equity release schemes
Equity release lifetime mortgage schemes are available in various shapes and sizes, but essentially, all provide the facility to release equity that is tied up in your home without the need to meet an ongoing monthly mortgage payment.
That is where the similarity ends however, and understanding the difference between the different schemes available is where most people get confused, often leading to a decision to take out the wrong plan, or think that they have found a viable solution only to find in later years it was not.
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