Glossary

Free Guide to Equity Release

The Compare Equity Release free guide to equity release provides comprehensive information on all types of lifetime mortgage & home reversion plans. This equity release guide provides a excellent starting point for your research.

 

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A

Annuity

An annuity provides you with an income in exchange for a cash lump sum. The income is determined by your age, health & sex at commencement.

 

Annual Percentage Rate (APR)

It is a tool used to compare the overall cost of a product. The formula used combines the interest rate, length of loan, fees being charged & any other compulsory insurance.

 

Arrangement FeeA

charge levied by the lender on completion of the plan

 

 

C

Compound InterestA

system whereby interest is charged on the loan amount, as well as on previously accrued interest.

 

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These are lifetime mortgage & home reversion plans. To understand the risk & features of these plans, request a personalised Key Facts Illustration.

CompareEquityRelease.com helps you to compare and arrange equity release schemes from the whole of the equity release market:

Aviva | Bridgewater | Hodge Lifetime | Just Retirement | LV= | more2life | One Family | Retirement Advantage | Pure Retirement L&G Crown