2nd-Mortgage

Equity release allows you to release the tied-up equity in your house, that is, the balance on your property that is the actual monetary worth of your assets minus liabilities. Apart from the requirement that you need to be a legal homeowner in the UK, age is the primary eligibility criterion for equity release mortgage scheme. You can avail to this mortgage to supplement a part of your retirement income. Research shows that more people intend to avail to this scheme as much as to unlock the potential of their homes. In all instances, age is the primary factor in determining the ...