• Do I Qualify for an Equity Release Mortgage?

    By Mark Gregory on

    There is several strict criteria equity release companies use to assess whether any individual is eligible to take out a lifetime mortgage, or home reversion plan. To qualify for an equity release mortgage the overriding criteria must be that the applicant must own their property, of which it must be their main residence. Let’s look at the rest of the equity release qualifying rules individually: – 1. Location of Home – the property MUST be situation in the UK which includes England, Wales, Scotland and Northern Ireland. Following this, certain lenders can impose localised rulings as…

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