Alternatives

For some people, equity-release schemes could be the only viable way to fund comfortable retirements or necessary expenses.

11th February, 2006

For some people, equity-release schemes could be the only viable way to fund comfortable retirements or necessary expenses. However, before signing up to one of these schemes, ensure that you have explored all the alternatives:

Your children could become co-owners of your property, getting a standard mortgage in their own names, which they then use to pay for your retirement or long-term care. A relative may agree to purchase the house at market price, rather...

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