Equity release is a type of mortgage that is only available to people aged over 55. ... » MORE: Mortgage advice explained. Image source: Getty Images. About the Authors. John Fitzsimons.

There are two types of equity release product: lifetime mortgages and home reversion plans, and they work in different ways. Lifetime mortgage : this is the most common way of releasing equity. You ...

ERMAPC (Equity Release Mortgage Advice & Practice Certificate) – awarded by the Chartered Institute of Bankers in Scotland. The ERMAPC was discontinued a few years ago but may still be held by some ...

Equity release allows homeowners aged 55 and over to unlock a portion of the value tied up in their property. This can be achieved through two main types of schemes: Lifetime Mortgage: This is the ...

Global equity release — including reverse mortgages — could be in for pronounced growth over the next 10 years, according to ...

A reader wants to treat themselves and their loved one while they still are around, but as cheaply as possible ...

Learn more about the mortgage options for over 60s. If you are over 60 and interested in one of the mortgage options on offer, you can contact Responsible Equity Release on 0333 060 8723.

Learn what lifetime mortgage and equity release interest rates are in 2023 and how they will affect your loan. ... your options explained. 16 Apr 2025, 11:34am. Sponsored. Lifetime mortgage ...

Question: My granddaughter was married in 2024, and she, along with her new husband now live with me in my home. They are both 27, and would like to buy this house when I’m gone. The house has ...

Bowmore found that, for the year ending October 31, the value of sales fell from £5.2bn in 2021/22 to £2.7bn in 2022/23. It added that the value of equity release mortgages is now the lowest it ...

The equity release market has grown significantly over the past six years, with the number of products available up six-times on what they were. Back in August 2016, 88 options sat on lenders ...