Lifetime Mortgages

Which Websites include an Interest Only Lifetime Mortgage Calculator?

Lifetime mortgages come in four types: lump sum, drawdown, enhanced, and interest only. The first three options can use the same calculator because they are all similar in one thing- they compound interest onto the back of the loan until the loan is paid off. A lifetime mortgage is not paid until the homeowner dies or moves to long term care. At this time the full capital sum is to be paid along…

Using Home Equity Release Schemes to Build a Better Life

Equity release schemes are a reliable way for homeowners, mostly those over the age of 55, to capitalize on the investment they have made in their home or property. Through release of equity, homeowners are given a cash sum, income, or a combination of cash and income while being afforded the opportunity to stay living in their home. Through these options, the homeowner still owns the home w…

EquityReleaseInfo is an independent marketing website which acts as an introducer to “whole of market” companies that will offer independent equity release advice. These companies are authorised and regulated by the Financial Conduct Authority (Previously the FSA). Information provided is based on lifetime mortgage UK and home reversion UK plans. To understand the features and risks of equity release schemes please ask for a personalised illustration.