{"id":20886,"date":"2022-05-23T18:09:04","date_gmt":"2022-05-23T17:09:04","guid":{"rendered":"https:\/\/helpandadvice.co.uk\/?p=20886"},"modified":"2023-03-20T10:34:29","modified_gmt":"2023-03-20T10:34:29","slug":"equity-release-when-someone-dies","status":"publish","type":"post","link":"https:\/\/helpandadvice.co.uk\/equity-release-when-someone-dies\/","title":{"rendered":"Equity Release When Someone Dies"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"20886\" class=\"elementor elementor-20886\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f680e4e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f680e4e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5cc7fb5\" data-id=\"5cc7fb5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-33387e91 elementor-widget elementor-widget-image\" data-id=\"33387e91\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 24-04-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-17.webp 1200w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-17-300x113.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-17-1024x384.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-17-768x288.webp 768w\"sizes=\"(max-width: 1200px) 100vw, 1200px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-17.png\" alt=\"Equity release when someone dies\" height=\"450\" width=\"1200\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-17.png 1200w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-17-300x113.png 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-17-1024x384.png 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-17-768x288.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-20897 sp-no-webp\" fetchpriority=\"high\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-63e481a5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"63e481a5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7766cb64\" data-id=\"7766cb64\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1ae5eb53 elementor-widget elementor-widget-text-editor\" data-id=\"1ae5eb53\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 24-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p style=\"text-align: left;\">\u00a0<\/p><h1 style=\"text-align: center;\">Equity Release When Someone Dies<\/h1>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-564a126f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"564a126f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-475bef4\" data-id=\"475bef4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-18199ce3 elementor-widget elementor-widget-text-editor\" data-id=\"18199ce3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Equity Release schemes can be a great way for older borrowers to free up tax free money for their retirement. However, understandably, people often worry about what happens to the plan after they pass away. Two of the main concerns are to do with whether surviving partners can continue to live in the house and how the beneficiaries will go about paying back the loan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This article will go over these concerns along with several other commonly asked questions about their equity release plan when someone dies.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3a196d4c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3a196d4c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-3a61283\" data-id=\"3a61283\" data-element_type=\"column\">\n\t\t\t<div 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class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor-pro - v3.12.2 - 09-04-2023 *\/\n.elementor-widget-table-of-contents .elementor-toc__header-title{color:var(--header-color)}.elementor-widget-table-of-contents.elementor-toc--collapsed .elementor-toc__toggle-button--collapse,.elementor-widget-table-of-contents:not(.elementor-toc--collapsed) .elementor-toc__toggle-button--expand{display:none}.elementor-widget-table-of-contents .elementor-widget-container{min-height:var(--box-min-height);border:var(--box-border-width,1px) solid var(--box-border-color,#9da5ae);border-radius:var(--box-border-radius,3px);background-color:var(--box-background-color);transition:min-height .4s;overflow:hidden}.elementor-toc__header{display:flex;align-items:center;justify-content:space-between;padding:var(--box-padding,20px);background-color:var(--header-background-color);border-bottom:var(--separator-width,1px) solid 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.elementor-toc__list-item{counter-increment:item}ol.elementor-toc__list-wrapper .elementor-toc__list-item-text-wrapper:before{content:counters(item,\".\") \". \"}<\/style>\t\t<div class=\"elementor-toc__header\">\n\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTopics that you will find covered on this page\t\t\t<\/h4>\n\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\"><svg class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\"><svg class=\"e-font-icon-svg e-fas-chevron-up\" 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elementor-top-column elementor-element elementor-element-6e16f022\" data-id=\"6e16f022\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-48758856 elementor-widget elementor-widget-text-editor\" data-id=\"48758856\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<span style=\"color: #000000;\">You can listen to an audio recording of this page below.<\/span>\n<iframe src=\"https:\/\/play.ht\/embed\/?article_url=https:\/\/play.ht\/drafts\/A0rTnOsV6cNAh2LJIKzXvRMuwrr2\/0ev98zaYi&#038;voice=en-GB-LibbyNeural\" scrolling=\"no\" height=\"90px\" width=\"100%\" frameborder=\"0\" allowfullscreen><\/iframe>\n<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7dcce2b9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7dcce2b9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3442c3f\" data-id=\"3442c3f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-49e10abc elementor-widget elementor-widget-text-editor\" data-id=\"49e10abc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>What is equity release?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Equity release is a way for people in retirement to access a lump sum of tax free cash from the money tied up in their property. There are two main types of equity release plan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The first is a <a href=\"https:\/\/helpandadvice.co.uk\/home-reversion-plan\/\">Home Reversion Scheme<\/a>, in which the homeowner sells a share or the entirety of their house to a lender for a cash lump sum and, in return, gets to live in their house rent free until the end of their life.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The second and more common form of equity release plan is a lifetime mortgage. With a <a href=\"https:\/\/helpandadvice.co.uk\/drawdown-lifetime-mortgage\/\">lifetime mortgage<\/a>, homeowners are able to take out a significant loan secured against their property. Instead of needing monthly payments, <a href=\"https:\/\/helpandadvice.co.uk\/how-does-equity-release-work\/\">equity release works<\/a> by only paying back the loan when the borrower has passed away or moved into long term care, at which point the costs are recouped out of the sale of the property.