Selling a home to pay for care home fees is a big topic in the UK. In fact, the UK Government just increased National Insurance to contribute to a new Health and Social Care Levy designed to prevent more people from having to sell their home to pay care home costs.  So how do care

What are the best equity release rates available in 2022? If a lifetime mortgage is on your radar, you probably want to know how much interest you’ll be charged when taking out a plan this year. We explain how lifetime mortgages work, what you can expect to be charged and how to mitigate the interest

What is shared ownership equity release and is it even possible? There is some confusion relating to what classifies as shared ownership equity release – and we’re here to bust the myths.  If you have a genuine shared ownership property and want to know if a lifetime mortgage or other equity release plan is available

There has been a surge in the number of internet users searching for “equity release Scotland” online. But what really is equity release and is it even available to people who live in Scotland? If you are an older homeowner looking for a way to access a lump sum loan with zero monthly repayments, you

Learn the basics about equity release (Northern Ireland) right here. We explain how equity release works for residents of Northern Ireland and answer the most asked questions by locals. Let’s begin with what equity release really is.  What is equity release and how does it work? Equity release is a method of borrowing for senior

Do you want to delete your Very account that you’re no longer using or you’re too tempted to use all the time? Throughout this guide, we’ll show you how to delete your Very.co.uk account for good to stop you from being tempted and save you some money. What is Very.co.uk? Very.co.uk is an online retailer

What are equity release specialists and how much do they charge? These are two of the main questions we will be answering in this guide. But before we get into that, let’s recap on lifetime mortgages, home reversion plans and related topics.  What is equity release and who can use it? Equity release is available

What are the equity release companies to avoid?  In this detailed new guide, we take a look at the different types of equity release and the advantages and disadvantages of equity release in the UK. We then look at which equity release companies to avoid, and which ones to consider.  What is equity release and

Learn what people think about lifetime mortgages and specific equity release companies with some equity release reviews.  We take a look at some generic and company-specific equity release reviews so you know more about these products and what to look out for. Let’s start with a quick recap on how equity release really works.  What

What is the cheapest equity release plan in the UK? If you have decided to apply for a lifetime mortgage, you’ll probably want to know where the cheapest equity release interest rates can be found.  Here you can find some useful tips when searching for equity release interest rates in the UK, and some additional

Do you want to compare equity release methods and know what to look out for? You came to the right place. Throughout this guide, we will discuss the various equity release options and compare the two types of equity release in the UK.  What is equity release and how does it work? Equity release is

How can you release equity from your mortgage? We discuss the different ways to access some of your home equity in the UK. We’ll look at the three most common methods of releasing equity, namely remortgaging, second charge mortgages and an equity release mortgage for over 55s.  What is home equity? Home equity is the

What is pension equity release and what are the implications of it? In this brand-new guide, we discuss the possibility of taking money from your personal pension early, and the tax implications of doing so. We also take a look at an alternative to taking money from your pension early, called a lifetime mortgage. Let’s

Can you get equity release with an existing mortgage? We discuss the potential to use an equity release plan with a small existing mortgage here. And we take a look at the other ways of releasing equity with an existing mortgage debt.  What is home equity? Home equity is the value you own in your

CREDIT FIX is one of the biggest companies helping people to leave their DEBTS behind. But before you agree to their DEBT SERVICES, you should know that…

What are the best equity release deals? We take a look at equity release interest rates before looking at three options that could be attractive depending on your situation. Let’s get straight into it.  What are equity release deals? Equity release products are a way for older homeowners to borrow money secured by their home.

Can you use equity release to help children?  Equity release is well-known as a way for seniors to help fund their retirement, which may mean different things to different people. But can equity release help power the bank of mum and dad? We discuss the possibility for equity release to be used as a financial

IVA equity release refers to a clause within Individual Voluntary Arrangements (IVAs) that asks the debtor to release equity (an asset!) towards the end of their debt solution repayment plan and give the money to their IVA creditors.  So, how can debtors release equity at this stage of their IVA, and can senior homeowners use

What is 100% equity release, and is it possible?  If you want to access a tax-free lump sum with no monthly repayments, equity release is the only option. But can you really get 100% equity release and still not have to make monthly repayments? Let’s find out as we recap on the different types of

Can you get equity release on jointly owned property, and if so, how does it work? Equity release is a complicated affair in any situation, but it can be made more complicated depending on your property ownership situation and living arrangements.  In this new MoneyNerd guide, we take a look at equity release for couples

“Can you get equity release on a leasehold property?” This is a fantastic question asked by some senior homeowners considering a lifetime mortgage or other equity release plan. This guide will recap on what equity release is – and what it is not – before getting into the nitty-gritty of our main question. Read on

