Safeguards - Looking After Your Best Interests
Like many other homeowners, you will have heard of Equity Release. You may remember the bad publicity the old schemes received a few years ago and rightly so. But with the introduction of new schemes from major respected financial companies that offer you valuable safeguards and guarantees and with the regulation of the FSA, releasing money from your home could now be an option you may wish to explore.
Equity Release is growing in its popularity as more and more people are seeing it as a valuable tool in planning for their retirement.
To find out more please send for a free information pack today.
Looking after your best interests
The FSA regulates the advice and arrangements of Equity Release products. They have produced a valuable fact sheet entitled: Raising money from your home, we strongly recommend that you read this PDF fact sheet on Equity Release.
Safeguards for you
All our scheme providers that are members of SHIP (Safe Homes Income Plans) offer the following valuable safeguards:
- That you cannot lose your home regardless of what happens to the stock market, property prices or interest rates
- A no negative equity guarantee, meaning that the loan plus interest would never exceed the value of your home
- The right to remain in your home for the rest of your life or as long as you choose
- The freedom to move to another property without financial penalty
- That your solicitor will explain to you all of the conditions of the loan and how they will affect you
- All companies must agree to provide a fair, simple and complete presentation of their plans
If you are considering releasing equity from your property there are lots of things to think about, i.e. you should note that it may not be possible to move home or it could be difficult if the equity in you property has been reduced. For further examples, please visit our points to consider page which you should read carefully.
Find out how much you could release with our equity release calculator.
To find out more please send for a FREE, no obligation, information pack today
or call us free on: 0800 030 55 95
Making Equity Release as stress free as possible.
Equity Release products are lifetime mortgages and home reversion plans. To understand the features and risks of lifetime mortgages and home reversion plans, ask for a personalised illustration.