Equity release for dentists is a great option for those who dentists who are facing some financial problems after their retirement. By taking an Equity Release For Dentists’ scheme, you no longer need to worry because the equity release can provide you a steady income on age when you simply need to enjoy life carefree. These days, many dentists are releasing equity of their homes to help fund their retirement. If you want to take an equity release for dentists’ scheme, you must be at least 55 years of age and own a house you can release the equity. It’s a great way to release some monetary value of your home and use this amount as a source of income without leaving your home. If you are considering equity release for dentists, make sure you know that you have following two options.
Home Reversion Plans
By taking a home reversion plan, you can a regular earning, cash lump sum and even both. This method will offer you a lifetime lease that guarantee you can live in your home for your lifetime. Thus, as you grow older, you can release more cash and make the most of the increased value of your home. Home reversion plans are more beneficial than lifetime mortgage and if you sell your home, it will not get any inheritance and you will be no longer completing owing your home.
Lifetime Mortgages
A lifetime mortgage can save you from the hassle of monthly payments while your home is fully insured. This option is very beneficial because the increased value of your home still benefit you. You choose from the fixed rate plan and additional borrowing. However, you must consider that early repayment penalties may apply, the tax position may be affected and the amount raised is often less than home reversion plans.
If you are unsure about specifics or have questions about equity release for dentists or would like a free, same day quotation - then please call Medics FS at +44 (0) 1403 780 770 or fill out the simple enquiry form given on its website http://www.medicsfs.com/financial-services/equity-release/
Home Reversion Plans
By taking a home reversion plan, you can a regular earning, cash lump sum and even both. This method will offer you a lifetime lease that guarantee you can live in your home for your lifetime. Thus, as you grow older, you can release more cash and make the most of the increased value of your home. Home reversion plans are more beneficial than lifetime mortgage and if you sell your home, it will not get any inheritance and you will be no longer completing owing your home.
Lifetime Mortgages
A lifetime mortgage can save you from the hassle of monthly payments while your home is fully insured. This option is very beneficial because the increased value of your home still benefit you. You choose from the fixed rate plan and additional borrowing. However, you must consider that early repayment penalties may apply, the tax position may be affected and the amount raised is often less than home reversion plans.
If you are unsure about specifics or have questions about equity release for dentists or would like a free, same day quotation - then please call Medics FS at +44 (0) 1403 780 770 or fill out the simple enquiry form given on its website http://www.medicsfs.com/financial-services/equity-release/
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