How London Equity Release Schemes Benefit from Rising House Prices
May 16th, 2014
Anyone over 55 living in the Big Smoke is currently benefiting from the exceptionally rising London housing prices. Figures in 2014 have shown that yet again it was UK’s capital seeing the focus of where prices showing the greatest increase. London property values on average soared by 17.7% in February 2014 compared to the year earlier. So how can this growth in London’s equity benefit the over 55’s, or those already in their retirement? …read more
Types of Home Equity Loans
March 25th, 2014
The principle of equity release is fairly straightforward in that it is a loan or second mortgage using the collateral provided by the increase in value of your home compared with the price you paid for it some years previously. This pre-supposes of course that you have had your house for some time and should have paid off the original mortgage or be close to doing so. For most people this means they need to be over 55 years old to qualify. …read more