Woman for The Equity Release CouncilYou may have looked at equity release in the early days when the industry was not as strictly regulated and policed as it is today.   it might have been when interest rates were high. You might have felt that equity release was inflexible, costly and takes advantage of people when they are old and vulnerable. The thought that you may end up owing more than your home is worth, could have been a concern.

So what has changed?

The reality is that today’s products have overcome the negative issues from before.

  • Advisers need additional professional qualifications.
  • Plans today are generally more flexible.
  • Interest rates are at a  historically low.
  • More providers have increased competition.
  • Guarantees will ensure you will not owe more than the value of your house.
  • The Equity Release Council hold a register of advisers who adhere to its “Statement of Principles”.

When fully understood, equity release can be an excellent solution for many over fifty-five who are looking to release the money (equity) built up in their home. The funds released are still tax-free and can be spent on whatever you like ( as long as it’s legal).

Common reasons to take out Equity Release.

You can spend the money on whatever you like. Some popular choices are-

  • Repaying debts like an outstanding mortgage
  • Paying for grandchildren’s school fees
  • A holiday of a lifetime
  • Property improvements

The funds can be taken as a one-off lump sum, annually or monthly.

How we can help you?

We are Independent Financial Advisers. This means that the financial advice we offer you is unbiased. We look at all the financial solutions available to you, not just equity release. We are long-standing members of The Equity Release Council.Equity Release Council logo

Meetings would normally be arranged at you your home. However, with social distancing requirements, plans can all be arranged over the phone. In addition, we make use of –

  • Zoom
  • Facetime
  • Skype

Weekend and early evening meetings are available. We would also recommend that you involve your close family.

The initial meeting is free and without obligation. Our fee of £895.00 is only payable when you draw down your loan. It is paid directly to us only when the funds are released by your solicitor. So if we can not find a suitable product for you then you will pay us nothing.

So why not arrange a meeting today?

We are registered with the Financial Conduct Authority (FCA) and are proud members of The Equity Release Council.

FCA logo regulate Equity ReleaseThese products are lifetime mortgages or home reversion plans. Equity released from your home will be secured against it.