What is a reverse mortgage?
If you have paid off most or all of your mortgage, being a homeowner affords you more choices when it comes to funding your retirement. An ageing population contending with rising retirement costs is driving growth in the market for equity release schemes. One such scheme, that allows you to release equity from your home while you're still living in it, is a reverse mortgage, also called a lifetime mortgage.? To find out more about reverse mortgages, click here to read an excellent blog post from The Guild of Property Professionals.
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