ABOUT THIS EPISODE
Equity Release Explained. Equity Release How Does It Work? Is Equity Release a good idea?
Steve Paterson of Later Life Money joined us for this special Equity Release FAQ Show.
Don't forget to subscribe to help us grow the channel! 👍
Steve explains ALL you need to know about equity release!
- What are the key differences between a lifetime mortgage and a home reversion plan?
- Why are lifetime mortgages more popular?
- Do you still own your home and can you live in the property for the remainder of your life?
- What is the risk of you losing your home? If in default would the lender seek possession?
- Is equity release regulated? And are there any safeguards?
- How much can I borrow with equity release?
- Can I still take out an equity release plan if I have an outstanding mortgage?
- What are the most common reasons for seeking equity release? Are there any restrictions?
- What if I have other occupants living in my property? Eg my partner, or children, etc?
- Can I still leave an inheritance with equity release? Are you able to ring-fence any of the property value?
- Will my entitlement to means-tested benefits be affected?
- Can you pay back equity release early?
- Can I change my equity release plan? If my property increases in value or better terms become available?
- What are the most common problems with equity release in terms of rejections and/or delays?
Get matched with an equity release broker: https://bit.ly/399tqFZ
If you require any mortgage advice, or an equity release broker, check out our "Find an Adviser" service. We work with whole of market industry-leading brokers nationwide who will provide a no-obligation consultation!
#equityrelease #equityreleasebroker #equity #property #mortgagebroker #legal #mortgages #solicitor #finance
The content of the show is for information purposes only, does not constitute advice.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY. SOME BUY-TO-LET MORTGAGES ARE NOT REGULATED BY THE FCA. EQUITY RELEASED FROM YOUR HOME WILL ALSO BE SECURED AGAINST IT.
Hosted on Acast. See acast.com/privacy for more information.
