Money Saving Expert Equity Release (Oct 2021)
Money Saving Expert Lifetime Mortgage Review
Are You Considering Money Saving Expert or Martin Lewis to Learn About Equity Release? Are You Looking to Discover the Pros, Cons & Costs of Equity Release? Discover If Lifetime Mortgage Schemes are for You.
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Money Saving Expert Equity Release Review
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release provider with all the choices available.
Or is it?
As experts in the equity release field (we’ve reviewed over 250 schemes!), we’ve combed the market, researched all equity release service providers and narrowed it down to who’s on top.
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?
What About the Money Saving Expert Equity Release Calculator?
Before you consider using the Money Saving Expert equity release calculator, please take note.
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About the providers we compare
Most popular reasons for releasing equity
Money Saving Expert's Equity Release & Lifetime Mortgage Schemes
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Who Are Money Saving Expert?
Martin Lewis started MoneySavingExpert.com, a website that focuses on equity release,1 credit cards, shopping, special deals, mortgages, council tax, interest rate payments, freebies, and other topics.
MoneySavingExpert was founded in February 2003 for £100 by Martin Lewis, its founder and executive chairman. The site’s ethical position and consumer vengeance strategy have earned it the title of official number one money site in the United Kingdom. It has received several accolades and has become a go-to resource for both consumers and officials.
They deal with issues like:
- Weekly MSE Money Tips email – Every week, MSE’s Money Tips newsletter is sent to almost 7.5 million people.
- Super-detailed MoneySaving guides –Balance Transfers, Financial Product Guides, and Budget Flight Fee-Fighting are just a few of the topics covered on the main site. The guides provide super-detailed product analysis rather than just suggesting “browse around.”
- Nifty free MoneySaving tools – From the Income Tax Calculator to the MSE Budget Planner, the site is jam-packed with useful tools to help you find bargains, examine your finances, and earn money.
- MoneySaving Forum – One of the largest social networks in the UK is MSE Forum. It has over 1.8 million users, and thousands of them are discussing strategies to save money, as well as encouraging and inspiring one another, at any one time.
MoneySavingExpert also has a small campaigns team that works with Martin to communicate with charities and politicians on behalf of consumers. They advocate for topics such as financial literacy, payday loans, and claims management regulation, as well as ensuring that the consumer’s voice is heard in the halls of power.
Who Is Martin Lewis?
Martin Steven Lewis OBE is an English financial journalist and broadcaster. He founded the website MoneySavingExpert.com.
Born: 9 May 1972, Withington, Manchester, United Kingdom
Spouse: Lara Lewington (m. 2009)
Education: London School of Economics and Political Science, Cardiff University, The King’s School
St. Davids Park
CH5 3UZC H 5 3 U Z
- Mortgage 2000 Group
- Professional Advisor Alliance
- Moneysupermarket.com Financial Group Limited
FCA Permitted Services
- Mortgages & Home Finance
- Consumer Credit
- Financial Conduct Authority
- Financial Services Authority
- FCA Ref Number: 303190
- FCA Reg Number: 3157344
Money Saving Expert Info
Got Questions About Money Saving Expert & Lifetime Mortgages? Check These First
Is Money Saving Expert A Member of the Equity Release Council?
Money Saving Expert is not a member of the Equity Release Council.
What Are Money Saving Expert's Interest Rates on Equity Release?
Some of the rates are as high as 5.9% APRC, but generally, they appear to be around 4%. This is still over 1 percentage point higher than best buy mortgage rates (currently at 3.5%).
Who Owns Money Saving Expert?
Money Saving Expert (MSE) is part of the Money Supermarket group. This includes over a dozen websites, including Moneysupermarket.com and Moneysavingexpert.com
Where is Money Saving Expert Located?
Money Saving Expert is based in Leeds, Yorkshire.
PS – If you’re anything like us, you skipped to the end anyway.
So here’s the scoop – our intention is to help you by finding the best lifetime mortgage so that you can spend the money on something that you really want to, rather than on a high tax bill.
⚠️(Spoiler**) Most send us a personal thank you because we do such an incredible job – you’ve been warned. ⚠️
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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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.