We can advise clients in respect of Equity Release mortgages. Equity Release is an option available to people in retirement who own their own property and have a specific need for money to improve their financial situation.
There are several reasons why people may wish to release equity from their property such as, for example repaying an existing mortgage or other debts, funding home improvements, helping a family member, or providing additional income or cash savings.
There are several types of equity release products, all of which have distinctive features as well as a specific number of advantages and disadvantages. We can provide regulated, independent financial advice which consists of an initial meeting to consider an individual’s circumstances and whether we believe equity release would be appropriate for them or not. If we feel that Equity Release is appropriate, then we research the market to then recommend what we consider to be the most suitable option for that individual based on their circumstances and objectives.
Entering into an Equity Release arrangement can be beneficial but, in some cases, we may not consider Equity Release to be an appropriate option compared to other solutions.
A lifetime mortgage will be secured against your home, which could be repossessed if you do not keep to the terms and conditions of the loan.
If you wish to consider whether such an Equity Release mortgage may not be suitable for you, then please contact us for an initial meeting, at no cost to you.
For further details of the charges for equity release advice, please go to Our Charges.