Homeowners across the UK & World have seen their properties rising since 2003 up to 2007. Many people’s homes are valued twice, three or four times to what they originally bought the house for. For example a homeowner or investor bought a house in the 90’s for £10k but now it’s worth £80k. The remaining £70k on this property is classed as equity purely because of capital appreciation throughout the years. Many decide to either go through a equity release scheme or they decide to sell the property to purchase another property and also have cash left over. Again this cash can be used to repay other loans or debts that a person may have.
The property acts as a form of security when people have equity remaining in the property, you may want to sell and relocate for personal or health reasons. There are many scenarios on why you would want to release equity in your home.
We at Help to Sell House can advise and support you to achieve the best prices with a fast track process to make sure you receive your cash when you require it the most.
You may use equity release schemes to release substantial cash under an agreement with a mortgage lender. This means you would need to make regular payments every month for the duration of the agreement and your home would be at risk of being repossessed if you failed to keep up with the payments.