Equity Release Comparison

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Equity Release Comparison

We work with some of the UK's biggest brands and as such, we can offer our website users a quick and easy way to research the marketplace.

20/06/2022

Can I still move home?

Normally, the money obtained from equity release is only repaid when customers die or move into long-term residential care. But what happens if you want to move house after you have taken out an equity release.

In some cases, your Equity Release provider may be able to transfer the debt onto your new property. Allowing you to move home. However, if the property is worth less than the current property, you're in, the provider may decide not to transfer the debt.

Why not compare today and see how much you could release at https://www.equity-release-comparison.co.uk/

13/06/2022

Does equity release affect inheritance tax?

A lifetime mortgage will affect how much inheritance you can leave.

You can use equity release to give your children or grandchildren an early inheritance – or ‘living inheritance’.

But if you pass away within seven years, your children may have to pay inheritance tax on the gift you gave them.

Why not compare today and see how much you could release at https://www.equity-release-comparison.co.uk/

06/06/2022

What is a lifetime mortgage?

Most people who take out equity release use a lifetime mortgage.

Usually, you don’t have to make any repayments while you’re alive. Instead, interest is ‘rolled up’, which means the unpaid interest is added to the loan. This means the debt can increase quite quickly over a period of time.

However, some lifetime mortgages do now offer you the option to pay all or some of the interest, and some let you pay off the interest and capital.
In the same way ordinary mortgages vary from lender to lender, so do lifetime mortgages.

Why not compare today and see how much you could release at https://www.equity-release-comparison.co.uk/

30/05/2022

What options do you have with equity release?
There are two equity release options, and it is important to figure out which one is best for you:

Lifetime mortgage: you take out a mortgage secured on your property provided it’s your main residence, while retaining ownership. You might be able to ring-fence some of the value of your property as an inheritance for your family. You can choose to make repayments or let the interest roll-up. The loan amount and any built-up interest is paid back by selling the property when the last borrower dies or when they move into long-term care.

Home reversion: you sell part or all of your home to a home reversion provider in return for a lump sum or regular payments. You have the right to continue living in the property until you die, but you have to agree to maintain and insure it. You can ring-fence a percentage of your property for later use, possibly for inheritance by only selling part of your property. The percentage you retain will always remain the same regardless of the change in property values, unless you decide to take further cash releases. When the last borrower dies or moves into long-term care your property is sold and the sale proceeds are shared according to the remaining proportions of ownership.
Why not compare today and see how much you could release at https://www.equity-release-comparison.co.uk/

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