Equity Release is being investigated as a retirement solution by more and more people. As we live for longer, more of us in retirement are searching for an extra income, worried that our pensions will either not last or provide us with the lifestyle we wanted. For many people, Equity Release is a great option at this point.
However, more than arguably any other solution, Equity Release is a solution where expert advice is a must. Selecting the wrong type of Equity Release, for the long duration and from the wrong provider, can have serious consequences which could even be passed on to your family.
As Equity Release solutions increase, the need for expert advice increases too. More people hearing about just what a difference it can make means more people investigating it. It is vital that those newly interested in Equity Release as an option get impartial, expert advice from a reliable adviser.
There have been several cases covered by the media recently where this has not been the case. The over-riding factor in these cases has been poor advice, or individuals pursuing Equity Release independently. Used in this way, Equity Release can become simply an expensive loan: not something you want during your retirement!
However, employed properly, thoroughly researched against your circumstances and the options available, Equity Release can be the solution you are looking for and can help tremendously to free up much needed funds in retirement.
If you are currently investigating Equity Release, or know someone that is, and an initial chat about whether it might be suitable would be useful to you, then please do get in touch and we will be more than happy to talk through our approach and your circumstances.
THINK CAREFULLY BEFORE SECURING OTHER DEBT AGAINST YOUR PROPERTY.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER DEBT SECURED ON IT.
THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.