Equity release, lifetime mortgages and home reversion plans

Equity release schemes are a way for homeowners to generate a lump sum by re-mortgaging if they have enough equity in their property. It is particularly common among older property owners who wish to free up some cash to help them in their retirement.

There are two types of equity release schemes. Firstly through a lifetime mortgage which allows homeowners to borrow against their property and defer the interest payments until they die or sell their home. The second type of equity release scheme is called a home reversion plan which allows homeowners to sell some of their property to a third party.

	10 things you might not know about equity release Equity release expert Alex Cross, Head of Product Management from McCarthy & Stone guides us through the important points to consider if you are planning equity release to help with your retirement.
	Lifetime mortgages: Don't bank on equity release Homeowners pinning their hopes on investment in their property to fund their retirement may face disappointment, new analysis shows.
	Why equity release is a better way to borrow than personal loans If you want an effective way to borrow, there are several ways you can do this. While personal loans are one option, when you think about the advantages on hand with an equity release plan it may be the latter you are most inclined to take out.
	Why equity release is a better way to borrow than personal loans If you want an effective way to borrow, there are several ways you can do this. While personal loans are one option, when you think about the advantages on hand with an equity release plan it may be the latter you are most inclined to take out.
	LV= cuts rates on lifetime mortgages An interest rate cut has been announced for the lifetime mortgages offered by equity specialist LV=.