Tag: Equity Release Warehouse

Equity Release Warehouse – Get Best Retirement Solution with Equity Release

Posted by on June 18, 2012 | Comments

Equity release is one of the processes to release your locked money into cash. This is a type of agreement in which owner of the house can sell out their all or part of the property to the financial organisation in exchange for cash. The main benefit of these schemes is that the owner does not need to move out, they can continue living there. Basically, equity release method is often helpful for older homeowner who wants to raise money for any personal reasons or medical emergency.

In UK financial market, there are main five types of equity release methods are commonly used, as per individual requirements. An equity release adviser will give you full detail of these plans. These plans come with their own advantages and disadvantages. Go through in detail and you may able to find which one suits you the best.

equityreleasewarehouse.co.uk provides you with the best solutions of your any equity release related query. If you are worried about how much you could release, equity release warehouse provides you free equity Release calculator on their website (www.equityreleasewarehouse.co.uk) that can be used for this purpose.
Equity release scheme gives you an option to retain your house you and your significant partner are alive or get into a long term care facility. One of the schemes they have is a lifetime mortgage in which the principal amount of the loan and accumulated interest component gets repaid fully to the equity release provider in case of your or your partner’s death or when you get into a long term care. Lifetime mortgages also allow one to remit a portion of the accrued interest on a monthly basis. There is another scheme they have which is called ‘Home Reversion Plan’, per which the percentage of the property you sold will revert to the provider.

Now let’s understand the various criteria that need to be met for the equity release sachems. Good news is – UK government has put in lot of efforts to make it very simple. First point that you have to pass is that your age should be over 55 and worth of your house is at least £50,000. If these basic criteria are met then you can opt for this equity release schemes.

Equity release warehouse also deals in equity loan. Equity loan is also known as mortgage loan. As far as is I know, lifetime mortgage would be a good option, especially if you would like to release equity from your property in order to protect your future.

Broadly, the UK equity release market comprised of two types of equity release plan – the most sought after plan is a lifetime mortgage. Under this plan the house owner remains the owner of the property, however, the property is considered under the repayment of a mortgage and it accrues the interest for the lifetime of the house owner. The other type of plan is known as reversion plan, under this, house owners sell all or part of the property to the equity release provider in exchange for a right to retain the house without having to pay any rent.

There are many companies that provide equity release calculator on their website that can compute a rough estimated amount of equity. These types of tools are certainly very helpful for prospective customers to understand and make a decision as to which equity release would be a right choice for them.

Equity Release Warehouse has specialisation in equity release service and they can provide you with the best retirement solutions of your property.

Tags: ,

Powered by Invision One Entries (RSS) | Author Profile