What is the Difference between a Lifetime Mortgage Calculator & a Home Reversion Calculator?
November 20th, 2014
Attaining true figures for the type of equity release you wish to take out is wholly dependent on the tools you use for that calculation. A home reversion calculator is different from a lifetime mortgage calculator in the main factors used to determine the maximum amount of equity that can be released. …read more
With London Property Values Soaring is Now the Best Time to Take Equity Release?
May 19th, 2014
A lot has happened in the last eight years. Housing prices declined rapidly, mortgage products left the market swiftly, and interest rates bottomed out. Now with two recessions behind the UK, housing is starting to come back. Unfortunately it is not an even process. Economic recovery occurs fastest where the money is, which translates into London seeing the best housing prices since the decline and the rest of the UK slowly following. For Londoners it means equity levels are up, which offers a higher equity potential to be withdrawn for all kinds of purposes. Equity release schemes include interest only, roll up, drawdown, and enhanced lifetime mortgages. With enhanced lifetime equity release the health and lifestyle questionnaire is a handy tool. …read more
What Equity Release Schemes Mean for Pensioners
March 20th, 2014
Due to the constant rise in living costs, the retirement funds of some pensioners are no longer sufficient for them to meet their daily living costs and still be able to enjoy their retirement. In such cases, many pensioners are looking for another way to gain extra income that will make it possible for them to adequately meet all of their daily living costs and have sufficient funds to enjoy their retirement. Equity release schemes are one way to make this happen. …read more