Is Equity Release right for you?

Equity Release provides a solution to many different needs (see our Case Studies section for examples) but it may not be right for everyone. It is a long-term arrangement that needs to be given a lot of consideration before being entered into. One of our specialist equity release advisers will help you to consider your other options so that you only commit to an equity release plan if it is right for you.

For example, you should consider whether you would be happy moving to a smaller property, or moving in with relatives, to raise the money you are looking for.

It is also possible that raising money through equity release could impact on the state benefits you would otherwise have been eligible to receive. Our advisers will check to make sure you are currently receiving everything you are entitled to before seeing whether equity release would have any impact on this situation.

Furthermore, our advisers will look at whether you have any savings that could be used as a more cost effective way of achieving your goals, or whether your family may be able to help.

Finally, if you are looking to do some work on your property, it may be that you could receive a grant or loan to help with this work. Our advisers will be able to help by providing contact details for the relevant agencies that you will need to contact.

Equity release may involve either a lifetime mortgage or home reversion plan. To understand the features and risks, ask for a personalised illustration.