The Equity Release Council have stringent guidelines for the protection of borrowers and the face-to-face meeting is one such mandatory guideline. The purpose of the meeting is to guard against the risk of identity theft, fraudulent activity, duress and to ensure that...
The equity in your home is reduced meaning the asset value is reduced to your estate i.e., less inheritance (which can also be an advantage – see below). Compound Interest (where no voluntary payments are made) can entirely extinguish the remaining equity in your...
Access to tax free cash to use how you wish, after payment of existing charges. Facilitates achieving your financial/ retirement goals. Can help to reduce your estate for the purposes of inheritance tax planning (please ensure you take expert financial advice as this...
Subject to the property itself being accepted as suitable for Equity Release yes you can, however the transaction is likely to be more complex and therefore will probably take considerably longer than a standard transaction. The exact time estimate varies depending on...
