Equity release is an option for homeowners who are seeking an additional source of income; however, it is a major commitment which requires much consideration. If you are considering equity release, you may have many equity release questions that you need to have answered. Some of the most common questions that you may have are answered in this article.

The first question and most common question that you may have is whether or not equity release is right for you. The answer to this question differs from person to person and from circumstance to circumstance. Equity release may be ideal for you while it may not be ideal for someone else.

The second most common question that you may be asking yourself is how much money you can borrow. Your age and the value of your property are the two most dominant factors in determining how much you can borrows and if you are allowed to borrow at all. If you are not at least 55 years old and if your property is not worth £70,000, you are not eligible for equity release. (more...)

An annuitant is someone who purchases annuities in order to have a guaranteed income stream for the rest of his life. An annuitant will need assistance in choosing the appropriate annuity. An annuity calculator will be able to provide him with the guidance that he needs to help him to choose the appropriate annuity.

Before using an annuity calculator , there are a few things that you should take into consideration. First of all, a pension annuity will most likely be purchased between the ages of 55 and 75. Your age together with your gender and your state of health are the three main factors that will determine your life expectancy.

When buying annuities, the older you are the better. An annuity provider will provide you with a higher quote because it is quite likely that he will not have to pay you for as many years as someone who is much younger. (more...)

As we age, it is definite that our health will take a toll especially if we experience lifestyle changes such as quitting smoking and cutting down on alcohol. If you are planning for your future and you want to safeguard against any changes in your health, it is time to consider how annuities work.

Enhanced annuity is a scheme where you can successfully apply to essentially ‘convert’ your pension into liquid income that you can use in your life. Here are a few reasons why it is important to consider enhanced annuities:

Gives you peace of mind: As the classic old saying goes, there are only two things certain in life: death and taxes. One thing that you can have more control over though is your health and this is something that many people should not take for granted. Enhanced annuities allow you to access cash, which is vital if you have not secured adequate health insurance to cover the cost of any emergency operations. (more...)