Equity Release & Later Life
Can I Avoid Care Home Fees? The 7-Year Rule Myth
There is no seven-year rule for care fees, and councils can look back with no time limit at all. Here is what actually counts as deprivation of assets.
Topic
Equity Release & Later Life
Releasing equity, lifetime mortgages and planning your finances in later life.
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Equity Release & Later Life
Equity Release Calculator Without Giving Your Details
Almost every equity release calculator is a lead form with a number attached. Here is how to work out the figure yourself before anyone phones you.
Equity Release & Later Life
Can I Do My Own Estate Planning?
Some estate planning you can genuinely do yourself — a will, a pension nomination, using your allowances. Here's what's DIY and what needs advice.
Equity Release & Later Life
Can I Do Probate Myself?
You can apply for probate yourself without a solicitor, and many people do. Here's what it involves, the £526 fee, and when an estate is too complicated to handle alone.
Equity Release & Later Life
Home Reversion or Lifetime Mortgage: Which Is Better?
The two types of equity release compared. How a home reversion plan and a lifetime mortgage differ on ownership, interest, age and cost, and which suits different circumstances.
Equity Release & Later Life
Is Equity Release Tax Free?
Is equity release tax free? The cash you release is free of tax, but here are the nuances around interest roll-up, means-tested benefits and inheritance tax.
Equity Release & Later Life
4 Little Known Truths About Equity Release
Discover 4 little known truths about equity release for homeowners aged 55+. Access funds without owing more than your home's value. Leave inheritance, not just for retirees. Move house with flexibility.
Equity Release & Later Life
Alternatives to Equity Release You Haven't Considered
Discover alternative options to equity release for supplementing retirement income, including downsizing, renting out a room, and increasing your pension. Learn more now.
Equity Release & Later Life
Can Executors Live in Estate Properties Rent-Free?
Discover if executors can live in estate properties rent-free. Understand legal considerations, restrictions, and alternatives for effective estate administration.
Equity Release & Later Life
Can I Get Equity Release If I Have No Mortgage?
We discuss the options for equity release if you do not already have a mortgage.
Equity Release & Later Life
Can i get equity release on my park home?
Find out if you can get equity release on your park home in the UK. Learn about financing options and specialised lenders for park homes. Read more now
Money & Finance
Can I Give My House To My Children?
Are you thinking about inheritance tax wondering, can I give my house to my children? It's a complex process. Here is what you need to consider:
Equity Release & Later Life
Can I use equity release to pay off my mortgage?
Yes, you can use equity release to clear your mortgage from age 55, with no monthly repayments; it's repaid when you sell or pass away. See if you can raise enough.
Equity Release & Later Life
can i sell my house if i have equity release?
Equity release can be repaid if you are selling your house. You can repay the loan in full, or take it with you to your new home. Your Equity release lender will need to be made aware of your intentions and approve any move.
Equity Release & Later Life
Can you get equity release on a leasehold property?
Yes, equity release is possible on a leasehold property, though lenders check lease length, ground rent and service charges. See what affects your eligibility.
Equity Release & Later Life
Equity Release Shared Ownership | Equity Release
Learn about equity release on shared ownership properties. Find out the conditions for eligibility, how to release equity, and how much you can release
Money & Finance
Can You Write Your Own Will? Yes, here's how.
Yes, you can write your own will in the UK. You must be 18, sign it in front of two witnesses, and neither can inherit. Here's how, and the marriage trap that voids wills.
Equity Release & Later Life
Do You Pay Stamp Duty on Equity Release?
No, you don't pay stamp duty on equity release because you're not buying property. We cover when stamp duty can still apply if you use the funds to buy a new home.
Equity Release & Later Life
Does Equity Release Affect Credit Score?
Equity release doesn't directly affect your credit score, as it isn't a loan you repay monthly. A credit check is needed, but a poor score rarely disqualifies you.
Equity Release & Later Life
Equity Release Companies to Avoid: The Warning Signs
Safeguard your retirement finances by learning about equity release companies to avoid. Discover key factors to consider and find a trustworthy adviser.
Equity Release & Later Life
Equity Release Council
Learn about the Equity Release Council and how their rules protect consumers seeking equity release advice in the UK.
Equity Release & Later Life
Can you get equity release as tenants in common?
Are you tenants in common looking for equity release, read our helpful guide on how to arrange to release your homes locked value.
Equity Release & Later Life
Equity release under 55: Your options
Equity release under 55 is not an option if you are looking to raise some cash. This insight has your next best alternatives.
Money & Finance
What Is Gift Inter Vivos Insurance? Cover Explained
How can Gift Inter Vivos Insurance be used to help with the Inheritance tax costs involved with Gifting?
Money & Finance
Gift Inter Vivos
Gifts made within 7 years of death can trigger a 40% inheritance tax bill. Gift inter vivos is life cover that pays that liability, falling with taper relief.
Equity Release & Later Life
Home Reversion Calculator
Learn about using a home reversion calculator and how to estimate equity release. But beware of drawbacks and consider a lifetime mortgage as an alternative. Speak to an equity release adviser for professional advice.
Equity Release & Later Life
What is a Home reversion plan and how do they work?
Learn how a Home Reversion Plan works. Get a lump sum or fixed income for life by selling a percentage of your property. Find out if it's right for you.
Equity Release & Later Life
How Much Equity Release Can You Get?
How much equity you can release depends on your age, property value and plan type. This UK guide explains the typical ranges and what affects your amount.
Money & Finance
The Inheritance Tax 7-Year Rule Explained
Give money away and live 7 years, and it's usually free of inheritance tax. Here's how the 7-year rule works, the taper relief that cuts the bill, and the traps to avoid.
Equity Release & Later Life
Is Equity Release Safe? What You Should Know
Equity release is FCA-regulated, and reputable plans carry a no negative equity guarantee so you can't owe more than your home's value. Here are the key safeguards.
Equity Release & Later Life
What is a Lifetime Mortgage?
Learn how a Lifetime mortgage works. Get a lump sum or fixed income for life by securing a loan against your property.
Equity Release & Later Life
No Negative Equity Guarantee
Protect your estate with a No Negative Equity Guarantee. Learn how this safeguard ensures you'll never owe more than your property's value
Equity Release & Later Life
The Pros and Cons of Equity Release: Weighing it up
Equity release frees tax-free cash from age 55 with a no negative equity guarantee, but it cuts inheritance and rolls up interest. Here are the pros and cons.
Equity Release & Later Life
Is Equity Release a Good Idea In Retirement?
With more people looking at alternatives to pensions, is releasing equity for retirement a viable option? How can equity release be used for retirement? Is Equity Release a Good Idea In Retirement?
Equity Release & Later Life
The costs of Care
We explain what you need to know about the cost of care and how you could potentially offset some of the costs with a financial care plan.
Equity Release & Later Life
equity release and inheritance tax
The act of releasing equity won't trigger a tax requirement, but you may fall foul to the inheritance tax-man depending on how you do, or don't use the money.
Money & Finance
Where to store a Will
There's no legal rule on where to store a will — just keep it safe and make sure your executor knows where it is. Avoid bank deposit boxes and register your will.