Can you get equity release with repayment option? Equity release is renowned as a way of accessing money without needing to make any monthly repayments. So can you get equity release and make repayments – and if so, why would you want to? In this guide, we revisit the basics of equity release in the

An equity release loan, also known as a lifetime mortgage or home reversion plan, is one way of making retirement more comfortable for suitable seniors. Learn everything you need to know about equity release loans in the UK, including how they work and FAQs, right here!  What does it mean to release equity? Releasing equity

Equity release solicitors are an integral part of the equity release process and you will need to pay for their services.  We discuss the key details when choosing an equity release solicitor before providing you with good options whether you are based in England, Wales, Scotland or Northern Ireland. Read on for help looking for

What is the best equity release method in the UK and what is the best equity release provider? Anyone considering a lifetime mortgage or other plan will be eager to know the answers to these questions.  Although everyone should be receiving equity release advice to avoid the common equity release pitfalls, explore alternatives and potentially

What are equity release advisers and how much does it cost to get equity release advice? We explain the role of an equity release adviser in the UK and answer your related questions in this guide. Everyone should receive professional equity release advice before making an application, so you’re going to want to know more. 

What are the best equity release companies in the UK?  This question has been asked scores of times by our readers who are considering equity release. In this new guide, we discuss the details of equity release – including lifetime mortgages – and then look at some of the equity release companies and banks to

Equity release for over 70s is a real possibility and may allow the homeowner to access a large percentage of their property value as a loan with no monthly repayments. Just because it is difficult to get home equity loans as a senior doesn’t mean accessing your equity is off the table. Uncover the key

Equity release for over 65 does exist and it includes no monthly repayments. Sounds too good to be true? Well, you need to hear this.  Deciding to use an equity release plan when you are older than 65 can be a smart move that enables you to borrow against more equity than normal. Learn the

Uncover everything you need to know about equity release for over 60s here. We discuss how over 60s can still get a secured loan against their home equity – and they won’t even be required to make monthly payments to repay the debt. If you’re over 60 and want to release equity on your main

“Equity release for over 55” is a popular search online because so many seniors want to know if they can release equity without taking out a home equity loan, which is usually not available to older people nearing retirement. The good news is they can – and we’re here to discuss the details. What is

What is retirement equity release and how does it work? We provide a crash course on equity release options for retirees in the UK and provide some top tips along the way. If you’re seeking an equity release scheme to help fund your retirement, this guide is the perfect place to start your research. Don’t

Is it possible to get a seniors equity release home loan? In this guide, we ask if senior citizens in the UK can get a home equity loan as a retirement income, and look at some alternative options. If you need lump sum cash as an older person, you’re going to want to hear this! 

What is the equity release age limit? This guide will quickly recap on lifetime mortgages and home reversion plans before discussing the minimum and upper age limit to release equity in the UK as a senior homeowner. With the information below, you’ll know if you qualify for lifetime mortgages based on your age – and

Can you get equity release under 55? All lifetime mortgages and home reversion schemes have minimum age requirements to access these loans. So, can you release equity with these products at 50 years old?  We also discuss some alternative options to release equity – just in case you don’t meet the age requirement. Read on

How much does equity release cost?  When you take out a lifetime mortgage or other equity release plan, there is the cost of the plan itself as well as other arrangement costs you may have not considered. This MoneyNerd guide is written to provide insights into the main and hidden costs of equity release. First,

How much will you be expected to pay in equity release solicitors fees as part of the equity release process? This is one of the main questions we’ll be answering in this guide as we take a look at the use of financial advice and legal advice before applying for a lifetime mortgage. Find out

Can I rent out my house if I have equity release on it? And can I have a tenant or lodger in my house?  These are interesting questions for anyone considering taking out a lifetime mortgage or for anyone who already has one. You might be surprised by the answers.  Read on to learn about

Do you have to get equity release advice before committing to a lifetime mortgage or other equity release product? Find out the answer to this question and uncover the average costs of equity release advice in the UK, right here!  Equity release explained Equity release is a method used by senior homeowners to access some

What is the best way to release equity from your house? Below we recap on what it means to release equity before discussing the different and best ways to release equity in the UK. If you want to untie some of the value in your home, there are options available.  What is home equity? Home

What are the disadvantages of equity release? Anyone considering a lifetime mortgage or home reversion plan should be aware of the pros and cons of these schemes. This guide is dedicated to looking at the advantages and disadvantages of equity release, with special attention paid to the latter.  Read on to uncover more and get

