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Can You Pay Off Equity Release Early? If you’ve taken out a lifetime mortgage, the most common equity release product, you might be wondering if you can make early repayments. The good news is, yes, you can! Lifetime mortgages often allow for early repayments, but these loans are generally structured with no payments due until […]

What is Mortgage Equity Withdrawal? Mortgage Equity Withdrawal (MEW) is a financial term that may be more familiar to those in the US property market. But its principles apply to UK homeowners as well.  MEW is a way for homeowners to tap into the part of the property they truly own, known as equity. In […]

Is Equity Release on Jointly Owned Property Possible? Yes, equity release on a jointly-owned property is possible. If both homeowners tick the eligibility boxes, obtaining a joint equity release is as simple as getting a joint mortgage.  But, challenges might come up if there’s a big difference in ages or if the title deeds don’t […]

What is Equity Release? Equity release might sound like a complex financial term, but it’s quite a straightforward concept once you look into it.  It provides a pathway to the funds tied up in your property, granting you access to money without selling your home or taking on a traditional mortgage. There are primarily two […]

What is Interest-Only Equity Release? Interest-only equity release is a specialised loan for those over 55. With this, you can unlock the value of your home, paying only the interest monthly if you wish, to keep the loan balance steady. An interest-only equity release doesn’t require capital repayments. This means you’re not chipping away at […]

What is Home Reversion? As mentioned earlier, home reversion is a financial arrangement where you sell a portion or all of your home to a provider, typically in return for a lump sum or regular payments.  Though the provider now owns the part of the home you’ve sold, you retain the right to live in […]