One of the common myths surrounding equity release schemes is that you no longer own your home when applied. However, in reality, you will not only remain the legal owner, but you will also generally enjoy the freedoms – and responsibilities – associated with home ownership.
Understanding why and how a ‘housing market crash’ has come about — and is predicted to continue — takes more than just studying the data. 55Plus Business Development Director, Adrian Johnson, has five decades of experience as a chartered surveyor and shares his perspective on the present fears around falling property valuations.
Although equity release has soared in popularity in recent times, many people still have misconceptions about how it works. The number of products on the market has more than tripled over the years, and there are a variety of flexible features to sort through, so your options have never been more varied. This increased choice can also make for increased complexity and is one reason why equity release is still an industry in which myths abound.
With over 7 million people currently waiting for NHS treatment, many homeowners over 55 can struggle to have their medical needs met, which can impact their quality of life. Find out how one of our clients used equity release to self-fund hip replacement surgery at a time and pace that suited them.
Home care can be preferable in later life, as it provides independence, comfort and a better quality of life for some. However, the cost-of-living crisis has placed financial pressure on homeowners over 55 when it comes to funding increasing costs. Here’s why equity release may be a solution.