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You will be able to continue living in your house as usual, as long as you pick a plan that is regulated by the <\/span><a href=\"https:\/\/www.fca.org.uk\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Financial Conduct Authority<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5de8768c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5de8768c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-6b62e86d\" data-id=\"6b62e86d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-5a45b1f7\" data-id=\"5a45b1f7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7822e002 elementor-widget elementor-widget-video\" data-id=\"7822e002\" data-element_type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=i5vsqQmrEkE&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 24-04-2024 *\/\n.elementor-widget-video .elementor-widget-container{overflow:hidden;transform:translateZ(0)}.elementor-widget-video .elementor-wrapper{aspect-ratio:var(--video-aspect-ratio)}.elementor-widget-video .elementor-wrapper iframe,.elementor-widget-video .elementor-wrapper video{height:100%;width:100%;display:flex;border:none;background-color:#000}@supports not (aspect-ratio:1\/1){.elementor-widget-video .elementor-wrapper{position:relative;overflow:hidden;height:0;padding-bottom:calc(100% \/ var(--video-aspect-ratio))}.elementor-widget-video .elementor-wrapper iframe,.elementor-widget-video .elementor-wrapper video{position:absolute;top:0;right:0;bottom:0;left:0}}.elementor-widget-video .elementor-open-inline .elementor-custom-embed-image-overlay{position:absolute;top:0;right:0;bottom:0;left:0;background-size:cover;background-position:50%}.elementor-widget-video .elementor-custom-embed-image-overlay{cursor:pointer;text-align:center}.elementor-widget-video .elementor-custom-embed-image-overlay:hover .elementor-custom-embed-play i{opacity:1}.elementor-widget-video .elementor-custom-embed-image-overlay img{display:block;width:100%;aspect-ratio:var(--video-aspect-ratio);-o-object-fit:cover;object-fit:cover;-o-object-position:center center;object-position:center center}@supports not (aspect-ratio:1\/1){.elementor-widget-video .elementor-custom-embed-image-overlay{position:relative;overflow:hidden;height:0;padding-bottom:calc(100% \/ var(--video-aspect-ratio))}.elementor-widget-video .elementor-custom-embed-image-overlay img{position:absolute;top:0;right:0;bottom:0;left:0}}.elementor-widget-video .e-hosted-video .elementor-video{-o-object-fit:cover;object-fit:cover}.e-con-inner>.elementor-widget-video,.e-con>.elementor-widget-video{width:var(--container-widget-width);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-59a66c52\" data-id=\"59a66c52\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-34599a93 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"34599a93\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-49fe87cf\" data-id=\"49fe87cf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5719cecc elementor-widget elementor-widget-text-editor\" data-id=\"5719cecc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>What happens to your equity release plan when you die?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The <a href=\"https:\/\/helpandadvice.co.uk\/is-equity-release-a-good-idea\/\">idea behind an equity release<\/a> plan is that nothing has to be paid back until you die or move into long term care. Exactly what happens will depend on the type of plan that you have gone for.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are on a <a href=\"https:\/\/helpandadvice.co.uk\/lifetime-mortgage-rates\/\">lifetime mortgage<\/a>, the first thing to happen will be that your beneficiaries need to inform your equity release lender. With <a href=\"https:\/\/helpandadvice.co.uk\/lifetime-mortgages-for-pensioners\/\">lifetime mortgages<\/a>, they will usually have twelve months after your death in which to repay the money that you borrowed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Usually, this is done through the sale of the property, however, we will look into the different options later on.\u00a0 If there are any remaining proceeds from the estate after repaying the plan, then this can form part of the inheritance for your beneficiaries. Sometimes the money left over can also go towards funeral costs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For this reason, some people like to make regular interest repayments on their lifetime mortgage so that the interest does not accumulate throughout the term of the plan and the value of the estate is kept largely stable.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-560fbaef elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"560fbaef\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-69eeb93f\" data-id=\"69eeb93f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4453afb9 elementor-widget elementor-widget-text-editor\" data-id=\"4453afb9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-5b9c4a71\" data-id=\"5b9c4a71\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-560746b2 elementor-widget elementor-widget-text-editor\" data-id=\"560746b2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>What if I am using a home reversion scheme?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">If you have used a <a href=\"https:\/\/helpandadvice.co.uk\/home-reversion-calculator\/\">home reversion<\/a> scheme, the situation will be slightly different to lifetime mortgages. In this kind of equity release plan, the homeowner sells some or all of their house to a provider in exchange for a tax free cash sum. They are then able to remain living in the house rent free for the rest of their life.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this case, since the house technically was technically sold at the commencement of the plan, ownership simply reverts to the lender. The lender can only take the share of value that they purchased in the deal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In some cases, people will choose to &#8216;ring fence&#8217; a percentage of the property value to be handed down in their will. In these cases, this percentage will be safe from being taken by the equity release provider.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are a number of different equity release products to choose from so if you are thinking about releasing equity, contact a mortgage advisor to make sure that you are taking out the best equity release scheme for you. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6d5af2e0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6d5af2e0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3bbc6bee\" data-id=\"3bbc6bee\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-24e45708 elementor-widget elementor-widget-text-editor\" data-id=\"24e45708\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>What steps do my beneficiaries need to take when I die?