To qualify for an equity release scheme you or your partner should be over the age of 55 and owner of a private residence, which allows you to release money from your home and spend on things like repairs and renovation of your home and settling credit cards or loans and even providing an additional monthly income.
Equity release schemes consist of three types which are:
-Home Reversion Plan
Lifetime Mortgage allows you to release a huge amount from your property (tax free) with no monthly repayments. The best part of this plan is you will have full ownership of your home which means you benefit from the rise in real estate prices and, the loan will be a debt against your property which in turn will reduce your tax liabilities.
Drawdown Plan is more flexible compared with the previous one and the benefits of the scheme are also very similar. Even this scheme is non repayable during your lifetime and allows drawdown cash from your equity release or even go for a monthly income option.
Home Reversion Plan is available only for people above the age of 65. Under this plan you sell your home for a lump sum, an income or even both. This seems to be more beneficial and less expensive compared to the Lifetime Mortgage Plan.
Each of the above plans have been categorised with their respective names with further information. You can choose from the section on the left side of the page by clicking on their names which have been highlighted and will be easily spotted once you visit the homepage. There is also a section with a detailed explanation of the legal process for you to know that this company is absolutely registered and legal.
Expert Equity Release is one of the top firms of the United Kingdom, with over 23 years of experience offering expert advice on independent products from all equity release companies in the country. They bring you one of the best equity release schemes and make your retired life easier and free of stress and worry by helping you invest your money in the right places.
Expert Equity Release have qualified advisers to assist you making decisions about choosing the right equity release schemes, and explain in detail about how the scheme works. If you have any enquiries to make all you have to do is fill up a form and feed in your number and also a flexible time when they can call you to fix an appointment, and they will be right at your door or call them at the contact number available on the homepage. Contact timings are between 9:00 a.m. to 5 p.m. The consultation is absolutely free of cost.
Website : http://www.expertequityrelease.co.uk