Money Saving Expert Equity Release (Jan 2022)
Money Saving Expert Lifetime Mortgage Review
Are You Considering Money Saving Expert or Martin Lewis to Learn About Equity Release? Are You Looking to Discover the Pros, Cons & Costs of Equity Release? Discover If Lifetime Mortgage Schemes are for You.
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Money Saving Expert Equity Release Review
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release provider with all the choices available.
Or is it?
Choosing the best equity release brand can be challenging! If you want to join the over 10,000 UK citizens who’ve unlocked equity this year, you’ll want to listen to this advice.
With so many brilliant options on the market, you could end up selecting the wrong equity release lender, only to regret it later.
Don’t worry; we’ve got your back. We’re here to share detailed information about the best equity release brands on the market, to help you make a sound decision.
On this page, we’ll be covering:
We’ve spent endless hours gathering the latest brand information with multiple expert consultations and a detailed review of over 350 brands in the industry.
Let’s take a look!
What Is Equity Release?
Equity release is an umbrella term for a later-life mortgage that allows you to unlock equity from your property while remaining in your home. While there are plans with an optional loan or interest repayments, both are only due when you pass away or move to a long-term care facility. The amount is usually covered from the sale of the home.
How Does Equity Release Work
If you (and your spouse) are 55 or older, you might qualify for an equity release loan. The age of the youngest homeowner will be considered. Furthermore, some schemes require you to be 60 or 65.
You might qualify for equity release if you own a home in the UK that is valued at £70,000 or more.
Discover More: What’s Equity Release & How Does It Work?
Equity Release Types
There are two equity release options available to you.
- Lifetime mortgage: is a mortgage secured on your property (provided it’s your main residence), while retaining ownership.
- Home reversion: is where you sell part or all of your home to a home reversion provider in return for a lump sum or regular payments. You have the right to continue living in the property until you die, but you have to agree to maintain and insure it.
The Most Popular Equity Release Uses
- Gaining access to tax-free cash to supplement retirement income.
- Paying off a mortgage, debts, or loans.
- Giving money to family members and children who might need an income boost.
- Taking a dream trip.
- Buying the car of one’s dreams.
- Renovating one’s home or garden, which also should increase the property value.
We’ve got the scoop: 10 Equity Release Uses to Inspire You
What You MUST Know About the Providers We Compare
- They’ve helped more than 1 million people decide whom to turn to when releasing equity from their homes.
- They’ve been responsible for organising 1 in 3 plans that the Equity Release Council
Are You READY to Find Out?
Are You Looking for the Money Saving Expert Equity Release Calculator?
Before you consider using the Money Saving Expert equity release calculator, we want you to know that we'll probably be able to find you a better rate and that means a great saving!
How Much Can You Release?
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Why Should I Get a Free Equity Release Quote?
What You MUST Know About the Providers We Compare
Who Are Money Saving Expert?
Martin Lewis started MoneySavingExpert.com, a website that focuses on equity release,1 credit cards, shopping, special deals, mortgages, council tax, interest rate payments, freebies, and other topics.
MoneySavingExpert was founded in February 2003 for £100 by Martin Lewis, its founder and executive chairman. The site’s ethical position and consumer vengeance strategy have earned it the title of official number one money site in the United Kingdom. It has received several accolades and has become a go-to resource for both consumers and officials.
They deal with issues like:
- Weekly MSE Money Tips email – Every week, MSE’s Money Tips newsletter is sent to almost 7.5 million people.
- Super-detailed MoneySaving guides –Balance Transfers, Financial Product Guides, and Budget Flight Fee-Fighting are just a few of the topics covered on the main site. The guides provide super-detailed product analysis rather than just suggesting “browse around.”
- Nifty free MoneySaving tools – From the Income Tax Calculator to the MSE Budget Planner, the site is jam-packed with useful tools to help you find bargains, examine your finances, and earn money.
- MoneySaving Forum – One of the largest social networks in the UK is MSE Forum. It has over 1.8 million users, and thousands of them are discussing strategies to save money, as well as encouraging and inspiring one another, at any one time.
MoneySavingExpert also has a small campaigns team that works with Martin to communicate with charities and politicians on behalf of consumers. They advocate for topics such as financial literacy, payday loans, and claims management regulation, as well as ensuring that the consumer’s voice is heard in the halls of power.
Who Is Martin Lewis?
Martin Steven Lewis OBE is an English financial journalist and broadcaster. He founded the website MoneySavingExpert.com.
Born: 9 May 1972, Withington, Manchester, United Kingdom
Spouse: Lara Lewington (m. 2009)
Education: London School of Economics and Political Science, Cardiff University, The King’s School
Common Questions About Money Saving Expert & Lifetime Mortgages
Not What You’re Looking For?
Take a look at our comprehensive list of equity release companies available on the market to see if there’s something better suited to your needs.
Editorial Note: This content has been independently collected by the EveryInvestor advisor team and is offered on a non-advised basis. EveryInvestor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.
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