Ads Art

Equity Loans Just for You

Nowadays, there are different types of equity loans that you can choose from. So, how will you know that you’re choosing the right loan for you and your family? In Expert Equity Release, we offer different types of loan. You can choose a loan that would give you more benefits and one that would make your retirement comfortable and manageable.

We have different Equity Release Schemes that we can advice you on. We have three types of these loans and these are:
·

The equity release lifetime mortgage – this is one type of Equity release mortgage which allows you to release the equity tied up in your current property as tax free lump sum. In this type of loan you can spend your money in whatever way you want without worrying of having to pay monthly for the monthly dues. It depends upon you if you want to take the money as a regular income and take it as a lump sum. It’s your choice, whatever and however you want it to be. This kind of mortgage is secured against your property and it will be paid off when your home is already sold. One of its advantages is that it is available to homeowners aged 55 or above.
·    The Drawdown plans – it is a simple lifetime mortgage with increased flexibility. The difference between basic lifetime mortgage and a drawdown plan is that you will not receive the lump sum amount right away. You have to decide what amount of equity you would want to release and “draw down” the remaining amount in stages. Like lifetime mortgage, it is also available for homeowners aged 55 or above.
·    Home reversion plans – is a type of plan that lets you sell a part or all of your property to a reversion company. In exchange, you can choose whether you want it to be paid in lump sum, as an income or a combination of the two. It’s all up to your decision. Thru this kind of loan, not only you but also the reversion company will be benefiting from an increase in property value and as the homeowner, you will be able to stay in your property “rent free” for a lifetime. This type of loan however is available only for homeowner aged 60 and above.

If you have questions about equity release loans, feel free to visit us at www.expertequityrelease.co.uk. In Expert Equity Release, we have different types release loans in which can help you in your plans of releasing equity. We would be very happy and ready to listen to you and give you advice when it comes to equity loans.