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A financial tool that enables home owners to access the value or equity in their home when they are not eligible for a traditional mortgage and do not wish to move. Equity release schemes are often used by older homeowners to access fund to supplement pension income or to fund capital expenditure such as home improvements or modifications. There are two main types of equity release schemes: a home reversion plan and a lifetime mortgage.
A summary or list of relevant title deeds proving the ownership history of a property,…
A document used to confirm that a lender agrees that their already-registered charge (mortgage) will be ranked…
