Equity Release Northern Ireland (Oct 2021)
Are You Looking For the Best Equity Release Schemes in Northern Ireland?
Equity Release Plans in Northern Ireland Reviewed By Experts. You Won't Believe What We Found When Reviewing These Northern Ireland Plans…
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Equity Release Plans in Northern Ireland Reviewed
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release in Northern 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.
Learn More: What’s Equity Release & How Does It Work?
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Why Should You Compare Quotes in Northern Ireland?
About the Equity Release Providers in Northern Ireland We Compare
Most Popular Reasons for Releasing Cash
Northern Ireland Equity Release
Northern Ireland is one of the four countries that make up the United Kingdom. It shares a border with the Republic of Ireland to its south and west and is surrounded by sea on three sides (East, North and North West). The territory’s population has grown steadily over recent decades. It has around six million people, making it the second-largest part of the UK in size after England.
Many people in Northern Ireland identify as British or Irish (or both) rather than exclusively one nationality. Most businesses in Northern Ireland are run by everyone together because Catholics cannot get credit from banks owned by Protestants due to historic segregationist practices that favour Protestant families financially and socially until recently being challenged through court cases.
The Gulf Stream and its westward winds and the North Atlantic Drift coming from America affect Northern Ireland’s weather. The most common type of climate in Northern Ireland is temperate oceanic (Koppen Cfb), which has relatively moderate rainfall with a slight seasonal variation in temperature due to water influences on air temperatures. It also has an oceanside location that protects it against cold continental periods.
Equity Release FAQs
How does equity release work in Northern Ireland?
Equity release in Northern Ireland is, in a nutshell, a mode of unlocking the value of your property in Northern 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 Northern Ireland?
Qualifying for equity release in Northern Ireland is contingent on the maturity of the youngest person on the title deed & also your Northern 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.