Popular Type of Equity Release

So, can you access the wealth in your property, especially home? Simply talk, is expanding in prevalence in the UK as an ever-increasing number of mortgage holders search for approaches to get to a portion of the assets tied up in their home. As indicated by industry body, the Equity Release Council, £2.15bn was leaned in 2016 to property holders hoping to exploit their property riches; utilizing the tax-exempt money they discharged to pay off home loans, support pay in retirement, finance later life dreams and to encourage their friends and family. On brightretirement.co.uk/, you can use the online calculator to know how much you will get from the equity release.

As the price of the house has increased over the years, having the amount of wealth tied up in the property. Did you know? The lifetime mortgage is one of the most popular equity releases. To learn more about it, shop around and do the little research to gather the information you require before your equity release process.