Equity Release Plans
Later Life Mortgage Types to Help You Find the Perfect Way to Release Cash
Looking to Unlock the Key to Your Retirement Dreams? Look No Further! We've Got the Secret to the Best Equity Release Types Available in May 2022.
Equity Release Plans
Our SovereignBoss readers often ask us which type of equity release plan would be right for them
With huge market expansion seen over the past few years, there’s more competition than ever, and in today’s world of equity release presents you with some serious options. Many of these features can be mixed and matched, giving you a custom, tailored, equity release experience.
We’ve broken down each option as simply as possible, to help you make the best decision for yourself and your family.
Let’s start with the later-life lending plans available on the UK market in May 2022.
Lifetime Mortgage Plans
The most popular form of equity release is a lifetime mortgage, and as years go by, the industry keeps adding more flexible features
The most popular form of equity release is a lifetime mortgage, and as years go by, the industry keeps adding more flexible features.
Simply put, if you’re 55 or older and you select this option, you’ll have the opportunity to unlock cash tied into your home, while retaining 100% ownership of the property.
The loan, plus compound interest, is then repaid from the sale of your home when you die or move into long-term care.
There are a few options for lifetime mortgages. Let’s take a look!
What types of equity release plans are available and which one is right for me?
Other Ways to Borrow
While lifetime mortgages are the most popular, they aren’t the only answer. Here’s everything you need to know about other forms of later-life borrowing available in May 2022.
Your financial adviser will be able to guide you on which plan could be best suited to your personal needs.
How Much Can You Release?
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Are You Considering Equity Release?
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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.