We appreciate that choosing to release money from your home is a big decision and it is important to realise that there is more than one option available. Therefore, it is important to get advice to find out all the options available alongside all the benefits and considerations.
WHY EQUITY RELEASE NO LONGER DESERVES ITS BAD REPUTATION OF THE PAST:
Modern equity release products are different from how they used to be years ago. You may have heard some horror stories of the past, where people inherited a significant debt as well as losing their parents’ property. That can no longer happen because:
– all policies now come with a ‘no negative equity’ guarantee
– the market is fully regulated by the Financial Conduct Authority who insist on additional training and certification specifically to be able to sell and advise on equity release products
– by choosing a member of The Equity Release Council, such as ourselves (see our page on their website) you know that we have agreed to abide by the Council rules and have signed up to the Statement of Principles.
What can equity release be used for:
We want to help you with your equity release:
At The Financial Detectives we have trained advisers who can give quality advice on equity release. Give us a call on 01823 210386 or send us an email to find out more.
Equity release includes Lifetime Mortgages and Home Reversion Schemes. We can advise and arrange Lifetime Mortgages and will refer to an approved specialist for Home Reversion schemes. Lifetime Mortgages are applicable for over 55s only, may affect means or state tested benefits and can affect the inheritance you may leave.