Before using a home reversion calculator, it is best to understand the product it is going to give you values for. You should be aware that there are two types of equity release schemes on the market. This is in the sense of categories in which there are different forms of the product. You have the option of choosing between a lifetime mortgage and home reversion. They are definitely different in how old you need to be, plus how they work. If you use a lifetime mortgage calculator, the results shown are not going to be the same as with […]
Equity release schemes are one of the best ways that elderly people can release money to live a comfortable life. With the help of these schemes, they can release some amount of capital from their property. This cash can then be used as a supplement to their retirement income.
Through equity release schemes, elderly people can get a lump sum amount of cash or a steady income or a combination of both. As income tax is not charged on the equity release amount, homeowners will get the full sum agreed. They can use the money to […]
Money is a very important part of everyone’s life. People try to earn as much as they can in their heyday. This is because they know that once the working age fleets away, they have to settle with the fixed income nature of retirement pensions that they then receive. When they are earning they try to earn enough so that they can live well after they retire. But that does not always help. To top this, the cost of living keeps rising & pensions never seem enough when coping in the world of finance & grandchildren!
What can […]