How to Benefit From Equity Release Schemes

Equity is the word used for the value of your home after the mortgage or any charges have been paid. If you want to stay in your home but need some money to make life more comfortable, then you may like to investigate an equity release scheme.There are two schemes available. One is a lifetime mortgage and the other option is home reversion. Both these schemes are complicated and it is therefore always advisable to seek professional advice to see if either is suitable for you.You need to meet certain criteria to participate in these schemes, in the case of equity release, you need to be a

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