Some will have look at equity release in the early days when the industry was not strictly regulated and policed. They may have looked at it when interest rates were at a very high level. Some feel that equity release is 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 was often a concern.
The reality is that today’s equity release products have overcome the negative issues from before.
When fully understood, equity release can be an excellent solution for many over fifty-five who are looking to release the money built up in their home.
Remember that the money released is tax-free and can be used for what you like. Some will pass it down to future generations for property deposits or towards school fees cost. Others will use the money for holiday, property improvement or pay off debt. The funds can be released as a one-off lump sum, annually or monthly.
We are independent financial advisers. Therefore the 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 and our registration can be found on their website.
We can arrange a meeting for you at your home or at one of our offices. Weekend and early evening meetings are available if you wish to have family attend as well. we would recommend that you involve your close family.
Additionally, our equity release advisers make use of meeting rooms in Wellingborough, Droitwich, Bedford, Towcester and Northampton.