Thinking about equity release?
There are some key factors you should consider first
Is your equity release plan regulated by the Financial Conduct Authority (FCA)?
The FCA ensures that equity release plans are fair and presented in a total clear way. Our plans are regulated by the FCA.
Moving to a cheaper property could be another solution.
Although many people feel at home in their property and don't want to move, you should be aware that down-sizing could be another option.
Taking in a lodger could be another way to raise extra funds.
You may not be comfortable with the invasion of privacy this would bring, but you should consider it before going through with equity release.
An equity release plan may reduce the size of your estate.
By releasing funds in your lifetime that would otherwise stay tied up in your home until you die, an equity release plan may reduce the size of your estate. As a result, it will reduce the amount that you would be able to pass on to any beneficiaries.
Your entitlement to means-tested benefits could be affected.
Your advisor should discuss with you any impact the money you release could have on your means-tested state benefits.
Think carefully before securing other debts against your home. By extending the term of these debts you will be increasing the overall cost.
Remember! We only accept applications from fully qualified equity release advisers.