The life post-retirement is one life that almost everybody envies because that life is absolutely stress-free. It is a life where you don’t have to deal with the office challenges; you don’t have to meet deadlines or targets, a life where you don’t have to worry about your child’s academics or their future and most importantly a life without having to worry about making both ends meet. You have reached that phase of your life where you are happy seeing your children lead a happy and successful life and all that you do is play with your grand children. But life is not that good a fairytale also! One reason that almost gives sleepless nights to people post-retirement is that there is no steady flow of income.
The one stop solution for people having this problem post-retirement is equity release. If there are a few people who are still not aware about this then let us first know what is equity release.
- Equity release is a kind of scheme that people can apply for post-retirement and only after they have reached the age of 55.
- Equity release is a way of drawing a certain amount of money based on your property.
- But it is important to remember that you can apply for equity release provided you leave no heir for the property.
- The good news is that even after giving your property on equity release you still enjoy the ownership rights of your home.
Now that you have a clear idea as to what equity release actually is it is important for people to know that various schemes are available to suit your preference and needs.
Life post retirement has indeed become a pleasant one. It is important for people to have a fair idea about the various kinds of equity release schemes, the benefits of these schemes and most importantly the return from these schemes. To help calculate the rough figure of the returns from the schemes the equity release calculator gives the much needed help to people. All thanks to the virtual world today online equity release calculator is readily available for the people to calculate the kind of return they might get from the various equity release schemes. The online equity release calculator is one of the most recent offerings for the people all for the common cause of the benefit of the people.