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equity release what happens on death
- What if I took out the equity release a long time ago, and interest rates have changed significantly?
- Can my family access the funds after my death?
- What type of coverage is typically required?
- Can they get a mortgage to buy the property from the estate?
- What are the implications for my estate if the compensation is less than the outstanding loan amount?
- What if the equity release plan includes a right for the provider to purchase the property at a pre-agreed price upon my death?
- Are there any specific regulations for equity release plans used for property purchase?
- How does the death of the trustor affect the equity release plan?
- How is the final repayment amount calculated for a lifetime mortgage after my death?
- What types of equity release plans are there, and do they have different implications upon death?
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