5 Reasons You Should Invest in an Equity Release Scheme

1. 5 Reasons You Should Invest in an Equity Release Scheme You might work all life, then save up and retire, but still, savings are not always enough to live a comfortable later life. Most people spend their lives working and saving leaving their aspirations aside for later years. However, times change and you realize that no matter what you always need more than you have saved. This is where equity release comes in. It can give you the option to live the life you want till the day you survive. What is Equity Release? Ata later age, most people tend to downsize by selling off their homes and moving into a new smaller home. With equity release, you can use the money tied up in your home without having to sell it off. In simple terms, your equity is the total market value of your home and with equity release, you can release that market value while living in it. This gives you the option to access the money tied up in your home till the day you live. More and more people are turning to Equity Release Haslemere since it is a better option to have an extra income. What makes it so much better is that you don’t necessarily have to withdraw all the market value of your home. You can extract money out of a portion of your home instead. You can get extra benefits with higher age or if you have a health condition. Still confused? Oculus Equity Release brings you 5 benefits of equity release. Benefits of Equity Release 1.Live in Your Own Home The most amazing benefit of equity release is that you get to live in your own home. It gives you the option of lifetime tenancy where you can withdraw money tied up in your home without needing to move into another. 2.Benefit from Property Price Changes Equity release allows you to release money from your home’s market value every time the property prices increase. However, this only works in certain loan criteria. If you have taken a lifetime mortgage then you can benefit from changing property prices by drawing out more money in the future when the market value of your home rises.

2. 3.No Negative Equity With some equity release plans, you can make sure that no negative equity or debt is passed on to your beneficiaries. This way, you will live a quality life and leave no responsibilities to your loved ones in the process. 4.Transfer the Mortgage to Another Home The Equity Release Council ensures that a lifetime mortgage can be transferred to another property which means you can change home in the future. 5.No Monthly Payments Another very important benefit of equity release under the lifetime mortgage criteria is that you do not need to make monthly payments against the cash withdrawn. This means that you will pay nothing for the time you survive but a compound rate of interest will apply that will keep rolling up. When you pass away, the house will be sold off, loan and interest repaid, and the remaining money will be passed on to your estate. If you are over 55 and want to take advantage of equity release schemes too then get in touch with Oculus Equity Release. Call us on 01428 717 055 for information. To know more about us and read about our success stories, visit https://www.oculusequityrelease.com/equity-release-guide/