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Equity release schemes are especially conceived for those senior citizens who want more from life, who have real estate, but do not have money for current needs. How do equity release schemes work? After reaching a deal with a pensioner interested in this financial arrangement, the equity release company signs a contract and takes over the ownership of the real estate belonging to the pensioner (the transfer of ownership is performed after the signature).

By contract, the equity release company undertakes to pay the pensioner an initial amount of money and then perpetuity. The payment is not limited and it will continue regardless of the life span of the pensioner.