{"id":48950,"date":"2013-02-07T00:37:11","date_gmt":"2013-02-06T17:37:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/equity-release-schemes-how-they-work\/"},"modified":"2017-03-21T12:43:29","modified_gmt":"2017-03-21T05:43:29","slug":"equity-release-schemes-how-they-work","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/equity-release-schemes-how-they-work\/","title":{"rendered":"Equity release schemes: how they work"},"content":{"rendered":"


\nEquity release schemes enable older homeowners to tap into the value of their property without the need to sell up and move out. There are two main types of scheme \u2013 lifetime mortgages and reversion schemes \u2013 and deciding which to go for is just one of the decisions you will need to make if you decide to go down this path.Taking advice, both financial and legal, is key. Extracting money from your home could impact upon many aspects of your finances, from your eligibility to means-tested benefits to the value of your estate when you die. You need to make sure you understand and plan for any negative financial implications of equity release. Continue reading…
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\nSource : theguardian.com
\nRead more…Equity release schemes: how they work<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Equity release schemes enable older homeowners to tap into the value of their property without...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-48950","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-cJw","jetpack-related-posts":[{"id":11064,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-equity-release-a-sensible-way-to-provide-for-your-old-age\/","url_meta":{"origin":48950,"position":0},"title":"Is equity release a sensible way to provide for your old age?","date":"August 1, 2015","format":false,"excerpt":"\r Taking out a \u2018lifetime mortgage\u2019 on your home might seem like a good idea, but there is a downsideUsing your home as a cash machine to help fund your retirement is becoming an increasingly mainstream option. It emerged this week that schemes which allow older people to unlock some\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67718,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/so-is-equity-release-really-that-bad\/","url_meta":{"origin":48950,"position":1},"title":"So is equity release really that bad?","date":"June 4, 2006","format":false,"excerpt":"\r Maybe not, says Jon Robins, but it pays to think carefully before unlocking the money in your homeAt a time of overstretched pensions and low interest rates, it is hardly surprising that many older homeowners are planning to cash in some of the equity in their homes to make\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66564,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-55s-take-out-8m-a-day-from-their-homes\/","url_meta":{"origin":48950,"position":2},"title":"Over-55s take out \u00a38m a day from their homes","date":"September 16, 2017","format":false,"excerpt":"\r With the equity release market booming, here\u2019s a guide to unlocking the value in propertyEquity release is booming, with older people withdrawing almost \u00a38m a day from their homes, it emerged this week. And there are more schemes than ever available to over-55s looking to unlock the value tied\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71264,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/paradise-papers-reveal-schemes-used-to-avoid-tax-on-uk-property-deals\/","url_meta":{"origin":48950,"position":3},"title":"Paradise Papers reveal schemes used to avoid tax on UK property deals","date":"November 8, 2017","format":false,"excerpt":"\r Leaked advice shows how private equity firm was able to buy and sell without paying stamp duty or capital gains taxThe lengths to which companies will go to avoid paying substantial amounts of UK tax are laid bare in the Paradise Papers, which reveal in detail for the first\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118572,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mps-want-government-to-review-means-testing-criteria-for-financial-aid\/","url_meta":{"origin":48950,"position":4},"title":"MPs want government to review means-testing criteria for financial aid","date":"September 10, 2020","format":false,"excerpt":"\r Christopher de Souza (Holland-Bukit Timah GRC) said eligibility for SIRS should be based on homeownership and not on the type and value of residence. Three MPs on Monday (31 August) have urged the government to review the criteria of support schemes for Singaporeans who may not qualify for financial\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":162094,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sweat-equity-homebuyers-turn-builders-for-10k-off-their-mortgage\/","url_meta":{"origin":48950,"position":5},"title":"\u2018Sweat equity\u2019: homebuyers turn builders for \u00a310k off their mortgage","date":"October 4, 2025","format":false,"excerpt":"\r In exchange for 500 hours of work, the schemes can provide more than just a route to home ownershipA scheme that enables people to get thousands of pounds off their mortgage in exchange for mucking in to build their home could provide a route to ownership for those struggling\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/48950"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=48950"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/48950\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=48950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=48950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=48950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}