Loans – Lifeline or life sentence? How equity-release lifetime loans work
They may have been absent from the marketplace for a while, however lifetime loans – a type of fairness launch – are again, providing older owners the chance of releasing a part of the value of their houses with out having to repay the loan till they die or promote the property.
Having stopped lending in 2012 within the wake of the final monetary disaster, Seniors Cash is ramping up a return to the market. It’s the solely participant at current and is hoping, it says, to profit from important “pent up” demand.