Shared Appreciation Mortgages

Shared appreciation mortgages are a type of retirement equity release in which you borrow a lump sum based on the value of your home. There are no interest rates charged to the recipient and the money is only gotten back from the sale of the house after the demise of the recipient. equity release rates are calculated based on the value of the property and a further additional amount is paid to the lender from the calculated appreciated value of the house. This equity release plan was very popular in the past but is now not readily available.