equity release
noun[U]
finance & economicsUKspecializedus/ˌek.wɪ.ti rɪˈliːs/uk/ˌek.wə.t̬i rɪˈliːs/(USreverse mortgage)afinancialarrangementthatallowsapersonwhoownsahousetoobtainmoneybasedon thevalueoftheirhouse, whilecontinuingtolivein it:
Under thescheme,equityreleaseisavailableto anyone over 60.
Isequityreleasereally thebestway torealizethebenefitofpropertypricerises?
- Theriseinpropertyvaluesanddeclineinpensionprovisionmeansthatdemandforequityreleaseisgrowing.
- Equityreleaseis amajorfinancialdecisionthat should not beundertakenwithoutadvice.
- Theorganizationhaslaunchedanequityreleaseservice.
- There are twotypesofequityreleasescheme.
Mortgages & real estate
- blockbusting
- brick
- bricks and mortaridiom
- BTL
- buy-to-let
- chain
- equity
- first-time buyer
- householder
- letting
- planning blight
- real estate broker
- realty
- realty office
- refinance
- remortgage
- repo
- repossession
- reverse mortgage
- show home