Latest News

Equity Release Taxation – is there Any Liability to VAT or Taxes?

By Marc Greggs - 6th November 2013

For many people considering equity release, taxation is one of the last considerations they think of. The cash lump sum received through an equity release scheme is classified as a withdrawal of the capital from your home rather than an income; it is not subject to income tax. However, there are still a number of financial implications involved in this type of arrangement. Taxation While there is no liability for income tax on the lump sum received from equity release,...

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Be Wary of Expensive Advisor Fees

By Marc Greggs - 6th November 2013

When considering an equity release scheme, it is important to gather all the essential information in order to make an informed final decision. However, many people fail to consider the advisor fees when securing the best equity release deals. In fact, since many brokers allow the charge for their advice to be levied and added to the loan itself, many people give it little thought. However, since any added fees will attract interest that will be compounded this results in...

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What Are the Constituent Parts of Lifetime Mortgage Charges?

By Marc Greggs - 6th November 2013

Lifetime mortgages tend to be based on a fixed interest rate. While there are variable options offered by some providers, they can offer a lesser degree of certainty. Lifetime mortgages differ from conventional mortgages as the interest is charged differently. Conventional mortgages have interest charged for an amount which is decreasing over time. Since you are not making repayments on a lifetime mortgage, the interest is charged on an increasing amount. However, there is the assurance from the Equity Release...

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How Much Does Equity Release Advice Cost?

By Marc Greggs - 6th November 2013

Equity release is a common form of finance which allows home owners to release the equity held in their homes as a lump sum or regular income without the inconvenience and cost of moving home. It is more common in home owners who have paid off most or all of their existing mortgage. This type of finance is similar to a conventional mortgage in a number of ways and will incur similar charges such as valuation fees, solicitor costs and...

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Can All Brokers Offer an Equity Release Advisory Service?

By Marc Greggs - 6th November 2013

Equity release finance is a range of products which offer home owners the opportunity to release the equity tied in their property without needing to move home. Unlike a conventional mortgage, these types of financial products have no specific fixed term and allow for the home owner to remain in the property for the remainder of their lifetime. However, this is a very specific type of financial product, which due to its nature has a number of regulations in place...

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Get Professional Equity Release Advice Before Committing Your Home

By Marc Greggs - 21st October 2013

Equity release is a lifetime commitment that can bring with it benefits with good advice. However, with poor or no advice at all one can make grave, expensive mistakes which has been a common practice in the past. However, the industry today is streamlined and has professional brokers and financial advisors who offer credible equity release advice thus ensuring that you make the right equity release decision each time. Ideally equity release brokers and advisors in the market today will...

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