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Equity Release Schemes

09th May 2011
By Henry James in Business Law
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The wide world of Equity Release can be confusing. Going down the wrong path when choosing Equity Release Schemes could cost you considerably in the long run so before you go down the route of Equity Release you must ensure you are aware of the Equity Release Schemes available and all the pros and cons surrounding them. Equity Release Schemes can be complex and choosing the most beneficial of the many Equity Release Schemes on the market can be the difference between making a good decision, or a great one!

One of the Equity Release Schemes which many people choose is the lifetime mortgage which will allow you to release a major sum from your property. This has made it one of the most popular Equity Release Schemes on the market and of all the Equity Release Schemes this is certainly the one people are more aware of but there are others.

The drawdown lifetime mortgage is one of the Equity Release Schemes that is a little more flexible and has the benefit over other Equity Release Schemes as it allows cash to released over a period of time, so you resist the temptation to spend it all at once. This has made it one of the Equity Release Schemes popular amongst the last of the big spenders!

Another avenue in this complex world of Equity Release Schemes is the home aversion plan which involve giving over all or part of the property whilst remaining as rent free tenants. As with all Equity Release Schemes this involves a lump sum of money being paid.

Whatever you needs and requirements when it comes to choosing from the range of Equity Release Schemes you will need to consult the free advice available from firms who specialise in Equity Release Schemes. It is vital the right decision is made when it comes to Equity Release Schemes as you could end up losing a lifetime of hard earned cash just for the fact that you did nit research or seek advice on Equity Release Schemes. Shop around, ask advice and take a long, hard decision before agreeing to any of the Equity Release Schemes on the market as it could have a huge impact on your personal finance.

Equity release could affect your current or future entitlement to means-tested benefits

Releasing equity to spend in your lifetime can reduce the amount that is left in your estate when you pass away

The Age Partnership can help you when it comes to equity release schemes.
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