Traditionally, when couples purchase a property, they do so as ‘Joint Tenants’. When taking out a mortgage, I’m sure that lenders have been happy with that type of arrangement as both clients are then financially liable to ensure the loan or mortgage is repaid. The alternative, ‘Tenants in Common’ has been used where people may [...]
We regularly hear and see comments about the role of the ‘Bank of Mum and Dad’. This comes as no surprise as many who already retired are now in a position to provide additional funds for their children. Many are happy to do so as they can see the benefits of the money and the [...]
So you have now decided that you want or need some capital and you feel that one option would be to release the money from your home via an Equity Release plan. You have considered the two main types of Equity Release, the Home Reversion and The Lifetime Mortgage and now you want to move [...]
I mentioned earlier that there are two main types of Equity Release plans, Home Reversions and Lifetime mortgage and today I’m going to deal with the specific options available with the Lifetime Mortgage. So how do we choose the best option? Perhaps for most people, the starting point would be around how much money would [...]
When asked initially what they’re looking for from their Equity Release plan, most people will tell us how much money they would like to release along with an indication of what they want the money for. However, for the majority of clients, their main concern is also about ‘getting the best deal’ But what exactly [...]
Although there a number of ways of raising money on your property, perhaps through arranging a conventional mortgage or through down-sizing, you might want to consider using one of the Equity Release options. These are the Lifetime Mortgage or Home Reversion Plans. So here are a few of the main features of these plans. [...]
We’re seeing an increase in the amount information about Equity Release, in Newspapers and advertisements on the TV from providers such as Aviva and Legal & General, but is this something we should be considering, and if it is, where do we go to get the facts? Perhaps there are two places to start. The [...]
