Еquity release – the best way to improve your position in retirement

Agency in UK property noticed the trend: more and more requests come from homeowners who want to move to housing of a smaller size. Especially a lot of queries among those people who stop working and retire by age.

However, representatives of the companies at this point, that putting such a goal, homeowners have little idea what benefit they get if I move to a house or a smaller apartment, if they generally can can find such.

A General shortage of apartments and houses in England for sale led to the fact that finding suitable accommodation is very difficult. For older, less mobile people, the problem is exacerbated by the fact that they need additional facilities. In the end, the task is to find a smaller property to save on utility costs, taxes and save additional funds for retirement, it becomes unrealizable.

In connection with the current situation, the agents received a recommendation to clarify the kind of customers about the existence of other schemes to reap the benefits of their property. One of the most common schemes – the conclusion of financial agreements called “equity relеase”. Is the sale of shares of its assets in cash or in installments with the preservation of the right of residence in it. In the UK it is a well-adjusted scheme that includes different options. There is a calculator which you can use to calculate what kind of deal would be the most beneficial a particular landlord.

® Helen Entree. 10.08.2017 G.

Brexit: How does the London real estate market

Brexit: the naked triumph of the ignorant or the collapse of democracy?

In the UK, reduced Stamp duty

Why buyers from Russia should not fear sanctions

More than 325 % over two years has earned our clients

Entrepreneur visa. Tier 1(Entrepreneur)

Price indices for UK property

Land and types of ownership of property UK

The process of buying real estate

What “Stamp duty”