Equity Release
Equity Release is a very big decision which should not be made in a hurry. That is very important so we have as many meetings with you as you wish, to present the facts, answer your questions and ensure that the decision you make, is right for you.
The benefits are often substantial but have to carefully weighed up. Below is a list of some of the advantages and disadvantages with Equity Release:
ADVANTAGES
- Pay off outstanding bills
- Clear existing mortgage
- Clear loans and credit cards
- No monthly outlay (unless you choose to)
- Enjoy the equity that you have built up
- Buy a new car
- Go on that cruise
- Improve your lifestyle
- Reduction in potential Inheritance Tax liability
DISADVANTAGES
- Possibility that you could lose some state benefits
- Debt increases each year as interest is added (unless you opt to make some monthly payment)
- Possibility of less equity available if you want to move home
We will take you through all of the pros and cons of equity release so that the final decision that you make is the correct one. The schemes available today offer numerous benefits and are completely different to the schemes available in the past and the interest rates quoted have never been as low as they are today.
We conform to the standards of The Equity Release Council, the trade body responsible for ensuring high standards with Equity Release advice. In addition, we are regulated by the Financial Conduct Authority.
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