Equity Release – The Ultimate Solution for a Nagging Problem

A nest of our own provides us with canopy of safety and peace of mind. Though a building is the costliest investment for the ordinary persons still it is the safest resort and heaven of peace for them. It can also be the best source of income in their retirement phase. By dint of an equity release scheme, it is possible to extinguish the nagging financial problem in the post retirement period.

We need to be prudent enough while chalking the financial plans in our service life. A wise planning ensures smooth sailing in our retired life and even the slimmest of error may push us to the corner. But sometimes in spite of making wise decisions, we suffer from stagnancy in cash flow in our twilight days. Such financial penury can be attributed to the skyrocketing prices of the essential commodities. Expenses increase but without any additional flow of income, the living index continues to plunge. The most right solution to cure this persisting problem is to purchase an equity release scheme.

The real estate business has finally come out of the recession stage and is reflecting a promising scenario. Property prices are increasing at a rapid pace. So, the retired homeowners are rich in assets. By buying an equity release policy, they awake the sleeping equities, take them out and finally convert them into the most liquid asset.

Most of the equity release policies require the applicants to be at least fifty-years old while the others raise the minimum age bar by five years. The owned property must be in the finest fettle in order to fetch a goodly sum for the homeowners. Payment of the loan can be postponed till the death of a person and after that the lenders bag a part of the proceeds gained from the forced property sale. If it is possible, the retired citizens should pay the loan off so the loan balance gets reduced to nil or paltry figure. No equity release lender enjoys the right to instruct the homeowners to move out of their properties. But the retirees can surely shift to the other locations if they intend to.