Equity Release on Death

Published / Last Updated on 04/07/2019

Advice on Equity Release on a Death

What happens if you die and have equity release?

  • Usually, the equity release lender would expect you or your family to sell your property.
  • Unless, the equity release was done in joint names and somebody else is still living there.
  • If a lifetime mortgage, the debt to the equity release company will be settled first, the balance then paid to the estate.
  • If a home reversion scheme, the property sale proceeds will be distributed based upon the % shared owned of the property.

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