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.

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.

  • 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 means an agreement, substantially in a form approved by the Company, pursuant to which Executive releases all current or future claims, known or unknown, arising on or before the date of the release against the Company, its subsidiaries and its officers.

  • 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 6.2 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 shall have the meaning set forth in Section 6.5(c).

  • Collateral Release Date shall have the meaning provided in Section 10.15(d).

  • 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 set forth in the Escrow Agreement.

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit B (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.

  • Released Claim means the matters that are subject to release and discharge pursuant to ARTICLE 10 hereof;

  • 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 ascribed to such term in Section 5.6(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.