell your property and move […]
Read MoreDoes a Home Reversion Scheme Force Me to Sell 100 Percent of my House?
The two common misconceptions about home reversion schemes are that you are required to sell 100% of your property to the loan provider, and second, that you cannot release the full amount of equity from your house. Both of these are false. It is not mandatory to exchange 100% of your house to the equity […]
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