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How Does Equity Release Work When You Die?
When you die, your equity release plan is repaid. Your beneficiaries must inform your equity release lender and with a lifetime mortgage they usually have 12 months after your death in which to repay your plan. This is usually through the sale of your property; however it can be by any financial means. Once your equity release plan is repaid, the money left over will then form part of your inherit...
Can I Rent Out My House If I Have Equity Release On It?
With equity release, a fast-growing product in the mortgage industry, there are several issues which homeowners seeking equity release plans for comparison need...
Equity Release Supermarket expand operations with unveiling of new Group platform
With an intrinsic desire to help propel the industry’s digital and operational functionality, Equity Release Supermarket have now expanded their nationwide pla...
Can You Repay Equity Release Early? Early Repayment Charges
You can repay equity release early, the most popular plans being lifetime mortgages, but depending upon the lender, the type of plan and when it started, early...
Do you have to pay tax on equity release?
No, you don’t pay tax on equity release. The money you receive is tax free, but what you do with your money may be subject to tax. For example, if you don’t use...
Equity Release for Leasehold Properties
More house owners are looking at equity release plans to free up funds from their properties for a variety of reasons. These may range from helping family membe...
All You Need To Know About The Halifax Retirement Home Plan
Ever wondered what you will do after retirement? Taking a cruise around the world, completing those home improvements you always intended to make or enjoy helpi...
How Can I Help My Children Buy Their First House?
With research showing that UK Millennials now need 13 times their annual salary to buy a home in the nation’s capital, increasing numbers of first-time buyers a...
How Long Does Equity Release Take?
Equity release usually takes from between just 4-6 weeks, though at Equity Release Supermarket, we have cases where the whole process has been completed in just...
Can You Take Out Equity Release With A Power of Attorney?
The simple answer to this question is YES. However, there needs to be an understanding of what type of Power Of Attorney (POA) is in force, when it was taken...