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">What happens when you die depends on whether or not you are the last remaining plan holder. If your partner is named on the plan and survives you, your beneficiaries do not need to act straight away.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are the sole borrower, your beneficiaries will need to contact the equity release provider as soon as possible after you pass away. You will most likely have been given a reference number when you took out the plan, and this should have been kept safe somewhere for use by your beneficiaries on your death.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As soon as is practicable, your beneficiaries should contact the mortgage lender and quote the reference number to let the lender know of your recent passing. This should have the effect of halting the interest and effectively ending the plan. They will also need a copy of the death certificate when they contact the lenders. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5a30c560 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5a30c560\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-50571f6\" data-id=\"50571f6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7cb73a47 elementor-widget elementor-widget-image\" data-id=\"7cb73a47\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-22.webp 1200w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-22-300x75.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-22-1024x256.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-22-768x192.webp 768w\"sizes=\"(max-width: 1200px) 100vw, 1200px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-22.png\" alt=\"how does equity release work when you die\" height=\"300\" width=\"1200\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-22.png 1200w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-22-300x75.png 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-22-1024x256.png 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-22-768x192.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-20892 sp-no-webp\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-569b2691 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"569b2691\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-1454e3\" data-id=\"1454e3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4b2b57e7 elementor-widget elementor-widget-text-editor\" data-id=\"4b2b57e7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>How quickly must the plan be repaid after my death?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Once the last borrower has passed on, the plan will end, and the money borrowed will need to be repaid, either through the property sale or through alternative means.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The total amount needing to be repaid will be the original figure borrowed plus any interest accrued and not been paid for the duration of the plan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since the amount borrowed is usually paid back following the sale of the house, your beneficiaries will usually be given twelve months after the death to repay the money owed. This may vary between different equity release lenders so you should double check the terms of your plan when you take it out.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You should also make sure that you will not be paid any early repayment fees following the death of the last plan holder.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-35a7e68b\" data-id=\"35a7e68b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3da87b48 elementor-widget elementor-widget-text-editor\" data-id=\"3da87b48\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5446a1f9 elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5446a1f9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-57e2502c\" data-id=\"57e2502c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-325d172c elementor-blockquote--skin-quotation elementor-blockquote--align-center elementor-blockquote--button-view-icon-text elementor-blockquote--button-skin-classic elementor-blockquote--button-color-official elementor-widget elementor-widget-blockquote\" data-id=\"325d172c\" data-element_type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor-pro - v3.12.2 - 09-04-2023 *\/\n@charset \"UTF-8\";.entry-content blockquote.elementor-blockquote:not(.alignright):not(.alignleft),.entry-summary blockquote.elementor-blockquote{margin-right:0;margin-left:0}.elementor-widget-blockquote blockquote{margin:0;padding:0;outline:0;font-size:100%;vertical-align:baseline;background:transparent;quotes:none;border:0;font-style:normal;color:#3a3f45}.elementor-widget-blockquote blockquote .e-q-footer:after,.elementor-widget-blockquote blockquote .e-q-footer:before,.elementor-widget-blockquote blockquote:after,.elementor-widget-blockquote blockquote:before,.elementor-widget-blockquote blockquote cite:after,.elementor-widget-blockquote blockquote cite:before{content:none}.elementor-blockquote{transition:.3s}.elementor-blockquote__author,.elementor-blockquote__content{margin-bottom:0;font-style:normal}.elementor-blockquote__author{font-weight:700}.elementor-blockquote .e-q-footer{margin-top:12px;display:flex;justify-content:space-between}.elementor-blockquote__tweet-button{display:flex;transition:.3s;color:#1da1f2;align-self:flex-end;line-height:1;position:relative;width:-moz-max-content;width:max-content}.elementor-blockquote__tweet-button:hover{color:#0967a0}.elementor-blockquote__tweet-button span{font-weight:600}.elementor-blockquote__tweet-button i,.elementor-blockquote__tweet-button span{vertical-align:middle}.elementor-blockquote__tweet-button i+span,.elementor-blockquote__tweet-button svg+span{margin-left:.5em}.elementor-blockquote__tweet-button svg{fill:#1da1f2;height:1em;width:1em}.elementor-blockquote__tweet-label{white-space:pre-wrap}.elementor-blockquote--button-skin-bubble .elementor-blockquote__tweet-button,.elementor-blockquote--button-skin-classic .elementor-blockquote__tweet-button{padding:.7em 1.2em;border-radius:100em;background-color:#1da1f2;color:#fff;font-size:15px}.elementor-blockquote--button-skin-bubble .elementor-blockquote__tweet-button:hover,.elementor-blockquote--button-skin-classic .elementor-blockquote__tweet-button:hover{background-color:#0967a0;color:#fff}.elementor-blockquote--button-skin-bubble .elementor-blockquote__tweet-button:hover:before,.elementor-blockquote--button-skin-classic .elementor-blockquote__tweet-button:hover:before{border-right-color:#0967a0}.elementor-blockquote--button-skin-bubble .elementor-blockquote__tweet-button svg,.elementor-blockquote--button-skin-classic .elementor-blockquote__tweet-button