What is a lifetime mortgage?
What is a lifetime mortgage? Lifetime mortgages are the most popular type of equity release plan. They work by giving homeowners access to some of the value, or ‘equity’, tied up in their property. Unlike a conventional mortgage, which runs for a fixed term, a lifetime mortgage is designed to run for the rest…
How To Fund The Purchase Of A New Property With An Equity Release Scheme
How To Fund The Purchase Of A New Property With An Equity Release Scheme The advantages of equity release being used to raise capital from property have been widely advertised. It is commonly known that their uses have been to enhance retirement lifestyles by way of home improvements, holidays, debt consolidation etc. However, a…
