Disclosure
How Does Equity Release Work When You Die? 2025 Guide
When you die, the equity release loan is repaid from the sale of your home, or by your estate, ensuring no debt is passed on to your heirs, subject to the terms of your agreement.
Are You Thinking About What Happens to Your Equity Release Plan When You Die? Find Out What Your Beneficiaries Should Do and if They Should Consult a Financial Advisor. Keep Reading to Get the Answers You Need.
This article contains tops tips from our experts, backed by in-depth research.
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Key Takeaways
- Your family can inherit your home if you have an equity release, provided they can repay the outstanding loan amount, usually by selling the property or using other funds.
- The equity release plan concludes with your property being sold to repay the loan, potentially impacting the inheritance of your heirs.
- Your home will be sold and the proceeds will be used to settle your equity release loan, with any remaining funds distributed to your estate.
- Your equity release debt does not pass onto your heirs; rather, it is repaid through the sale of your property.
- Your death triggers the repayment of your equity release loan, which is typically settled through the sale of your property.
What Happens to Equity Release When You Die?
When you are gone, will you leave your children with a messy debt to clean up?
Luckily, we have all the answers.
In This Article, You Will Discover:
At SovereignBoss, we aim to find the truth and provide the latest equity release information. Therefore, our research team has uncovered how and when your loan must be repaid when you die.
Let us find out now!