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Discover equity release and its alternatives
In this article, we provide an in-depth look at equity release as a financial solution for homeowners approaching retirement. We explore both lifetime mortgages and home reversion plans, detailing how they work and who they might suit. We also present alternatives, such as downsizing or renting out a portion of the property, offering readers a comprehensive view of their options. Our goal is to empower readers with the knowledge they need to make well-informed financial decisions.
Interest rate cuts: Will equity release prices follow suit?
This article examines how recent interest rate cuts could impact equity release plans. We guide readers through evaluating their current plans and discuss whether switching to new terms could be beneficial. By analysing trends in the financial market, we help readers understand how falling rates might influence the affordability and appeal of equity release in the near future.
Understanding equity release: How thousands unlock tax-free cash
In this article, we delve into the growing trend of equity release among homeowners aged 55 and over, revealing how over 64,000 individuals accessed tax-free cash from their homes in 2023. We break down the two main types of equity release—home reversion plans and lifetime mortgages—explaining their mechanics and key differences. Additionally, we emphasise the importance of professional advice to navigate potential impacts on state benefits and long-term care planning.