Equity Release

Home owners generally believe that their homes are dead assets. Some home owners, especially the senior citizens, feel that they are rich enough to own a valuable home, but too poor to have enough funds for their day-to-day expenses. Equity release schemes are now come very handy for such people to generate an income for [...]

Equity release is a means of generating income from an object, which has a capital value, owned by a person. For example, if you own a house you can obtain a steady income from it and still keep the ownership of the house. But at a later stage or after your death the money you [...]