Nowadays, the pension schemes for retirees is no less than a nightmare. Most of the schemes come with extreme high interest rates that add up to nothing but losses. Therefore, one should always think of something better and unique that might not only gift you stability, but help you in executing your future plans. Equity release counts as one of the best solutions for retirees. Its a loan scheme where you can withdraw cash against the value of your property. For this, you simply need to fetch a provider who will draw an agreement concerning your property. This scheme is absolutely safe and devoid any risk factor. With the help of equity release, you extract a certain amount of cash from the value of your property you have accumulated in all these years. So you have the advantage of being both a homeowner and the earner.

There are a good number of equity release plans. For instance, the lifetime mortgages and home reversion plans are nowadays among the beneficial ones. These financial schemes lets you to withdraw a big amount of cash. This further helps you to fulfill your future plans like buying a car, planning a long term vacation or even making domestic improvements. So its undoubtedly one of your biggest financial backups unlike a mere pension plan.

For availing an equity release, the applicant should be minimum sixty or above. Moreover, there are certain factors that should be kept in mind prior to opting such a financial scheme. If you are the homeowner, you should not possess any outstanding mortgage. Moreover, the property that you are owning should be in good condition. When people don't find any means to rely upon, they depend on the stock markets for making good money. However, its a well-known fact that stock markets can be destructive at any point of time. So why follow such unsecured routes? Simply opt for equity release and start making plans for a comfy retired life.

Equity release Lifetime loans are among the preferred equity schemes. Having treated as home loans, lifetime mortgages permits you up to withdraw fifty percent of the value of your own property. Therefore, equity release is unquestionably beneficial in comparison to the other retirement schemes.

With the help of Home reversion schemes, you can always sell your property or often a certain part of it to a reversion company. So you get a big amount of cash here as your monthly income. On your death, your house gets sold and the reversion company gives you the payout. Suppose, you sell 40% of your property to the reversion company, they will pay you 40% of its proceeds. To know more on home reversion plans and various other schemes, contact the equity release companies.

Its always advisable that you opt for reputable equity release plans. For instance, Home Income Plans are one of the best ones where you can withdraw a mortgage against your home. This helps you to utilize the money for purchasing an annuity. Once you buy an annuity, you are guaranteed for your entire lifetime. There are ample equity release companies that might help in providing you with the top schemes.