svg{fill:#fff;height:1em;width:1em}.elementor-blockquote--button-skin-bubble.elementor-blockquote--button-view-icon .elementor-blockquote__tweet-button,.elementor-blockquote--button-skin-classic.elementor-blockquote--button-view-icon .elementor-blockquote__tweet-button{padding:0;width:2em;height:2em}.elementor-blockquote--button-skin-bubble.elementor-blockquote--button-view-icon .elementor-blockquote__tweet-button i,.elementor-blockquote--button-skin-classic.elementor-blockquote--button-view-icon .elementor-blockquote__tweet-button i{position:absolute;left:50%;top:50%;transform:translate(-50%,-50%)}.elementor-blockquote--button-skin-bubble .elementor-blockquote__tweet-button:before{content:\"\";border:.5em solid transparent;border-right-color:#1da1f2;position:absolute;left:-.8em;top:50%;transform:translateY(-50%) scaleY(.65);transition:.3s}.elementor-blockquote--button-skin-bubble.elementor-blockquote--align-left .elementor-blockquote__tweet-button:before{right:auto;left:-.8em;border-right-color:#1da1f2;border-left-color:transparent}.elementor-blockquote--button-skin-bubble.elementor-blockquote--align-left .elementor-blockquote__tweet-button:hover:before{border-right-color:#0967a0}.elementor-blockquote--button-skin-bubble.elementor-blockquote--align-right .elementor-blockquote__tweet-button:before{left:auto;right:-.8em;border-right-color:transparent;border-left-color:#1da1f2}.elementor-blockquote--button-skin-bubble.elementor-blockquote--align-right .elementor-blockquote__tweet-button:hover:before{border-left-color:#0967a0}.elementor-blockquote--skin-boxed .elementor-blockquote{background-color:#f9fafa;padding:30px}.elementor-blockquote--skin-border .elementor-blockquote{border-color:#f9fafa;border-left:7px #f9fafa;border-style:solid;padding-left:20px}.elementor-blockquote--skin-quotation .elementor-blockquote:before{content:\"\u201c\";font-size:100px;color:#f9fafa;font-family:Times New Roman,Times,serif;font-weight:900;line-height:1;display:block;height:.6em}.elementor-blockquote--skin-quotation .elementor-blockquote__content{margin-top:15px}.elementor-blockquote--align-left .elementor-blockquote__content{text-align:left}.elementor-blockquote--align-left .elementor-blockquote .e-q-footer{flex-direction:row}.elementor-blockquote--align-right .elementor-blockquote__content{text-align:right}.elementor-blockquote--align-right .elementor-blockquote .e-q-footer{flex-direction:row-reverse}.elementor-blockquote--align-center .elementor-blockquote{text-align:center}.elementor-blockquote--align-center .elementor-blockquote .e-q-footer,.elementor-blockquote--align-center .elementor-blockquote__author{display:block}.elementor-blockquote--align-center .elementor-blockquote__tweet-button{margin-right:auto;margin-left:auto}<\/style>\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\t\"Equity Release schemes can be a great way for older borrowers to free up tax free money for their retirement. However, understandably, people often worry about what happens to the plan after they pass away.\"\t\t\t<\/p>\n\t\t\t\t\t\t\t<div class=\"e-q-footer\">\n\t\t\t\t\t\t\t\t\t\t\t<cite class=\"elementor-blockquote__author\">Help & Advice<\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/twitter.com\/intent\/tweet?text=%22Equity+Release+schemes+can+be+a+great+way+for+older+borrowers+to+free+up+tax+free+money+for+their+retirement.+However%2C+understandably%2C+people+often+worry+about+what+happens+to+the+plan+after+they+pass+away.%22+%E2%80%94+Help+&amp;Advice&amp;url=https%3A%2F%2Fhelpandadvice.co.uk%2Fwp-json%2Fwp%2Fv2%2Fposts%2F20886\" class=\"elementor-blockquote__tweet-button\" target=\"_blank\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-twitter\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-blockquote__tweet-label\">Tweet<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-5f67390b\" data-id=\"5f67390b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4abd73a5 elementor-widget elementor-widget-text-editor\" data-id=\"4abd73a5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>What is a no negative equity guarantee?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">If you buy an equity release product from an approved lender from the <\/span><a href=\"https:\/\/www.equityreleasecouncil.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Equity Release Council<\/span><\/a><span style=\"font-weight: 400;\">, you will be protected by something called a &#8216;<\/span><a href=\"https:\/\/www.equityreleasecouncil.com\/what-is-equity-release\/faq\/what-is-a-no-negative-equity-guarantee\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">no negative equity guarantee<\/span><\/a><span style=\"font-weight: 400;\">&#8216;. This is very important when it comes to safeguarding the finances of your beneficiaries.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What it means is that you will never owe more than the value of your property. This means that you will not be passing on equity release mortgage debt to future generations as they will always be able to pay back the equity release loan from the sale proceeds.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is why most equity release providers will survey your home to accurately understand its value and why it is important that you don&#8217;t have any other outstanding balance secured against your home.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-636b6d41 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"636b6d41\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-56de51e7\" data-id=\"56de51e7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-35f4c60b elementor-widget elementor-widget-image\" data-id=\"35f4c60b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-21.webp 1200w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-21-300x75.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-21-1024x256.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-21-768x192.webp 768w\"sizes=\"(max-width: 1200px) 100vw, 1200px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-21.png\" alt=\"equity release what happens on death\" height=\"300\" width=\"1200\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-21.png 1200w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-21-300x75.png 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-21-1024x256.png 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-21-768x192.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-20893 sp-no-webp\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-156b1ef4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"156b1ef4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-73585ab2\" data-id=\"73585ab2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4ce22f87 elementor-widget elementor-widget-text-editor\" data-id=\"4ce22f87\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>What is a protected equity guarantee?