Equity release scheme of UK

Old aged people of UK has only a limited source of income.They have only pension to meet there personal expenses .Equity release plan has give the opportunity for them to get the financial assistance on this age and for this they don’t need to pay it again .The lender has no right to vacate the property before the death of the owner [old aged citizen.

Here the children lost the right on their parent property ,and they can get the right if they paid all the dues to the lender.Again the income depend on the condition of the property if the property well maintained than the owner get the higher return for there property.

Equity release scheme is good option for the old aged people to whom there is no source of income .