With many different plans available from leading lenders, you may be wondering how to find the best equity release plan for your individual circumstances.
There are two main types of equity release plans: a lifetime mortgage and a home reversion plan.
Some aspects of equity release plans can be tailored to your specific individual circumstances, so it’s good to think about what you want your plan to look like.
For some, this may be the lowest interest rate available, while for others, it could be more important to find a plan that has certain features and flexibilities.
A home reversion plan involves selling all or part of your home, which you can continue living in until you die or move into long-term care.