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">If you are concerned about the amount that your beneficiaries will inherit, you can look out for a feature known as a &#8216;protected equity guarantee&#8217;. This allows you to ring fence a percentage of your home&#8217;s value to ensure that this amount is safely passed on to those named in your will.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You should keep in mind that the value in question is the value at point of sale rather than value at the point of taking out the plan. Therefore, if the property value rises or falls while the plan is in effect, so too will the value of the ring-fenced amount.<\/span><\/p>\n<h2><b>Can I pay back my equity release plan before I die?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Some people wonder whether it is possible to <a href=\"https:\/\/helpandadvice.co.uk\/can-you-pay-back-equity-release\/\">pay back their equity release<\/a> plans before they die or move into long term care. This is certainly possible but you should be aware that considerable early repayment charges may apply.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6a918aca\" data-id=\"6a918aca\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-20ad7ad elementor-widget elementor-widget-text-editor\" data-id=\"20ad7ad\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2db62282 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2db62282\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-391a94ab\" data-id=\"391a94ab\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-72e1f2d2 elementor-widget elementor-widget-text-editor\" data-id=\"72e1f2d2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">These will vary depending on which equity release product you opt for, so if you think that you might wish to pay off your plan early, check which mortgages are most suitable for this purpose. Some may even allow you to sell the home and pay off the mortgage without having to pay any penalties.<\/span><\/p>\n<h2><b>What happens if house prices fall and the lender is owed more than my property is worth?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The answer to this question lies in the &#8216;no negative equity&#8217; feature previously mentioned. If you have taken out a lifetime mortgage which is regulated by the Equity Release Council and <\/span><a href=\"https:\/\/www.fca.org.uk\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Financial Conduct Authority<\/span><\/a><span style=\"font-weight: 400;\">, then your beneficiaries will never owe more money than your property is worth. This is to prevent mortgage debt being passed down through the generations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the situation does arise that your outstanding debt owed is greater than the value of your property, your lender will likely have an insurance plan in place to cover themselves. As for your beneficiaries, they will have to pay the entire value of the property, and they will unfortunately not be left with anything else to inherit.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It might be worth looking at protected equity schemes if you are concerned about the amount that your beneficiaries will inherit from your estate after your death.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4799cb87 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4799cb87\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-442c3f8a\" data-id=\"442c3f8a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7710be55 elementor-widget elementor-widget-image\" data-id=\"7710be55\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-20.webp 1200w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-20-300x75.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-20-1024x256.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-20-768x192.webp 768w\"sizes=\"(max-width: 1200px) 100vw, 1200px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-20.png\" alt=\"equity release what happens when you die\" height=\"300\" width=\"1200\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-20.png 1200w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-20-300x75.png 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-20-1024x256.png 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-20-768x192.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-20894 sp-no-webp\" loading=\"lazy\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-56571e91 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"56571e91\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-7264f073\" data-id=\"7264f073\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1c7e18a3 elementor-widget elementor-widget-text-editor\" data-id=\"1c7e18a3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-5fd2cb1a\" data-id=\"5fd2cb1a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-785bed2e elementor-widget elementor-widget-text-editor\" data-id=\"785bed2e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>What happens if I have a joint lifetime mortgage and my partner dies?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">One of the main concerns that people have with equity release plans is what happens to the surviving party when their partner dies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is why it is important to think about taking out a joint equity release plan with your partner to protect them in this event. Repayment is only due when the last homeowner on the deed has died or entered long term care. Therefore if you have taken out a lifetime mortgage in joint names, your surviving partner will be able to continue living in the home until the end of their life.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One the last surviving plan holder dies, only then will the lifetime mortgage debt need to be repaid.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5893be90 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5893be90\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7b160b5c\" data-id=\"7b160b5c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-18363de1 elementor-widget elementor-widget-text-editor\" data-id=\"18363de1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>What happens if I die and my partner is not on the mortgage plan?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">If your partner is not on the mortgage plan, however, they will face more of an issue. The debt will be due to be repaid so your partner may be forced to sell the house and move somewhere else after your death.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Usually, if they can see that two people are living together as a couple, most lenders will push for a joint mortgage to avoid this problem. It is recommended to speak to a <a href=\"https:\/\/helpandadvice.co.uk\/what-does-a-mortgage-advisor-do\/\">mortgage advisor<\/a> or financial adviser to make sure that your partner&#8217;s future is secure.\u00a0<\/span><\/p>\n<h2><b>What happens if I move full time into a care home?