Having covered equity release in as much detail as I could over the last few weeks, I’ll now detail the options available for those of you considering releasing equity.
There are two types of equity release (although I could argue that selling and downsizing is another). A lifetime mortgage and a home reversion plan are the two equity release schemes.
Lifetime mortgages are the most popular for many reasons, particularly because of some of the downsides of the home reversion scheme.