Anyone considering an equity release plan like a lifetime mortgage should also be aware of the pros, cons and potential pitfalls of equity release in the UK.  In this new MoneyNerd guide, we discuss the different equity release schemes before looking at the potential pitfalls of equity release. If you’re thinking about releasing equity, you

What are the dangers of equity release? There are lots of pros and cons to consider before you release equity using a lifetime mortgage or other scheme.  In this new MoneyNerd guide, we recap the basics of equity release in the UK before diving into some of the dangers of equity release. Many common concerns

Can you release equity to buy a second property, and if so, how can you do it? We discuss the different methods of releasing equity to buy another property, including equity release for seniors and the possibility to use a second charge or remortgage to buy another property as a younger homeowner.  Can you release

Can you repay equity release early? For various reasons, people who take out equity release plans may want to get out of their plan completely, or make some earlier repayments to increase the inheritance they pass on. But is this possible? We recap on equity release in the UK before answering this important question and

How much equity can I release with a lifetime mortgage or home reversion plan? This is a common question and one that may decide whether equity release schemes are worthwhile to you.  Unlike other methods of borrowing, the amount of equity you can release is not determined by finances and credit scores. Let’s recap on

What is bad credit equity release – and is it possible to release equity with a bad credit history?  If you’ve been considering a lifetime mortgage or any other equity release scheme but are worried that bad credit will hold you back, you need to hear this first.  What is equity release? Equity release is

If you want to know how to release equity as a senior homeowner or by remortgaging, we have detailed explanations right here. This guide will explain the key difference between equity release schemes and remortgaging to release equity, so you know which one is applicable to your situation.  Always think carefully before borrowing against the

What are the equity release rules when it comes to lifetime mortgages and any other equity release plans? We discuss and explain lots of equity release rules from eligibility to the Equity Release Council and even on spending your cash lump sum.  Always engage with an equity release adviser as part of the process, but

What is short term equity release and does it exist? Anyone that knows a bit about lifetime mortgages and other equity release schemes may be confused about the idea of short-term equity release. So, is it possible? Read our guide to uncover the details.  What is equity release? Equity release refers to two main financial

One of the most popular searches online regarding equity release is “remortgage buy to let release equity”. Although this may not make much sense to some people, it makes perfect sense to those wanting to remortgage their buy-to-let property to release equity.  But is buy to let equity release possible, and if so, how can

What is interest only equity release and is it worthwhile?  There is a way to keep the growing costs of a lifetime mortgage down by choosing an interest-only lifetime mortgage instead. These interest-only mortgages may or may not be a wise financial decision.  Read on to learn about the interest-only equity release mortgage and related

What is drawdown equity release and how does it work?  We revisit the topic of equity release before zoning in on drawdown lifetime mortgages in the UK in this post. Using a drawdown lifetime mortgage may save you on interest and maintain your eligibility for some state benefits. Learn more here!  What is equity release?

When you are considering a lifetime mortgage or other equity release plan, it’s normal to want to hear about equity release horror stories so you can avoid the same pitfalls.  In this guide, we readdress the basics of equity release before relaying some equity release horror stories found online. We’ll even tell you how to

One of the best ways of understanding different equity release schemes is with an equity release example of each one. That’s why we have created a dedicated post to provide examples of how the different plans work, along with answers to the most asked relevant questions.  Take in the information below to learn how they

What classifies as mis-sold equity release schemes? In this equity release mortgage guide, we quickly recap on equity release mortgages and schemes before diving into the topic of mis-sold equity release.  If you believe you were wrongfully talked into equity release and mis-sold a plan, we’ll even explain what you can do about it.  What

What is an equity release calculator and should I use one? If you are considering a lifetime mortgage, then an equity release calculator could help you understand how they work and how your debt can grow.  We recap on the fundamentals of equity release before explaining everything you need to know about an equity release

What are the pros and cons of equity release?  We help you weigh up lifetime mortgages and other plans by discussing the advantages and disadvantages of equity release. If you are seriously considering this option, you should also seek professional advice from an independent financial adviser.  But our guide is a great starting point. Keep

Can I sell my house if I have equity release?  It’s common for people with an existing equity release plan to question whether they can sell their current home to move into a new property, possibly a smaller one as part of a downsizing plan.  The answer all depends on the value and type of

Is equity release safe? This is probably the first question you ask when you start to consider releasing equity as a senior.  In this guide, we discuss the safety of accessing tax-free cash from the value of your property and your ability to stay in your home without issues. Read on to determine if equity

