Types Of Equity Release Scheme
Money : Mortgages There are two main types of equity release scheme that are in operation in the UK. These fall under the following general brackets: 1) lifetime mortgages: these are regulated by the FSA (financial services authority) 2) home reversion plans: these are not regulated at present by the government or government bodies Home reversion is the less popular of the two methods that people use to release some of the value that is 'locked up' or stored away in their home, however that said home reversion has always had a fair number of subscribers and advocates in addition. The articles on home reversion schemes and lifetime mortgages explain in more detail about what each of these schemes entail and the differences between them.
Questions about equity release:
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