As individuals approach the retirement age, one big question always comes to mind…how will they live and manage without an income? A number of schemes to ensure retirees and others facing a similar situation don’t just simply starve off all neglected.
Pension schemes are among the most popular modes of guaranteeing a comfortable life after retiring; however, there are other ways to keep yourself out of the cold. In the UK, there is also an option called equity release schemes. They include either lifetime mortgages or home reversion plans. Lifetime mortgages used to be quite popular back in the day but as a result of falling equity release rates, they lost some of the market share. Recent changes and stricter regulations however have seen it slowly come back into the limelight as an equity release scheme of choice.
In this case however, we want to focus on home reversion schemes. What they are and what they are all about and how they can be beneficial should you opt for them. Read More...
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Council Sites for Elderly, 67 Queen Street, Wolverhampton, West Midlands, WV1 3BY.
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