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Is the Prudential Equity Release Calculator for New Equity Release Schemes Still Available?

By Marc Greggs - 18th November 2014

The Internet is often filled with old information, which makes it difficult for you as a consumer looking for products and information. In particular, you may wish to search for the Prudential equity release calculator that used to be available online. You may even find results and information about new equity release schemes, but the information is not going to be valid. The Change to Prudential Prudential is currently managing and administering their equity release schemes sold years ago. They...

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Where can I find the Best Equity Release Calculator?

By Marc Greggs - 14th August 2014

Best is often considered subjective, because what is best for you is not always best for someone else. When discussing the best equity release calculator, there are two ways to consider what “best” really means. The first is to describe what maximum release means as a means of explaining how it could apply as the best type of calculator. The second is the lowest interest rate. The Products to Explore with a Calculator Before discussion on calculators can happen, you...

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Benefits of Equity Release Schemes

By Marc Greggs - 1st July 2014

Equity means the total value of your asset after you have paid any charges or mortgage on the same. There might be a case when you wish to stay in your house, but require some funds for any reason. In this case, you can research equity release schemes to enable yourself to obtain tax free funds. There are some fixed criteria for initiating these schemes. There is a certain threshold age of 55 at which you can choose to get...

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Where to Turn to When Aviva Closes its Direct Equity Release Operation

By Marc Greggs - 25th April 2014

The first thing is not to panic. If you have identified the Aviva deal that is best for you, the closing down of Aviva’s direct sales team does not mean that you have lost your opportunity. Aviva will still be offering their equity release schemes as a lender. The simple fact is that the costs of running their sales teams have brought them to the realisation that the market has changed. It’s no longer good business to hold onto their...

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Is the Halifax Retirement Mortgage a Good Alternative to Equity Release?

By Marc Greggs - 10th December 2013

For many people approaching their retirement, the concept of equity release can be a welcome edition to boost the available funds in their pension. Equity release schemes have been specially designed for the over fifty fives’ age group and can present a viable option for most retired people. However, there are a number of terms and conditions including the possibility of early repayment charges which make some consider other alternatives, such as the Halifax retirement mortgage. What is the Halifax...

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Why Independent Equity Release Brokers Now Get the Best Aviva Equity Release Deals

By Marc Greggs - 10th December 2013

The equity release market has changed over the last ten years. While in the early days of equity release schemes direct sales were the norm, the realities of the market have now led to a swap in how customers can find the very best deals. Direct sales have been replaced by independents In the past direct equity release teams such Aviva Direct accounted for over 80% of all business. These were the people who worked for the lenders and so...

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Can I Get Equity Release Advice from My Bank?

By Marc Greggs - 10th December 2013

Many people considering equity release look to the high street and are disappointed that they cannot obtain equity release advice from banks. Currently the only form of equity release available from high street banks is to apply for a standard re-mortgage. Of course, this option requires monthly repayments to be made on a capital and interest basis. Additionally, there are restrictions for lending on this type of product depending on your age, employment status and disposable income. Why Can’t I...

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Less is More, When it Comes to a Release of Equity

By Marc Greggs - 10th December 2013

For many people considering equity release, the thought of a large lump sum can be a very large temptation. However, taking the maximum equity release may not be the most sensible financial decision. Although the lump sum is tax free, there are a number of financial implications to receiving a large sum of money which could create issues in your normal daily life. Equity Release Schemes in the Past Before the invention of drawdown mortgages, many older equity release schemes...

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Equity Release Schemes and Divorce: Get the Right Advice!

By Marc Greggs - 5th December 2013

There is an increasing trend of people in their later life in that more couples are deciding to divorce, and equity release may provide a solution to the potential financial issues which are associated with separating. The New Divorce Trend It appears that many people having lived together but enjoyed separate lives for years find retirement a catalyst for making changes in their relationship. Many experts theorise that it is the thought of the increasing amounts of social time which...

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Is the Interest Only Lifetime Mortgage the Best Type of Equity Release Scheme?

By Marc Greggs - 5th December 2013

For many people considering equity release schemes, an interest only lifetime mortgage may seem to be the best type of product. However, it is not automatically the best possible scheme to suit your needs. The best possible deal should be the one which is most appropriate to your circumstances and needs. The Difference Between a Roll up and Interest Only Lifetime Mortgage The primary difference between a roll up and an interest only lifetime mortgage is that the customers are...

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