What can equity release do for me?
Before you get started you should consider some of these questions; Is your retirement income lower than you’d like it to be? Would you like to top it up to make your retirement more comfortable? Read more ... |
What should I bear in mind?
Before you decide to take things further, you should bear some things in mind. For example, there might be ways to maximise your income without taking out a new financial product. Or there might be other, more appropriate, ways to raise money than equity release. Read more ... |
| |
|
How does equity release work?
There are two types of equity release scheme available in the market, with several variations on each. The lifetime mortgage involves taking out a new loan secured on your property, and the home reversion plan involves selling a share of ownership of your property. Read more ... |
Is equity release safe?
It’s fair to say that the equity release industry has had to work hard to maintain a respectable reputation. Several unsafe schemes started to appear back in 1988, and left many elderly people in financial difficulties. These schemes were withdrawn. And since 1991, the Safe Home Income Plan (SHIP) organisation has done good work in promoting safe schemes. Read more ... |
| |
|
Should I take professional advice?
Taking out any equity release product is a major decision that will have bearing on the rest of your life. You should always seek the guidance of a financial adviser to confirm that equity release is the appropriate solution to meet your financial needs. Read more ... |
Where can I go for more information?
If you’d like to do some more research before talking to a financial adviser, the following organisations have information on equity release for you to read. Read more ... |
