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Equity Release Loans: Getting Help from the Experts
Since equity release is now becoming an important part of retirement planning it is important for you to understand it well through the help of the experts. Expert Equity Release is ready and willing to help you in planning your retirement. The people behind Expert Equity Release are qualified agents who will give you honest and impartial equity release advice. Assisting you in making the most out of your finances in retirement is their main concern. These people are knowledgeable in their fields and has already acquired years of experience in dealing with equity release loans. They will guide you in every step of the way. They will make sure that everything you need to know about equity release is explained to you clearly and that all the pros and cons are presented to you as well. They are honest enough to tell you if equity release is not right for you or which scheme fits you best. You can visit them at www.expertequityrelease.co.uk. 
If you are 55 years of age or above and you own your main residence, then you are qualified to apply for an equity release loan. What is then an equity release loan? When we talk of equity it means the value of your property less the balance of unpaid loans secured on it. The equity released or unlocked is tax-free since it is already yours and can be used in any way you want. Therefore, equity release loans are means of getting or releasing money out of your property through its equity. You can get the money through lump sum, as regular income, or it can be a mixture of both options. If you avail of the equity release plan you still have the right to remain in your home. You can stay there as long as you want or need to. More importantly, monthly repayments are not required. The repayment of the loan commences upon the planholder’s death or when the planholder decides to permanently leave his home.
The amount of equity that you can release from your property will depend upon the following factors: how old you are; how much your property is worth; and what type of equity release scheme you are planning to avail. There are three different types of equity release. These are: Lifetime Mortgages, Drawdown Plans, and Home Reversion Plans. Expert Equity Release will explain each scheme to you as clearly as possible. They will lay down all the advantages and disadvantages of each scheme. They will make sure that you will be guided in making the right decision and choose the right scheme for you.