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Enjoy some extra cash in your life with the help of equity release schemes.

Residential home Equity release is a well-known process to enjoy extra cash from your property. Equity release schemes basically help you unlock the value that is tied up in your home and turn that equity into real cash. Such schemes have been around for a long time in the UK and thousands of people have benefited from equity release and the schemes are becoming more popular with the tough economic times. The limited availability of residential land buy to let mortgages is forcing people to look at equity release schemes as a way of funding their lifestyle.

The money released from equity release schemes can be used for any personal reason. There are no set requirements or restrictions as to where the money could go. Some people release equity to improve their homes where as others might want to use the money from equity release schemes to give to their family.

It must be noted that equity release schemes are not available to everyone. To qualify, you need to be aged 55 years or over. Additionally, your house has to have very little or zero mortgage outstanding. Failing to meet any of these two criteria will instantly disqualify you from getting an equity release scheme.

If you’re thinking of releasing equity from your property that the best advice that can be given is that you seek the advice of a professional equity release broker who has been working in the industry for a good period of time. You can also try asking your family and friends who may also have released equity to make recommendations to you. The key here is that you choose your equity release plans with great care and with thorough research.

So if you’d like to make the most of the money that is tied up in your home as equity then give a specialist equity release broker a call to explore your options.

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