The Equity Release Council is a fantastic group working for older homeowners who are considering equity release and need advice during the process. We revisit the basics of equity release schemes before discussing what the Equity Release Council is – and what it does.  What is equity release? Equity release is a way for senior

Is equity release a good idea?  This is a frequently asked question by any senior considering lifetime mortgages or home reversion plans. It’s a difficult question because the decision doesn’t just come down to finance. You’ll also need to consider your loved ones and estate beneficiaries.  We take a look at the pros and cons

How does equity release affect benefits? This is one of the most searched questions related to equity release on the internet. If you’ve been asking this question, you should be proud of the level of scrutiny you’re applying to equity release plans and their wider consequences.  Below we have revisited what releasing equity from your

Should I choose equity release or downsize to make retirement more enjoyable? If you’re entering your senior years, you probably want to make yourself as financially comfortable as possible.  Releasing equity and downsizing from your current home to a smaller one are two options that can do just that. But, which one should you choose

Enhanced equity release is a good option for those considering equity release with ill health or a terminal condition. The amount of money you could release as tax-free cash within an enhanced lifetime mortgage could be far more than in a standard lifetime mortgage, giving you greater comfort in your twilight years. In this guide,

Can you get equity release on a flat?  With most elderly people living in houses, fewer people are asking whether you can get equity release schemes for apartments. The short answer is yes – but the long answer needs to make you aware of possible leaseholds issues and lease extension hurdles.  Keep scrolling to uncover

Is it possible to release equity to pay off debt? We’ve been asked this question a lot recently, so thought it best to provide a detailed guide on how to release equity to pay off debt.  Read on to uncover the finer details of equity release, before we get to the meat of the question. 

How long does equity release take? If you’ve decided to go ahead with an equity release plan, you’re probably eagerly anticipating your cash lump sum or drawdown to start making home improvements or to plan your next getaway.  We explain the different equity release schemes and how long the average equity release process will take

Most of the concerns surrounding equity release plans are related to two things, either the rules about continuing to live in your home, and what happens to your plan when you die. In this free guide, we’ll be focusing on the latter.  We discuss some of the specifics about single and joint equity release schemes

What are the current equity release interest rates? And what is the total cost of equity release? In today’s guide, we’ll be looking at how interest rates are applied to lifetime mortgages and what this does to the total debt owed.  If you want to know about equity release and interest rates, you’ve come to

Equity release and inheritance tax are two topics that may have more to do with each other than you think.  In this guide, we recap on equity release before discussing how lifetime mortgages and other schemes can affect or even reduce the amount of inheritance tax owed. If you want to know about the tax

Do you pay tax on equity release? This is a common question asked by homeowners considering releasing equity. We discuss if the money you receive is subject to any type of taxation and how it is possible to use equity release to rescue inheritance tax.  What is equity release? Equity release is a type of

How does equity release work? If you have heard of equity release before but aren’t entirely sure what it is or how it works, this guide is for you.  We’ve written a concise guide covering all aspects of equity release. Whether you want to know more about a lifetime mortgage, home reversion scheme or have

How good are secured loan rates of interest? One possible advantage of choosing a secured loan over an unsecured loan is that you might get a lower interest rate. So, what are secured loan rates really like?  We take a look at the interest rates on secured personal loans and what factors will influence the

Short term secured loans can be a good option for people and families wanting a smaller amount of credit with a good interest rate.  Refresh your knowledge of secured loans below and find out more about short term secured loans, including an example from the loan market right now.  What is a secured loan? A

Scores of internet users have been searching “secured loans interest only”, seeking a secured loan where they only need to pay the interest on the loan for part of the repayment period.  But do these types of secured loans exist and if so, where can you find them? Read on to uncover the truth about

There is a growing trend of internet surfers searching for secured loans online, but many of them are actually searching for a “secured loan direct lender”. If you’re unsure what a direct lender is and are about to go hunting for your own secured loan deal, you’re going to need to hear this first.  There’s

Once you’ve decided that a secured loan is right for you, the next task is to compare secured loans online. We recap on what a secured loan is before discussing the different places to look and compare loans.  Read on for additional tips and hints to help you find the most beneficial loan deal.  What

Finding cheap secured loans can save you a lot of money over the lifetime of the loan and even help you keep up repayments more easily. In this MoneyNerd guide, we discuss secured loans and look at some cheap secured loans in the UK today.  Taking out a secured loan comes with risks, but you

What is a secured loan broker – and should I use one?  We receive lots of questions about secured loan brokers, so we thought it best to address this topic in a concise guide. Read on to fully understand what a secured loan broker is in the UK.  Secured loans – quick recap! Secured loans