Equity Release definition

Equity Release. Is a means by which elderly persons can raise money against the
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Equity Release is a means by which elderly persons can raise money against the value of their home where the difference between any outstanding mortgage/loan and its current market value is significant, also applicable where there is no outstanding mortgage/loan. The method of repayment can vary but generally the value of the loan, with or without interest, is repaid upon sale of the property.
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Equity Release means a loan that allows the home owner to access equity in his or her home without having to sell it for purposes of improving it;
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Examples of Equity Release in a sentence

  • For Refinances and Equity Release, the LVR is based on the valuation amount only.

  • The modern form of the market began when the Equity Release Council (ERC) representing providers was established in 1991 with a voluntary code of conduct that offered a number of guarantees.

  • Any Claim or loss arising directly or indirectly from, consequent upon, or in any way relating to any Equity Release Products advised upon and or sold where the Assured cannot satisfactorily demonstrate that they followed the SHIP Standards / Equity Release Council Rules.

  • No-Negative Equity Guarantees (NNEGs) are a standard feature of UK Equity Release Mortgage (ERM) loans.

  • If Equity Release, please state the intended purpose of the funds.

  • Financial Protection for the Elderly - Contracts Based on Equity Release and Critical Health InsuranceSubmitted 20/07/20, 1st revision 21/08/20, 2nd revision 15/10/20, accepted, 01/11/20 Beata Zmyślona1, Agnieszka Marciniuk2Abstract: Purpose: The purpose of the article is to present a new marriage contract combining the advantages of the reverse annuity contract and the critical health insurance contract.

  • Equity Release We offer a comprehensive range of equity release products from across the market.

  • DomaCom will have limits on the percentage of equity that can initially be released on entry into an Equity Release Deed based on a Property Owner’s life expectancy.

  • Under an Equity Release Deed the Property Owner may nominate the Staggered Settlement option, whereby the Equity Release Administrator arranges for the Custodian to hold on trust any part of the Pay Out Amount that has not yet been paid to the Property Owner.

  • Under an Equity Release Deed, there are limited circumstances when the Equity Release Deed will be terminated, and the Property sold (enabling an investor to receive their capital including any potential capital gain).


More Definitions of Equity Release

Equity Release means a loan facility to assist property owners to obtain cash from value of their residential property;
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Related to Equity Release

  • Current Release means that version of the Product installed on the Equipment at the Commencement Date and any modifications to it or if a new Release is available, that new Release installed on the Equipment and any modifications to it;

  • Company Released Parties means the Company and any of its past or present employees, agents, insurers, attorneys, administrators, officials, directors, shareholders, divisions, parents, members, subsidiaries, affiliates, predecessors, successors, employee benefit plans, and the sponsors, fiduciaries, or administrators of the Company’s employee benefit plans.

  • Pre-Release Transaction shall have the meaning set forth in Section 5.10.

  • Release Agreement A Release Agreement as defined in Section 3.05 of the Servicing Agreement.

  • Releasing Party has the meaning set forth in Section 7.9.

  • Closing Press Release has the meaning set forth in Section 5.4(b).

  • Post Closing Letter is that certain Post Closing Letter dated as of the Effective Date by and between Collateral Agent and Borrower.

  • Released PAGA Claims means the claims being released as described in Paragraph 5.3 below.

  • General Release has the meaning stated in Section 6.03.

  • Threatened Release means a substantial likelihood of a Release which requires action to prevent or mitigate damage to the soil, surface waters, groundwaters, land, stream sediments, surface or subsurface strata, ambient air or any other environmental medium comprising or surrounding any Property which may result from such Release.

  • Alternative Acquisition Agreement has the meaning set forth in Section 5.3(d).

  • Collateral Release Date has the meaning given that term in Section 8.10.(b).

  • Release means any release, spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal, discharge, dispersal, dumping, leaching or migration of any Hazardous Material into the indoor or outdoor environment (including the abandonment or disposal of any barrels, containers or other closed receptacles containing any Hazardous Material), including the movement of any Hazardous Material through the air, soil, surface water or groundwater.

  • Escrow Release Conditions has the meaning ascribed to that term in the Subscription Receipt Agreement;

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit A (as the same may be revised from time to time by the Company upon the advice of counsel).

  • Third-Party Release means the release given by each of the Releasing Parties to the Released Parties as set forth in Article VIII.E of the Plan.

  • Pre-Release shall have the meaning set forth in Section 2.09.

  • Conditional release means a revocable modification of a

  • Threat of Release means a substantial likelihood of a Release that requires action to prevent or mitigate damage to the Environment that may result from such Release.

  • Seller Released Parties has the meaning set forth in Section 6.7(b).

  • Investment Letter shall have the meaning specified in subsection 9.07(a).

  • Release Instruments is defined in Section 11.12(f).

  • Release Amount has the meaning set forth in Section 4.3(f).

  • Releasing Parties means Plaintiffs and all Settlement Class Members, and each of their respective executors, representatives, heirs, predecessors, assigns, beneficiaries, successors, bankruptcy trustees, guardians, joint tenants, tenants in common, tenants by entireties, agents, attorneys, and all those who claim through them or on their behalf.

  • Waiver and Release means the Waiver and Release attached hereto as Exhibit A.

  • Settlement Agreement means this agreement, including the recitals and schedules.