Equity Release Schemes

Equity Release Schemes are arrangements that allow property owners to borrow money based on the value of their homes and defer payments for a defined period, or until after a defined event, usually the death of the borrower or the sale of the property. In this context “Equity” refers to the value of your property less any mortgages you may owe. Generally speaking, these schemes are aimed at older people who are also home owners and this article has been prepared with such people in mind.

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