Get regular income equity release quotes…
If you have decided to release the capital locked up in your home using an equity release scheme, you will get a choice about how you receive the cash, either as a lump sum or as a regular income.
There are two types of regular income equity release scheme –
- Lifetime Mortgage Regular Income Equity Release: You take out a loan against the value of your home, but remain living their. The capital you unlock is received as a regular income from the equity release provider
- Home Reversion Mortgage Regular Income Equity Release: You sell all or part of your home to a home reversion company or individual and receive the cash as a regular income
It is more common to receive the cash as a lump sum, and it can work out more efficient this way, but even then, you can turn this cash lump sum into a regular income by investing it into an annuity or some other investment that can provide a regular income. Some equity release providers will even do this for you.
To find out more about regular income equity release, complete the simple form and an equity release advisor will be in touch to talk you through the options available to you, offering help, advice and no obligation quotes.