Any for whom retirement is just around the corner will be familiar with the anxiety that accompanies this important lifestyle change. The end of working life is a milestone moment, and one which could usher in a long period of financial discomfort.

For many people, a pension fund will not be sufficient to support the lifestyle enjoyed as a working person. If you have found yourself faced with precisely this problem, you might be considering taking on an equity release mortgage.

This kind of financial scheme is available to people over the age of retirement who own the property on which they live. This house becomes the security for a loan which can be paid out either as a lump sum of money or in monthly installments, to mimic an income. (more...)

Equity release has actually come back on the mortgage platform for all types of buyers. Whether you want to live in a former stately home in Hertford or you are passionate about living in a cottage in Essex, you should know all the details of equity release.

Equity release advice should be sought after if you come under any of the following categories as a buyer because it opens up plenty of avenues for you and your future:

Thinking about retirement: Equity release is important for people who are thinking in their future about how retirement will affect them. Consider equity releases as a tool to protect you against any changes that could happen in your future. As a buyer, you need to focus on equity releaseif you are thinking about retirement because it mean that you are padding out your future. (more...)