Finding the best equity release mortgage to fit your circumstances as a home owner is a task that can seem quite daunting. After all you are releasing equity from your home which is your primary asset. It is the reason you are considering this form of finance. You want to know how to go about getting an equity release mortgage and releasing the money tied up in your property.

There are basically two ways to release equity on your property you either sell it or you mortgage it. For people in the UK over the age of 55, there has been rising interest and demand for equity release products to serve an aging population that wants to live an active lifestyle. Equity release options are one way of achieving this. I wrote a few days ago about Safe Home Income Plans (SHIP), a company who’s main aim is to provide some safeguards for people who take out equity release plans, reports that demand for equity release plans has continued…

Safe Home Income Plans aim to protect against unscrupulous equity release plan operators, read about them, their members and their code of practice, by which all members must abide. If you’re opting for equity release as part of a plan to unlock the equity in your property this is a good read

Northern Rock announced yesterday that it has agreed to sell its portfolio of Lifetime home equity release mortgages to JPMorgan. The move will help pay back some of its loan to the Bank of England. Northern Rock has agreed to keep running the portfolio of equity release mortgage products on behalf of JPMorgan. Equity Release plans are more popular in the UK than they are in the US. They are aimed at people over 55 who want to release some or all of the equity they may have tied up in their homes. The sale of the equity release portfolio…