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 facility to assist property owners to obtain cash from value of their residential property;
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Examples of Equity Release in a sentence

  • The Underlying Assets do not include Self-Certified Mortgage Loans or Equity Release Mortgage Loans.

  • Equity Release Mortgage Loan: a residential mortgage loan where borrowers have monetised their properties for either a lump sum of cash or regular periodic income (e.g. as a retirement plan).

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

  • Reifner et alia, Study on Equity Release Schemes in the EU, Part II Country Reports, cit., p.

  • Data from the Study on Equity Release Schemes, 2007, and responses from providers and regulators, with IFF calculations.

  • 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.

  • The execution of this Agreement shall be complete only upon its execution by the Promoter through its authorized signatory at the Promoter’s Office, or at some other place, which may be mutually agreed between the Promoter and the Allottee, in after the Agreement is duly executed by the Allottee and the Promoter or simultaneously with the execution, the said Agreement shall be registered as per provisions of the relevant State Act at .

  • 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.

  • Disputes between the instructor and student, apart from academic integrity and grade appeals, are brought to the respective Dean for arbitration.

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


More Definitions of Equity Release

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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Related to Equity Release

  • Current Release means the latest version of the Software offered for general commercial distribution at a given point in time, including all New Releases.

  • Released PAGA Claims means the claims being released as described in Paragraph 6.2 below.

  • Release means any spilling, leaking, seepage, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, disposing, depositing, dispersing, emanating or migrating of any Hazardous Material in, into, onto or through the Environment.

  • Escrow Release Conditions has the meaning assigned to such term in the Escrow Agreement.

  • 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.