Retirement is not only a release from the long professional life but also the time when the sudden uncertainties of life releases a set of worries for the retired individual as well. The sudden decline of the constant source of income comes as quite a jolt for the aged individuals seeking respite from life in their twilight days. Though the retired are entitled to their share of pension post retirement yet compared to the sky rocketing prices the pension amount turns out not only to be meager but also insufficient. Under such hard conditions there is yet another form of release that delivers the aged retiree from the tangle of tensions: the equity mortgage release. This finance vehicle has been designed by the market in order to cater to the financial requirements of the retired individuals. This option allows both convenience and flexibility to the retirees. Convenience in terms of fund and flexibility in the form of remortgage equity release.

Both the equity mortgage release and the remortgage equity release are more or less similar in their terms and conditions pertaining to pre-requisites for eligibility. In fact the latter adds to the flexibility of eth former. This fund option allows the retired individual to enjoy an added source of constant income in lieu of the property owned by the retired individual. The amount received by the retired individual is directly proportional and dependent on the condition of the property owned by the same. The better the condition of the property greater is the amount. In fact if the condition of the property is not up to the mark then the plea of the respective individual can get rejected as well. The other requirements include that the individual be of 55 years in the least and he or she bear a clean credit record.

The equity mortgage release allows the following benefits to the respective retired individuals:

• It allows the retired individual to draw a constant source of income in order to balance the gulf between the amount required and the amount received.
• It allows the retired individual to live a life of convenience and dignity enabling him or her to fulfill his or her requirements independently.
• The retired individual is also allowed the liberty to reside in his or her own house, in lieu of which he or she is receiving the money.
• It enables the retired individual to reduce the burden of inheritance tax for the respective heirs.

The only problem that may arise is due to the innumerable choices available for the equity mortgage release. This more often than not leads to the confounding of the retired individual to such an extent that he or she ends up making the wrong choice.

The market has however come up with a solution for this dilemma as well. It now offers a fresh opportunity in the form of the remortgage equity release to the individual to reinvest the same property at a better and more suitable rate of return. The amount due to the previous company is returned by the new one in which the retiree has invested. The remortgage equity release allows the retired individual to break free of a decision that he or she considers to be a blunder, instead of bearing the yolk of it for the rest of his or her life.

Therefore the remortgage equity release and equity mortgage release prove to be really beneficial as far as the fund problems of the retired individuals are concerned. They allow the retired individual o breathe freely and depart peacefully.