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Home > Business and Economics Books > Business and Management > Equity Release
Equity Release

Equity Release


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About the Book

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Equity release is a means of retaining use of your house or other object which has capital value, while also obtaining a lump sum or a steady stream of income, using the value of the house. The "catch" is that the income-provider must be repaid at a later stage, usually when you die. Thus equity release is particularly useful for elderly persons who do not intend or are not able to leave a large estate for their heirs when they die. The reverse mortgage is a form of equity release available in the United States, for those aged 62 or more. The UK equity release market is basically made up of two types of equity release plan. The most popular plan is a lifetime mortgage - where the homeowner retains ownership of the property but the property is charged with the repayment of a loan or mortgage, which accrues rolled up interest over the period of the homeowner's lifetime. To help customers decide whether equity release is right for them, a number of companies provide a free equity release calculator to show a rough estimate of the amount of equity that could be released.


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Product Details
  • ISBN-13: 9786137235713
  • Publisher: Lect Publishing
  • Publisher Imprint: Lect Publishing
  • Height: 229 mm
  • Weight: 145 gr
  • ISBN-10: 6137235718
  • Publisher Date: 02 Oct 2011
  • Binding: Paperback
  • Spine Width: 6 mm
  • Width: 152 mm


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