Scott Nelson - Founder of MoneyNerd
Posts by Scott Nelson:
Home reversion providers: how to compare plans
A home-reversion plan sells a share of your home below market value in return for money and occupancy rights. Check current provider availability and obtain specialist advice.
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Lifetime mortgage providers: how to compare options
Compare lifetime-mortgage providers by their current products, eligibility, costs and conditions with specialist advice.
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Selling Home to Pay for Care – What You Should Know
Selling your home to cover care home costs is not always necessary, as the UK offers several means of support like the Deferred Payment Agreement. Read on for more insights...
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Shared Ownership Equity Release – Overview & More
Shared-ownership schemes differ from joint ownership. Equity-release availability depends on the provider; some arrangements may require staircasing to 100% at completion and clearing existing secured debt.
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Guide on How to Delete Your Very Account: Closing Steps
You can delete your Very account via the Very website, or through your email. Let me walk you through the process...
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Equity release reviews: how to assess customer experiences
Customer reviews can highlight service experiences, but do not establish suitability or total cost. Compare lifetime mortgages and home reversion carefully.
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Equity Release with an Existing Mortgage? Complete Guide
Equity release may be available with an existing mortgage if required secured debts can be cleared at completion, often using the released funds. Eligibility, remaining cash, costs and risks depend on the plan.
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Equity Release to Help Children – Complete Guide
Yes, equity release can be a powerful tool to financially assist your children, whether to facilitate home ownership, support their education, or even start a business. Read on and let's delve into the details.
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Equity release and an IVA: current rules and older equity clauses
Home-equity requirements depend on the IVA’s agreed terms. The 2025 protocol differs from older arrangements; ask your insolvency practitioner before borrowing or selling.
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Firstclear Ltd on Your Bank Statement: Check and Identify the Payment
Check a Firstclear bank-statement entry, distinguish it from EUI or Admiral, and report an unfamiliar or incorrect payment through your bank.
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Equity Release on Jointly Owned Property? Complete Guide
You can release equity on a jointly owned property. But, both owners must agree to do so. Let me walk you through the process...
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Equity Release with Repayment Option – What You Should Know
Yes, it is indeed possible to get equity release with a repayment option, allowing you to control the growth of the loan over time. Read on for an in-depth guide on this often overlooked aspect of equity release.
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Equity release companies: how to compare providers
This guide explains how to compare equity-release providers and the terms to check. It is not a current ranking or a live product comparison. We know that the world of equity release can feel a bit confusing. It's a big decision to make, but don't worry; we're here to help. The right choice depends on […]
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Equity release under 55: eligibility and alternatives
Most standard lifetime mortgages start at 55, but some payment-term products start at 50 and require interest payments. Compare eligibility, affordability, costs and alternatives.
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How Much Does Equity Release Cost? Complete Analysis
The cost of equity release is a complex composition of the plan's fees, arrangement costs, and additional hidden charges, which can often be overlooked. Continue reading to uncover the full spectrum of equity release costs and make a more informed decision.
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Equity Release Solicitors Fees – How Much Will It Cost Me?
Solicitor fees depend on the firm and work required. Obtain an itemised quote covering VAT, disbursements and any extra charges before proceeding.
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Disadvantages of Equity Release – What You Should Know
Equity release can reduce your estate, affect means-tested benefits and incur substantial interest or exit costs. Charges and repayment options depend on the plan.
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Release Equity to Buy Second Property – Is It a Good Idea?
It is possible to release equity to buy a second property. But, whether it's a good idea or not will depend on a number of factors, including, but not limited to, your age, budget, and the type of equity release scheme you plan to use. Let me walk you through your options...
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Equity Release Rules – What You Need To Know
Most standard lifetime mortgages start at age 55, but some payment-term lifetime mortgages are available from 50 and require interest payments for an agreed period. Home-reversion minimum ages and all other eligibility rules depend on the provider. Check the youngest applicant’s age and the actual product criteria. Eligibility depends on the product, age, property, credit circumstances and any required affordability assessment. Minimum property values and borrowing limits are lender-specific. An existing mortgage normally has to be cleared at completion, often using some of the released funds.
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Short Term Equity Release – Should You Do It?
Equity release is designed for long-term needs. If you expect to repay soon, compare alternatives and early-repayment charges; enhanced medical underwriting does not make it a short-term loan.
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