Why be a part of the London Equity Release?

Why be a part of the London Equity Release?

If a person is more than 55 years old and has no mortgage in his or her main residence he or she can invest on the equity release scheme. Equity release scheme varies from depending on the qualifying home owners. Home owners can tap into the equity of the property without selling or moving out of the property. This equity release is only for London and Boroughs.

Why London Equity Release?

  • Standard Lifetime Mortgage-Homeowners get their money and can spend it without thinking of paying the money before their death. No stress of making repayments before death.
  • Enhanced Lifetime Mortgages-For this the age of the qualifier should be higher because the money received is much higher than in Standard Lifetime Mortgage.
  • Drawdown Lifetime Mortgages-The payment made in one time and tax-free. Not the full home is under mortgage but a part of it is. After the death of the home owners the part of the home which is not under mortgage is released for heritance. The money received by the home owners is least compared to the other two

The staff of London Equity Release deals with all the options that could be made available for the homeowners and the best suited will be made available to the home owners. This is the best way of making use of the biggest asset for some extra sum of money and not having to sell the house or move houses. To know more about the London Equity Release go to http://www.londonqequityrelease.net/– . Know what kind of schemes are you looking for and the London Equity Release staffs are always there to help. London Equity Release team are ready to give more information in their website link mentioned above. Its time Londoners should think about remortgage equity release scheme.