Hitting the national newspapers

Did you spot our founder and Director, Duane Bridger in The Mail on Sunday at the weekend?

He was explaining the ins and outs of equity release for homeowners. Back in the 1990s, equity release had a bad reputation but since the establishment of the Equity Release Council, it is subject to the highest standards of conduct and safeguarding for consumers.

It is a lifetime mortgage that allows the borrower to stay in their home, with any sum borrowed repayable upon death, going into full-time care, or if the property is sold. It can be a useful solution for older homeowners (usually over 55) looking to release some of the value in their home to use for purchases such as buying a car, home improvements, or gifts to family.

There are factors to consider, such as whether it could affect any benefits you receive, but for those requiring extra funds it can be a preferred alternative to moving home. For that reason, it’s important to consult a legal expert to fully understand the implications and whether Equity Release is the right option for you.

If you’d like to understand more, and assess your suitability for Equity Release, we can help. Get in touch today.