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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. […]
Would You Support Your Parents to Take Equity Release?
Having advised on equity release schemes for over 17 years, I’m fully aware withdrawing capital from your home is a very important decision. It is probably the...
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...
How To Fund The Purchase Of A New Property With An Equity Release Scheme
The advantages of equity release being used to raise capital from property have been widely advertised. It is commonly known that their uses have been to enhanc...
Equity Release – Can it Be Used As a Means Of Bridging Finance?
The industry definition of an equity release scheme is an over 55's mortgage, with the choice of deciding whether to make payments, and the scheme eventually be...
Equity Release and the Possible Impact on Benefits
At Equity Release Supermarket, there is one question which crops up repeatedly: will equity release impact my eligibility for state benefits? Whilst this is dif...
Equity Release on Divorce -‘A House is not a Home?’
An increasing phenomenon in later life is the number of couples who are now deciding to divorce. Often having lived together but had separate lives for many y...
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...
What Leasehold Property Criteria is Acceptable to Equity Release Companies
When meeting new clients who are interested in releasing equity from their home, I’m often asked whether equity release companies will accept leasehold properti...