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

These are lifetime mortgage & home reversion plans. To understand the risk & features of these plans, request a personalised Key Facts Illustration.

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