Points To Consider

The Equity Release Bureau believe that advice is only of value when it's independent. Equity release can prove very beneficial should your circumstances be appropriate but it's not always the right option for everyone.

Our advisers will take full regard of your financial circumstances, needs and aspirations. Only then will they recommend whether equity release is right for you. It is also important to consider the following points when thinking about whether to release cash from your home.

  1. Any equity release plan will reduce the size of your estate, therefore we would strongly recommend that you involve your family and discuss your ideas with them. We welcome your family to be involved and fully aware of any recommendations we make.
  2. Would equity release reduce any existing or unclaimed state benefits, Yes - state benefits could be affected, please contact us for further information.
  3. Releasing cash from your home should be seen as a permanent decision, if you decide after the event that you should not have released equity then it is possible that large early repayment charges may apply on some plans if you want to repay the loan early.
  4. You could downsize and move somewhere cheaper (but you may have to move away from family and friends and an environment that you are comfortable in)
  5. You could ask your family for financial assistance
  6. You could consider other forms of borrowing, such as loans or traditional mortgages (subject to being able to make your repayments)
  7. You could use other money you may have access to such as savings or investments (Our Principal firm Richard Martin Financial Services Ltd specializes in investment and pension advice)
  8. Remember The Equity Release Bureau adheres to SHIP (Safe Home Income Plans) allow you to move home if you wish. Any move will be subject to the provider's terms and conditions as this is not a SHIP equity release requirement.
  9. The Equity Release Bureau offer a full advice and recommendation service for which we will charge a fee. To ensure that our advice cannot be influenced by provider commissions or incentives all our work is fee based with any commissions produced used to offset against our fees. We do offer an initial consultation which is free of charge and obligation with an independent adviser so that you can find out how much cash you may be able to release and whether a plan would be suitable for you. Details of our fees will be made available at this consultation. If you require no further consultations after the initial consultation then you will not be charged anything.

The advisers at The Equity Release Bureau will only give impartial specialist advice to customers interested in equity release information. We encourage you to take advantage of their wealth of experience and their honesty in respect of your situation and whether equity release is right for you. Our advisers will help you consider all of the points above and talk you through the advantages and disadvantages of the various lifetime mortgages and home reversion plans available.

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