Image result for equity release calculator

What is House release equity? During the process, you eventually give out your property or a certain part of your property to the lender against a sum of money. In fact, the equity release companies have to be informed about the mode of payment you want to opt for. You can either take the total value of the equity release at one time, which give you lump sum money. In case you want to get money paid in installments, you can even go for that option as well. Now you will get payment in the form of monthly installments. This option will not only save your money but also improve your monthly budget. Moreover, you do not need to leave your residence after releasing your House equity. The best part of release House equity is that you can live in your house till your death. Have a look at UK equity release calculator for more info on this.

It is important to note that you have to meet some deadlines and satisfy some clauses in case you want to go for House Release equity. Then only equity release companies will help you in releasing equity from your property. The person who wants to release House equity should be 55 years or more of age. Secondly, he/she should be the owner of the primary residence that will be released for equity. The house should be in good condition and should have a decent valuation. Last but most importantly you can only release House equity if you do not have any outstanding mortgage particularly against your property. Fulfilling these criteria successfully will let you release House equity and have a peaceful retired life.

Looking to Release House equity? At 55+, we are fully independent, professional equity release specialists working in Lancashire, London, Manchester, South East and across the UK. 55+ Equity Release offer expert advice and an uncompromising quality of service, placing your needs first.

Posted in Legal