The most asked questions Is equity release regulated? Yes,
Will I still own my home? Yes, with a standard lifetime mortgage recommended by us, you’ll always own your home and have the right to stay in it for as long as you wish. Will I ever fall into negative equity? No, all the plans we recommend meet the Equity Release Council’s standards and come with a no negative equity guarantee. This means you’ll never owe more than your home’s value, provided you keep to the terms of your plan. Can I move house? Yes, your plan can be transferred to a new home, subject to certain criteria. Who handles the legal side of the process? An independent solicitor will handle the legal side of things for you. If you prefer, we can suggest solicitors with experience in lifetime mortgages.
equity release is fully regulated by the Financial Conduct Authority (FCA). How much can I release? The amount you can release depends on several factors, including the value of your home, your age, and any specific product features you want. Your adviser will explore all of this with you and provide a personalised illustration tailored to your needs. What is the interest rate? The interest rate on your loan is fixed for life when you take it out. If you opt for a drawdown lifetime mortgage, the rate is fixed at the rate at that time each time you take additional funds. Your adviser will discuss all the details with you at your appointment.
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