Scott Nelson - Debt Expert
Posts by Scott Nelson:
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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Can you Remortgage a Buy to Let to Release Equity? Guide
A buy-to-let remortgage may release cash by increasing secured borrowing. The amount depends on property value, existing debt, rental coverage and lender criteria; compare fees, total costs and risks.
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What is Drawdown Equity Release? Overview, FAQs & Tips
Drawdown equity release refers to when the homeowner receives their home equity in installments, rather than in one large lump sum. But, to take out a drawdown equity release plan, you need to meet strict eligibility criteria. Let me walk you through the details...
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Equity release examples: lifetime mortgages and home reversion
Equity release can involve a lifetime mortgage or the sale of a home share through home reversion. These illustrations explain the different costs and ownership consequences.
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Mis-Sold Equity Release Schemes – What you Should Know
There are a few tell-tale signs that indicate you are being mis-sold an equity release scheme. For example, if a creditor doesn't fully explain interest charges or discuss inheritance tax implications, you should avoid working with them. Let me explain...
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Equity Release Calculator – Work Out How Much
An equity release calculator is a helpful online tool designed to provide a projection of the costs associated with a lifetime mortgage over a specified period. Read on to explore its functionality and discover whether you should consider using one.
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Pros and Cons of Equity Release – Complete Analysis
Equity release offers a path for senior homeowners to access a tax-free lump sum or drawdown facility, although its benefits and drawbacks must be carefully considered. Dive in to discover more...
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Can You Get Equity Release on a Flat? – All You Need to Know
Equity release may be available on some flats, subject to the lender’s property and title requirements. Freehold, leasehold, lease length and building arrangements can affect acceptance.
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Equity release after death: repayment and estate responsibilities
A lifetime mortgage usually becomes repayable after the last borrower dies or moves permanently into care. Interest normally continues until repayment. Executors should confirm deadlines and the plan’s safeguards with the lender.
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