Equity Release FAQs
FAQs & Quick Tips
Equity Release Overview
Equity release is a type of loan that accrues compound interest and is repaid upon the homeowner’s death or move into long-term care. It can potentially reduce the inheritance you leave behind and may impact your eligibility for means-tested benefits in the future.
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1. Eligibility Requirements
Homeowners interested in equity release must be at least 60 years old and reside in the UK, excluding Northern Ireland.
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2. Factors Influencing Release Amounts
The amount of equity you can release largely depends on your age and the value of your property.
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3. Existing Mortgage Requirements
Opting for equity release requires any outstanding mortgage on the property to be fully repaid.
FAQs
Got a question? Get your answer
Quick answers to questions you may have. Can’t find what you’re looking for? Get in touch with us.
How can I schedule a free consultation?
For the fastest response, please fill out the form with detailed information about your equity release needs. You can also reach us by email or telephone, although these methods may take slightly longer to process.
What information should I provide when contacting you?
Please provide as much information as possible, basic financial information, property value etc.
Are consultations free or is there a fee involved?
We offer a free initial consultation.
What should I expect during the first consultation?
During the initial consultation, we will conduct a concise yet thorough review to understand your specific requirements and assess your eligibility. We will also gather detailed information to ensure that we can secure the most advantageous equity release deal tailored to your needs.
Can I contact you outside of standard business hours?
Most certainly, it is best to fill in our form or send an email after business hours.
How is my personal information protected when I contact you?
Our website is highly secure and we adhere to strict confidentiality and privacy guidelines. We are fully authorised & regulated by the FCA - #672856.
Is there an option for a virtual consultation?
Yes. We think it is important for our clients to see us in person, the next best thing is a video call.