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How Equity Release and Power of Attorney Can Work In Tandem
Here at Equity Release Supermarket we occasional experience children and attorney’s contacting us asking whether they can take out equity release on behalf of someone they hold an Enduring or Lasting Power of Attorney over? The answer is yes. However, there are systems in place from equity release companies to protect the homeowner and […]
Can You 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...
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...
What happens to your equity release plan if you go into long-term care?
If you’ve released equity from your property, you will need to think about how long-term care could affect your plan. Read on to find out more about you and you...
Equity Release for Leasehold Properties
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...
Can I take out equity release on a retirement apartment?
Retirement apartments have become increasingly popular with older people. But can you release equity from these properties? Take a look here to find out.
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...
All You Need To Know About The Halifax Retirement Home Plan
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...
How Can I Help My Children Buy Their First House?
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...
Equity release and Inheritance Tax: how much might you have to pay?
How much could your estate expect to be taxed? And how could equity release affect this? Let’s find out.