Combat Economic Constraints with Equity release Schemes

05.03.2012 | Author: hanscruze017 | Posted in Mortgage
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Are you planning to improve your finances? Is your financial stability facing any turmoil? If the answer is yes, then it is high time to make plans to receive a beneficial return. Under such disturbed circumstances, the equity release schemes are chosen by people to stabilise their financial situation. Before you opt for a scheme, it is essential to hire a finance expert to get authentic equity release guide.

Do you know what equity release is?

Equity release is a scheme that provides you with an opportunity to stabilize your finances against your own existing property. It is a key to secure your post retirement period. Most of the people face difficulties after their retirement with minimum savings or with their humble pension plans. In such cases, equity schemes are highly effective for the retirees.

Equity release at a glance

  • The applicant will receive handsome amount or instalment payments, depending on the schemes that you have applied.

  • The applicant will not have to make any monthly repayments.

  • You can enjoy the received amount as per your wish.

  • You will not have to sell or vacant your house. You will have the freedom to enjoy your house for life or as long as you will wish.

  • You will be offered a wide range of equity schemes by the equity release guide, to meet your regular expenses.

  • An effective scheme will reduce the valuation of your present estate.

    • Most of people want to enjoy a secured and tension free retired life. Therefore, government and other financial organizations are launching a variety of equity release schemes to offer a secured post retirement period to the senior citizens.

    However, before you opt for any such schemes always seek equity release guide from an expert finance consultant with updated knowledge. There are certain terms and conditions which, you have to fulfil before applying for equity schemes.

    Fundamentals of equity schemes

    If you want to qualify for an equity release scheme, you have to fulfil the following conditions.

  • Both partners have to be over 55 years

  • The valuation of your home must be at least 50,000 pound

  • You should be the direct owner of the property.

    • If you want to know about the different schemes that are available in the market, you can also take equity release guide from the online consultants. They will let you know the various schemes like lifetime mortgage, drawdown lifetime mortgage and home reversion programs.

    If you are eligible and standing at the verge of your retirement, do not waste time; apply for a scheme to get a healthy and secured retired life.

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