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">What happens when you move into a care home will depend on whether or not you are on a joint plan. Moving full time into a care home will also result in the plan coming to an end. If your equity loan is in joint names, the surviving partner will be able to continue to live in the <a href=\"https:\/\/helpandadvice.co.uk\/care-home-costs\/\">home until they too move into long term care<\/a>, or pass on.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the property is sold to repay the debt and you have some surplus left over, this money can be used to fund the <a href=\"https:\/\/helpandadvice.co.uk\/home-care-costs\/\">care costs<\/a>.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5126130 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5126130\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7d69dd87\" data-id=\"7d69dd87\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6c6e7381 elementor-widget elementor-widget-image\" data-id=\"6c6e7381\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-19.webp 1200w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-19-300x75.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-19-1024x256.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-19-768x192.webp 768w\"sizes=\"(max-width: 1200px) 100vw, 1200px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-19.png\" alt=\"what happens to a mortgage when someone dies\" height=\"300\" width=\"1200\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-19.png 1200w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-19-300x75.png 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-19-1024x256.png 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-19-768x192.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-20895 sp-no-webp\" loading=\"lazy\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3250dcb8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3250dcb8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-51314f4\" data-id=\"51314f4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ba8be1b elementor-widget elementor-widget-text-editor\" data-id=\"7ba8be1b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>Does interest stop when I die?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Interest should stop accumulating when the final homeowner dies, and the plan is considered to have ended.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For this reason, it is recommended for your beneficiaries to inform the equity release company of your death as soon as possible.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are concerned about how much interest will accumulate on your loan, you can talk to qualified advisors to understand more about how much you will end up owing your provider. There is such a thing as an equity release calculator but these only offer estimates rather than anything more exact.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-3bb7e29a\" data-id=\"3bb7e29a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5197c19a elementor-widget elementor-widget-text-editor\" data-id=\"5197c19a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1ce09cf4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1ce09cf4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-583d3d79\" data-id=\"583d3d79\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3154cd8 elementor-widget elementor-widget-text-editor\" data-id=\"3154cd8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>What if my beneficiaries don&#8217;t want to sell?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Most equity release plans are settled through money raised from the house sale proceeds but this is not compulsory. If your beneficiaries have enough money to pay off the debt in some other way, then they can do this and keep the house.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sometimes your executor will be able to find the funds from other assets in your estate or this could be topped up by contributions from your beneficiaries\u2019 own money.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Keep in mind that this will be different if you have taken out a home reversion scheme, as in this case, the property has already been sold to the lender. However, your beneficiaries could always buy the house back through standard routes, such as using an estate agent.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3c5669cd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3c5669cd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c3d9e55\" data-id=\"c3d9e55\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2e8b0a41 elementor-widget elementor-widget-image\" data-id=\"2e8b0a41\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-18.webp 1200w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-18-300x75.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-18-1024x256.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-18-768x192.webp 768w\"sizes=\"(max-width: 1200px) 100vw, 1200px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-18.png\" alt=\"transferring mortgage after death uk\" height=\"300\" width=\"1200\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-18.png 1200w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-18-300x75.png 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-18-1024x256.png 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/05\/Untitled-1200-\u00d7-300-px-18-768x192.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-20896 sp-no-webp\" loading=\"lazy\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1ee81d13 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1ee81d13\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-184aa954\" data-id=\"184aa954\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-783aa064 elementor-widget elementor-widget-text-editor\" data-id=\"783aa064\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-ccaa616\" data-id=\"ccaa616\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2e54393c elementor-widget elementor-widget-text-editor\" data-id=\"2e54393c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>How does equity release affect inheritance tax?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">People often wonder about the link between equity release and inheritance tax. By choosing to release equity in your property, you are essentially reducing the value of your estate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While, in some ways, releasing equity reduces the inheritance that you are leaving behind to your beneficiaries, it could also potentially benefit them. The <a href=\"https:\/\/helpandadvice.co.uk\/inheritance-tax-planning-trusts\/\">inheritance tax<\/a> threshold is currently set at \u00a3325,000 and is taxed at 40%. Therefore if you reduced the value of your estate to below \u00a3325,000, this would remove the liability to pay inheritance tax.