Before taking Equity Release you should consider the following:

Could you downsize?

That means selling your home and buying a cheaper one. You will need to consider the stress and cost of moving home. If you believe that house prices will rise, you would be reducing your investment in the property market.

Do you have savings or investments you could use?

Family

Equity Release will reduce the value of your estate so it is important to discuss your intentions with your family. We are happy for family members to attend our meetings with you but ultimately this is your decision.

Could your family provide family assistance?

Have you considered other ways of borrowing money?

This could be a conventional mortgage or loan. However, these involve monthly repayments so would be subject to affordability.

Will releasing equity affect your entitlements to state benefits?

If you are receiving Pensions Credit, Savings Credit or Council Tax benefit you should check that you are receiving the benefits to which you are entitled.

We can advise you on how to minimise the impact Equity Release may have on your benefits.

Are you eligible for a local authority grant?

Assistance may be available for some essential home improvements and repairs.

Ask for a free Equity Release guide or call free on 0800 018 5753