Equity Release F.A.Q.

Here are a list of frequently asked questions relating to equity release schemes.

1. Will I be able to live in my home for the rest of my life?
2. What costs are involved in setting up an Equity Release Scheme?
3. How much money will I receive?
4. Can you explain the difference between life mortgages and home reversion plans?
5. Will I be able to move house in the future?
6. What if I change my mind?
7. Are Equity Release Schemes regulated?
8. What happens if property prices change?
9. Who pays for repairs to the house?
10. What happens if somebody moves in with me after I take out an equity release scheme?
11. What will happen to my home after I die?
12. Does my home have to be sold within a set time period?
13. What will happen if I need to raise further funds in future?