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You are also entitled to give away the money released from the property to whoever you choose, and as long as you do not die within seven years of gifting it, this too will be free from inheritance tax.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b24bf9f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b24bf9f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c89dbfb\" data-id=\"c89dbfb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2cfc61c3 elementor-widget elementor-widget-text-editor\" data-id=\"2cfc61c3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>What if I want to move house?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">All lenders approved and regulated by the Financial Conduct Authority offer transferable lifetime mortgages, which means that if you want to move house while on the plan, you can do so and transfer the plan to the new property.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The lender will have to check that the new property is functional as security against the equity release loan.<\/span><\/p>\n<h2><b>What happens if my equity release provider goes under?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">It is possible that your equity release provider can stop operating. In this case, it is likely that your product will be sold on to another provider, and they will take over your plan. The terms will have to stay the exact same as they were with your previous lender.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Therefore, you can have significant confidence in your plan, regardless of the success of your provider.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-454a2491 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"454a2491\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-307a723b\" data-id=\"307a723b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-61f5c50c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"61f5c50c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-663b667a\" data-id=\"663b667a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-be7e7bf elementor-widget elementor-widget-text-editor\" data-id=\"be7e7bf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h4>Article author<\/h4>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9103f50 elementor-widget elementor-widget-image\" data-id=\"9103f50\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1-300x300.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1-150x150.webp 150w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1-768x768.webp 768w\"sizes=\"(max-width: 1024px) 100vw, 1024px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1.jpg\" height=\"1024\" width=\"1024\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1.jpg 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1-300x300.jpg 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1-150x150.jpg 150w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1-768x768.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" class=\"attachment-large size-large wp-image-12735 sp-no-webp\" loading=\"lazy\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6fb14dfb\" data-id=\"6fb14dfb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9c52939 elementor-widget elementor-widget-text-editor\" data-id=\"9c52939\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3>Katy Davies<\/h3><p>I am a keen reader and writer and have been helping to write and produce the legal content for the site since the launch.\u00a0 \u00a0I studied for a law degree at Manchester University and I use that theoretical experience, as well as my practical experience as a solicitor, to help produce legal content which I hope you find helpful.<\/p><p>Outside of work, I love the snow and am a keen snowboarder.\u00a0 Most winters you will see me trying to get away for long weekends to the slopes in Switzerland or France.<\/p><p><strong>Email<\/strong>\u00a0&#8211;\u00a0<a href=\"mailto:katy@helpandadvice.co.uk\">katy@helpandadvice.co.uk<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-77f39971 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"77f39971\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-6bd21723\" data-id=\"6bd21723\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-458af9cd\" data-id=\"458af9cd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1e8cf669 elementor-widget elementor-widget-text-editor\" data-id=\"1e8cf669\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-6cf8f6fe\" data-id=\"6cf8f6fe\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4cc71711 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4cc71711\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-23816e47\" data-id=\"23816e47\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4e520f16 elementor-widget elementor-widget-text-editor\" data-id=\"4e520f16\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3 style=\"text-align: center;\">Frequently Asked Questions<\/h3>\n<p>\u00a0<\/p>\n<p><b>What is equity release?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Equity release is a way for people in retirement to access a lump sum of tax free cash from the money tied up in their property. There are two main types of equity release plan.<\/span><\/p>\n<p><b>What happens to your equity release plan when you die?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The <a href=\"https:\/\/helpandadvice.co.uk\/is-equity-release-a-good-idea\/\">idea behind an equity release<\/a> plan is that nothing has to be paid back until you die or move into long term care. Exactly what happens will depend on the type of plan that you have gone for.<\/span><\/p>\n<p><b>What happens if I die and my partner is not on the mortgage plan?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">If your partner is not on the mortgage plan, however, they will face more of an issue. The debt will be due to be repaid so your partner may be forced to sell the house and move somewhere else after your death.<\/span><\/p>\n<p><b>What if I want to move house?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">All lenders approved and regulated by the Financial Conduct Authority offer transferable lifetime mortgages, which means that if you want to move house while on the plan, you can do so and transfer the plan to the new property.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The lender will have to check that the new property is functional as security against the equity release loan.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-51a88a1b\" data-id=\"51a88a1b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5492f71e elementor-widget elementor-widget-text-editor\" data-id=\"5492f71e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-312cd2e4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"312cd2e4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a4672ad\" data-id=\"a4672ad\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1391e3e8 elementor-widget elementor-widget-elementor-faq-schema\" data-id=\"1391e3e8\" data-element_type=\"widget\" data-widget_type=\"elementor-faq-schema.