Equity Release

fergusmcfergus

Hi martin,

We are a retired couple and we still have a mortgage, we would like your advice on Equity Release.

feisty1

Equity Release is a big step to take and you sincerely need to seek professional advice on this, not all mortgage advisers are qualified to do ER but they will refer you to a specialist. This is very important as you need to discuss implications on means tested benefits, tax etc You also have to understand the full implications as their are several different types of schemes. A good place for you to start reading is SHIP Safe Home Income Plans (SHIP), they are not lenders however they have a code of practice for lenders who are members www.ship-ltd.org

fergusmcfergus

Thank you I will certainly take your advice.

feisty1

Good, I can't stress enough the importance of having the whole process explained to you, very glad to help & enjoy yr retirement

I am a Mortgage & Equity Release Adviser

You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.