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 your money immediately and instead put it into savings accounts, this could be taxable. […]
What Happens to my Equity Release Plan When I 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 mo...
Can I 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...
How Long Does the Equity Release Application Process Take?
The equity release market is currently at its peak with a record number of applications. For those aged over 55 and are considering releasing equity, here we re...
Common equity release myths that need addressing
In recent years, increasing numbers of homeowners have turned to their biggest asset to boost their income in retirement. Whether this means generating cash for...
Holiday Hotspots: Where to Travel to in Retirement
Home to Mount Kilimanjaro and the Serengeti National Park, Tanzania is a country which boasts both exotic wildlife and breathtaking natural beauty. It has long...
Equity Release: How Long Does It Take?
If you are approaching retirement, or are already retired, you may be looking for ways to boost your pension pot. This is where - in some instances - equity rel...
New Year, New Us: How We’re Upgrading in 2019
While 2018 has been a year of uncertainty for many, for us at Equity Release Supermarket, it has been a time of positive change. We began the year with a clear...
This week saw the launch of Legal & General’s Income Lifetime Mortgage plan, following hot on the heels of October’s release of the Saga Regular Drawdown plan....
The Ultimate Bucket List: How to Spend Your Cash
Life may “begin at 40”, but the real fun, it seems, starts after retirement. According to recent research, it’s thought that as much as two-thirds of people pla...