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t                                    <script type=\"application\/ld+json\">\n                    {\n                        \"@context\": \"https:\/\/schema.org\",\n                        \"@type\": \"FAQPage\",\n                        \"mainEntity\": [\n                         {\n                            \"@type\": \"Question\",\n                            \"name\": \"- What is equity release?<br \/>\n\",\n                            \"acceptedAnswer\": {\n                                \"@type\": \"Answer\",\n                                \"text\": \"&lt;p&gt;Equity release is a way for people in retirement to access a lump sum of tax free cash from the money tied up in their property. There are two main types of equity release plan.&lt;\/p&gt;\n&lt;p&gt;&lt;a href=&quot;https:\/\/helpandadvice.co.uk\/equity-release-when-someone-dies&quot;&gt;&lt;strong&gt;&gt; CLICK HERE FOR MORE INFORMATION &lt;&lt;\/strong&gt;&lt;\/a&gt;&lt;\/p&gt;\"\n                            }\n                                                    },\n                                             {\n                            \"@type\": \"Question\",\n                            \"name\": \"- What happens to your equity release plan when you die?<br \/>\n<br \/>\n\",\n                            \"acceptedAnswer\": {\n                                \"@type\": \"Answer\",\n                                \"text\": \"&lt;p&gt;The idea behind an equity release plan is that nothing has to be paid back until you die or move into long term care. 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The debt will be due to be repaid so your partner may be forced to sell the house and move somewhere else after your death.&lt;\/p&gt;\n&lt;p&gt;&lt;a href=&quot;https:\/\/helpandadvice.co.uk\/equity-release-when-someone-dies&quot;&gt;&lt;strong&gt;&gt; CLICK HERE FOR MORE INFORMATION &lt;&lt;\/strong&gt;&lt;\/a&gt;&lt;\/p&gt;\"\n                            }\n                                                    },\n                                             {\n                            \"@type\": \"Question\",\n                            \"name\": \"- What if I want to move house?\",\n                            \"acceptedAnswer\": {\n                                \"@type\": \"Answer\",\n                                \"text\": \"&lt;p&gt;All lenders approved and regulated by the Financial Conduct Authority offer transferable lifetime mortgages, which means that if you want to move house while on the plan, you can do so and transfer the plan to the new property.&lt;\/p&gt;\n&lt;p&gt;The lender will have to check that the new property is functional as security against the equity release loan.&lt;\/p&gt;\n&lt;p&gt;&lt;a href=&quot;https:\/\/helpandadvice.co.uk\/equity-release-when-someone-dies&quot;&gt;&lt;strong&gt;&gt; CLICK HERE FOR MORE INFORMATION &lt;&lt;\/strong&gt;&lt;\/a&gt;&lt;\/p&gt;\"\n                            }\n                                                    }\n                    ]\n                    }\n                <\/script>\n                    \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2e8ae43a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2e8ae43a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column 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data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h4>Share this page<\/h4>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-50f52fac elementor-share-buttons--view-icon elementor-share-buttons--shape-circle elementor-share-buttons--align-left elementor-share-buttons--color-custom elementor-share-buttons--skin-gradient elementor-grid-0 elementor-widget elementor-widget-share-buttons\" data-id=\"50f52fac\" data-element_type=\"widget\" data-widget_type=\"share-buttons.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/helpandadvice.co.uk\/wp-content\/plugins\/elementor-pro\/assets\/css\/widget-share-buttons.min.css\">\t\t<div class=\"elementor-grid\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn 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20.791-32.161 39.308-52.628 54.253z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn elementor-share-btn_email\"\n\t\t\t\t\t\t\trole=\"button\"\n\t\t\t\t\t\t\ttabindex=\"0\"\n\t\t\t\t\t\t\taria-label=\"Share on email\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg class=\"e-font-icon-svg e-fas-envelope\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M502.3 190.8c3.9-3.1 9.7-.2 9.7 4.7V400c0 26.5-21.5 48-48 48H48c-26.5 0-48-21.5-48-48V195.6c0-5 5.7-7.8 9.7-4.7 22.4 17.4 52.1 39.5 154.1 113.6 21.1 15.4 56.7 47.8 92.2 47.6 35.7.3 72-32.8 92.3-47.6 102-74.1 131.6-96.3 154-113.7zM256 320c23.2.4 56.6-29.2 73.4-41.4 132.7-96.3 142.8-104.7 173.4-128.7 5.8-4.5 9.2-11.5 9.2-18.9v-19c0-26.5-21.5-48-48-48H48C21.5 64 0 85.5 0 112v19c0 7.4 3.4 14.3 9.2 18.9 30.6 23.9 40.7 32.4 173.4 128.7 16.8 12.2 50.2 41.8 73.4 41.4z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn elementor-share-btn_linkedin\"\n\t\t\t\t\t\t\trole=\"button\"\n\t\t\t\t\t\t\ttabindex=\"0\"\n\t\t\t\t\t\t\taria-label=\"Share on linkedin\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg class=\"e-font-icon-svg e-fab-linkedin\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 32H31.9C14.3 32 0 46.5 0 64.3v383.4C0 465.5 14.3 480 31.9 480H416c17.6 0 32-14.5 32-32.3V64.3c0-17.8-14.4-32.3-32-32.3zM135.4 416H69V202.2h66.5V416zm-33.2-243c-21.3 0-38.5-17.3-38.5-38.5S80.9 96 102.2 96c21.2 0 38.5 17.3 38.5 38.5 0 21.3-17.2 38.5-38.5 38.5zm282.1 243h-66.4V312c0-24.8-.5-56.7-34.5-56.7-34.6 0-39.9 27-39.9 54.9V416h-66.4V202.2h63.7v29.2h.9c8.9-16.8 30.6-34.5 62.9-34.5 67.2 0 79.7 44.3 79.7 101.9V416z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>\u00a0 Equity Release When Someone Dies Equity Release schemes can be a great way for older borrowers to free up tax free money for their retirement. However, understandably, people often worry about what happens to the plan after they pass away. Two of the main concerns are to do with whether surviving partners can continue [&hellip;]<\/p>\n","protected":false},"author":93,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/posts\/20886"}],"collection":[{"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/comments?post=20886"}],"version-history":[{"count":68,"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/posts\/20886\/revisions"}],"predecessor-version":[{"id":32646,"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/posts\/20886\/revisions\/32646"}],"wp:attachment":[{"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/media?parent=20886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/categories?post=20886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/tags?post=20886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}