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Equity Release News Mark Gregory
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Equity Release News Mark Gregory
Total equity release borrowing reached record £4.8bn in 2021: ERC

Total equity release borrowing reached record £4.8bn in 2021: ERC

By Mark Gregory on the 25th January 2022

Equity release clients borrowed a total of £4.8bn last year – a 24% rise on 2020’s figure, says the Equity Release Council (ERC). This included £4.3bn from 40,964 new plans and £500m from repeat clients...

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Can I Rent Out My House If I Have Equity Release On It?

By Mark Gregory on the 18th January 2022

With equity release, a fast-growing product in the mortgage industry, there are several issues which homeowners seeking equity release plans for comparison need...

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How Does Equity Release Work When You Die?

By Mark Gregory on the 18th January 2022

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 mo...

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Equity Release Supermarket expand operations with unveiling of new Group platform

By Mark Gregory on the 16th December 2021

With an intrinsic desire to help propel the industry’s digital and operational functionality, Equity Release Supermarket have now expanded their nationwide pla...

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Can You Repay Equity Release Early? Early Repayment Charges

By Mark Gregory on the 22nd February 2021

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...

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Do you have to pay tax on equity release?

By Mark Gregory on the 22nd February 2021

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...

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Equity Release for Leasehold Properties

By Mark Gregory on the 22nd February 2021

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...

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All You Need To Know About The Halifax Retirement Home Plan

By Mark Gregory on the 22nd February 2021

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...

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How Can I Help My Children Buy Their First House?

By Mark Gregory on the 22nd February 2021

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...

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How Long Does Equity Release Take?

By Mark Gregory on the 22nd February 2021

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...

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