Equity Release Ireland (Oct 2021)
Are You Looking For the Best Equity Release Schemes in Ireland?
Equity Release Plans in Ireland Reviewed By Experts. You Won't Believe What We Found When Reviewing These Ireland Plans…
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Equity Release Plans in Ireland Reviewed
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release in Ireland with all the choices available.
Or is it?
What's Equity Release & How Does It Work?
We've summed up the most important information about the topic in this quick video.
An equity release mortgage is, in a nutshell, a loan plus interest that is paid back to the lender when the homeowner passes away or goes into permanent care. The homeowner’s family usually pays back the cash released, and the interest incurred, from the sale of the home in question.
Equity release is available for individuals or couples over 55, with the youngest homeowner’s age determining the amount of equity that can be released. It is important to note that some equity release schemes may require the homeowner to be 60 or older.
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Why Should You Compare Quotes in Ireland?
About the Equity Release Providers in Ireland We Compare
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Ireland Equity Release
Ireland1 is an island in the North Atlantic. It’s separated from Great Britain to its east by the North Channel, the Irish Sea, and St George’s Channel. Ireland is the second-largest island of the British Isles, the third-largest in Europe, and the twentieth-largest on Earth.
Ireland is a country in the North Atlantic Ocean. It has a population of 4,500,000 and covers an area of 70,273 km2 (27,133 sq mi). Ireland’s capital city is Dublin. The country shares borders with Northern Ireland to the north-east and the Republic of Ireland to the south-west. There are six provinces in Ireland which are Northern Ireland (which is part of Great Britain), Connacht, Munster (the province with the most people), Leinster, Ulster (partly controlled by Great Britain) and finally Connaught. The main language spoken in Ireland is English.
The Irish Free State became an independent republic with Michael Collins, who had led the earlier struggle against Britain, becoming its first head of state. It changed its name back to Ireland after joining the EEC in 1973.
Ireland has a temperate climate with mild days and cool nights, which is usually moderated by the sea’s proximity to Ireland compared to other countries on the same latitude, such as Canada or Russia. It is classified as an oceanic climate but had four seasons based upon air temperature’s relation to precipitation – winter being cooler than summer because of its geographical location within the maritime region of Europe.
Equity Release FAQs
How does equity release work in Ireland?
Equity release in Ireland is, in a nutshell, a mode of unlocking the value of your property in Ireland and turning it into a lump sum.
You can do this via several policies which allow you to access – or ‘unlock’ – the equity attached up in your residence if you are over 55.
Can I get equity release in Ireland?
Qualifying for equity release in Ireland is contingent on the maturity of the youngest person on the title deed & also your Ireland property criteria.
To qualify, you need to be at least 55, own your home worth at least £70 000 (or have it on a freehold basis) & in good condition.
PS – If you’re anything like us, you skipped to the end anyway.
So here’s the scoop – we are offering to get you the best quote for equity release from the best equity release companies.
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Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations.
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HOW MUCH EQUITY CAN YOU RELEASE?
Most people are using equity release as a means of retaining the use of their house while also obtaining a lump sum or a steady stream of income. Get matched with an expert and check your eligibility for equity release options.
Use our free equity release calculator & see how much you can release today.