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House of Lords report suggests Equity Release is the way forward

July 15, 2013 Latest News

House of Lords report suggests Equity Release is the way forward Several months ago an influential House of Lords select committee published a report called ‘Ready for Ageing?’ which urged the government to focus on Equity Release as a means of helping older people to improve the quality of their lives. Specifically, the report said that it was reasonable to expect those who had made windfall gains through the property boom to support their own longer lives by unlocking the wealth tied up in housing. It added: “Equity release could enable more people to use their assets to help pay for... Read More

This is a lifetime mortgage or Home Reversion. It may affect your entitlement to state benefits and will reduce the value of your estate. Mortgages on or equity released from your home will be secured against it. Think carefully before securing other debts to your home. To understand the features and risks, ask for a personalised illustration. The Right Equity Release does not charge any up front fees. A fixed fee is only charged on completion of an Equity Release Plan. Typically, this is 1.5% of the total facility or £1,295 whichever is the greater. The information contained in this website is subject to the UK regulatory regime and is therefore intended for consumers based in the UK.