In simple words, equity release is a method for enabling you to get to cash in view of the estimation of your home. As you make arrangements for your future and that of your family, value discharge gives the opportunity to you to pass on a tax-exempt inheritance to your friends and family, offer kids help getting on the lodging stepping stool, or essentially the opportunity to appreciate a higher expectation for everyday comforts in your retirement. We investigate the procedure required to enable you to choose whether it is the correct decision for you. Go to brightretirement.co.uk/ to get the best option for your equity release needs.
For your information, there are two types of equity release plans available. They are lifetime mortgage and the home reversion plan. With the lifetime mortgage, you receive a tax-free lump sum as the loan secured on the home’s value. While the reversion plan allows you to sell the home for the tax-free lump sump on the regular payments.