Equity Release - Equity Release Schemes
We are all obviously aware of the issues surrounding pensions for retired people in the United Kingdom. Retired Britons who receive a small pension and have only limited savings do also live in properties that have most probably rocketed in value over the years which means people may not be aware of the actual value of their home or the equity that can be released.
With our equity release plans at DPC property investors, you are able to release money to use as you wish, such as going on holiday, redecorating your home or even simpler just making you’re every day life more comfortable. Our equity release plans basically allow you to borrow money against the value of your property; the debt will be repaid from the sale proceeds of your home after your death. You will need to be at least 60 years old, have no outstanding mortgage or you will need to use the equity release money to pay down the existing loan and also your property needs to be in a reasonable condition.
At DPC fast house sale investors, our equity release plan will either give you a large lump sum, a regular income or even both, the lump sum could be ten of thousands of pounds and the regular income could be as much as £100 a month or even more depending on the value of your property. The equity release is all completely taxed free and ensures a quick property sale. However equity releases may not suit everyone, if you have a family or friends you are wishing to leave an inheritance to them, then you really need to consider your options. At DPC property investors we offer a sound, helpful customer care service and offer stress free equity release plans.
More and more elderly people are starting to rely on home equity release schemes to give them the ability to free up some of the capital that is tied up in their properties. And as people carry on getting older, this inclination is bound to continue. A vast amount of older people are rich in asset but poor in terms of cash. If you have a large sum of cash tied up in your key asset that you need to get at, you could sell it and purchase somewhere smaller. But the majority of older people prefer not to sell their family home and that is where our equity release scheme comes in useful.
Is equity release a sensible solution? Yes, it can provide a rational solution for the over fifties who need an additional income in their retirement, who need funds for home renovations, or to simply pay for a dream holiday, for example. Equity release schemes have been around for a long time, but a lot of people have been cautious of it in the past.
How does equity release work? This kind of scheme works by providing you with a habitual income, or a lump sum of cash. In return, you take an interest free loan out; this is a loan which is paid off when your property is sold when you die. Another alternative is, you can opt to sell a share of your property and in return, we give you cash. The main method of equity release is referred to as a lifetime mortgage and the 2nd kind is known as a degeneration scheme.
