This is the ‘catch all’ title for many types of product that can be used for;

• ‘Cash Out’. Where you require capital released from your property
• Income generation using the capital in your property
• Inheritance Tax mitigation

There are basically 4 generic product types than achieve one or all of the
above requirements, and these are summarised as;

• Mortgage. A ordinary, plain mortgage!
• ‘Lifetime’ Mortgage. Interest is capitalised (rolled up and added to the initial mortgage)
      so there is no monthly payment to make.
• ‘Reversion’. Where you ‘sell’ the house for a percentage of the value (age dependent)
      BUT retain a lifetime tenancy i.e. the right to stay in the property
• ‘Equity Release’. These are specific schemes geared for a) ‘cash out’, b) to eliminate
      mortgage payment obligations and c) to mitigate against IHT. These are a Mortgage/Investment
      combination.