Various Equity Release Schemes Can Help To Have A Joyous Retired Life

By Author: jimwright
Total Articles: 100
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The problems that come after retirement are very grave. Along with the age factor, there are also several other factors that start disturbing the old people. With old age, various kinds of problems related to health crop up. And it is quite obvious that the expenses required to deal with these problems are also quite high. In such a stage, the only option left is to release home equity. There are various kinds of equity release schemes and plans that are available. The senior citizens can choose the plan that suits their requirements best. However, it is very important to understand the various equity release plans and schemes before investing in them. If you cannot understand them by yourself, you can always seek assistance from the experts.


There are various insurance companies that can arrange to release home equity from your property easily. But before investing in any such equity release scheme, it is very important that you understand all the terms and conditions that are associated with the scheme. There are various risk factors associated with it; you should have thorough knowledge regarding those ...
... too. If you are interested in equity release plans, do a little research and study on them. Do a study on the various insurance companies that can help to release home equity. There are many factors that should be kept in mind while selecting a company for releasing equity. Talk with various companies before making a final decision regarding the company from which you want to opt the equity release scheme.



There are various kinds of equity release schemes that are available with the various insurance companies. Some of the most common ways to release home equity are as follows:

Shared Appreciation Mortgages – In this equity release plan, an estimate is calculated as what can be the growth of the property in future. Depending on the rate of growth that might take place, a certain amount of loan is sanctioned to the borrower.

Lifetime mortgages – This is also a common way to release home equity. In this plan, the senior citizen does not need to leave his house even after equity release from the property. He can live in the house till he is alive. Not only that, he also gets money against the property. The money can either be taken as monthly installments or in lump sum; as is suitable for the person.

Interest only schemes – As the name indicates, in this equity release plan, one is eligible to get only monthly installments. The concept of lump sum amount is not applicable in this release home equity scheme.

Home reversion plans – In this kind of equity release plan, one can sell out small portions of the property instead of the whole property. Cash is not given out in this until and unless the whole property is sold out.

Home income plans – If you want to release home equity through this scheme, you should have some good knowledge about annuities. This equity release plan is associated with annuities.