Before entering into equity release, you need to be well informed about this type of financial product. Below are answers to some common questions that might make your task easier.
What is equity release?
Equity release schemes help retired individuals to raise money from their property. Firstly, the term ‘equity’ describes the net value of your property. This is calculated by taking the current sale value of the property & deducting any mortgage or secured loans upon it.
The money
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