There are many different products on the market and, depending on your circumstances and wishes your financial adviser will source the most suitable product for your needs. Some products do provide for monthly interest payments, which have the advantage of ensuring...
No, you cannot, unless you have a buy to let equity release. The terms and conditions are for the applicants’ sole use as their home (save for BTL/Holiday home specific equity release products). You can, with the lender’s prior agreement have permanent ‘Occupiers’ but...
Provided your property is within the UK some lenders do have holiday home equity release products. There will be specific requirements that the lender has relating to the loan. Please enquire with your Financial Adviser as to availability and suitability. Once your...
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...
