Comments on: Should You Use Equity Release to Unlock the Value of Your Home?

By: Nick

Nick — Tue, 30 Jun 2020 08:51:43 +0000

Thanks, Rhian. Yes, that’s it in a nutshell, really.

Of course, some money may well be left in the property anyway, especially if it rises in value (and/or you don’t live another 50 years!). Also, as I say in the article, it’s possible to choose a plan that guarantees some equity will always remain in the property. Though of course this may impact the amount of cash you can withdraw and/or the interest rate you have to pay.

By: Nick

Nick — Tue, 30 Jun 2020 08:45:56 +0000

In reply to kbwhiskey. Thanks for the comment. Yes, reverse mortgage is another name for equity release. I am glad it has worked well for your grandfather.

By: kbwhiskey

kbwhiskey — Mon, 29 Jun 2020 16:43:46 +0000

My grandfather has a reverse mortgage and it has helped him save a lot of money

By: rhianwestbury

rhianwestbury — Mon, 29 Jun 2020 13:26:16 +0000

I had no idea that this was a thing, but it’s a really interesting concept if you want the money there and then as opposed to leaving it to relatives in the form of property x