Before considering equity release you should ask yourself the following

questions :

Firstly, ‘are you prepared to use the value locked up in your home?’                                         

If the answer is yes, you should also ask yourself,

‘have you considered the alternatives to equity release?’

There are 4 main alternatives;

1.    Move to a less expensive property and use the surplus funds to meet your income or capital needs.

2.   Use any existing resources, such as investments.

3.   Use assistance from family, grants or unclaimed State Benefits.

4.   Do nothing and pass on the value of your home, less inheritance tax (40% on anything over £325,000)

 

Having considered the alternatives, the next question is

‘have you gathered sufficient information to enable you to make a

decision that you and your family, are happy with?’

 

If you’ve got this far you may well ask yourself –’why

didn’t I do this sooner?’

 

Whilst equity release can provide priceless benefits for many in

retirement, it is not suitable for everyone. Is some cases there can be

drawbacks which outweigh the benefits.

 

Obtaining impartial advice from a specialist equity release adviser is

crucial  if you are to make a decision on the right scheme and avoid

making a mistake that you may regret for life.