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Old age has conventionally been associated with helpless faces and extended arms seeking desperately for some kind of an outlet. With the dynamic market scenario in view the problem of lack of finance does not loom that large. The scary effect has also lost its position. The benign market has now come up with various very helpful offers to relieve the retired of their financial worries. The option that has become more and more popular with each passing day is that of the equity release. The equity release companies have come across as a true timely help. The equity release information required to know the ins and outs of this option is also very retirement friendly. In fact it has been designed keeping the retired in mind.

The equity release companies have proved to be the very solution that the retired individual in concern had been seeking as far as the financial problem is concerned. They provide the retired individual in concern the perfect outlet from the financial dead end. The equity release companies are entitled with the responsible task of scrutinizing the plea of the individual in concern from all the required aspects. Only and if only they find the requirements satisfactory will they consider and then sanction the plea of the retired individual in concern.

The information regarding the option of equity release is available from the equity release information. All the information regarding the option of equity release can be broadly classified into the following categories:

The Merits of Equity Release
The Requirements of Equity Release
The Types of Equity Release
The Demerits of Equity Release

The equity release companies act according to the respective requirements and also allow the offer as per the type of equity release selected by the individual in concern.

The first category of equity release information is the merits of this option. The advantages are as mentioned below:

The option of equity release allows the individual in concern to live an easy post retirement life by providing him or her with an additional source of income.
It allows the individual in concern to reside in the same home that the individual in concern had been living in, and in lieu of which he or she is receiving the income.
It allows the flexibility of taking the amount as per the choice of the individual that is either as a lump sum amount or as monthly installments.
It enables the heirs of the individual in concern to be entitled to a lesser payment as far as the inheritance tax is concerned.

The equity release companies ask for the following requirements:

The individual in concern must be of an age of 55 years or more.
The individual in concern should have no outstanding liability in the market.
The property in concern, in lieu of which the income will be received, should be in good shape and condition.

The third category of the equity release information consists of the following types:

Interest-only Mortgages.
Home Reversion Schemes.
Lifetime Mortgages.
Shared Appreciation Mortgages.

The equity release companies though highly beneficial as far as the services are concerned are not completely perfect. The demerits of this option are:

It incurs heavy expenses for the individual in concern, if he or she withdraws the deal mid way.
It also acts like a restriction for the individual in concern, in case he or she contemplates more income delivering options like that of the stocks.

However since the positive aspects of the equity release companies predominantly prevail, therefore it goes without a saying that it is both a viable and a profitable option for the retired people.