Independent Financial Advisers now have to take and pass further advanced exams to give advice in this area.
To help, we have written “An Idiot’s Guide to Equity Release”, please don’t take offence. Sit down, with a cup of tea and read this first. Then if you require help, please leave your details and we will call you.
Equity release schemes have varying criteria. Benefits can be that you take a lump sum or a regular withdrawal to add to your current income. You can spend the income and/or capital for any purpose you wish. Your right to always be able to live in your own house can be protected.
True Bearing advisers will always consider your overall circumstances before any equity release plans are presented. They will clarify the pitfalls as well as the benefits. This is detailed in your personalised equity release report.
Equity Release may involve a Lifetime Mortgage or Home Reversion Plan. To understand the features and risks, ask for a personalised illustration. For Equity Release Advice, we charge a fee typically of £695, plus any commission paid by the Lender will be retained by the Firm. Your home may be repossessed if you do not keep up repayments on your mortgage.