It is a sad fact of life that many people leave it far too late to sort out their finances before they reach retirement age and it happens all too often that people suddenly think of this in their forties when it is much harder to build up a decent nest egg. Some are at least property rich in that they own their home so possible options like the Stonehaven equity release is a possibility. For…
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Interest Only Lifetime Mortgages
Using Home Equity Release Schemes to Build a Better Life
Equity release schemes are a reliable way for homeowners, mostly those over the age of 55, to capitalize on the investment they have made in their home or property. Through release of equity, homeowners are given a cash sum, income, or a combination of cash and income while being afforded the opportunity to stay living in their home. Through these options, the homeowner still owns the home w…