Some facts on equity release

First you need to know what actually equity is. The value of outstanding mortgage which is subtracted from the value of your home becomes your equity. This value when made into cash is considered as the equity release program. One actually then is just free to use this cash according to his or her necessities.


Then comes the tax part towards this kind of cash received by you. Since you own the equity, it is pretty sure that you are exempted from paying any taxes whatsoever. On top of that there will be no repayments to be made. The hottest form of this kind of equity release is lifetime mortgage – where actually you are assured of owning your home all through.


To be eligible for this you need to attain the age of 55 first. The most remarkable benefit of releasing your equity is the tax benefit as discussed earlier. Moreover, this may actually lead you through a fantastic retirement.