The Basics
Equity release schemes are one of the best ways that elderly people can release money to live a comfortable life. With the help of these schemes, they can release some amount of capital from their property. This cash can then be used as a supplement to their retirement income.
Through equity release schemes, elderly people can get a lump sum amount of cash or a steady income or a combination of both. As income tax is not charged on the equity release amount, homeowners will get the full sum agreed. They can use the money to […]