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best equity release company
trademark
Posts: 589 Forumite
my mother in law is 62, father in law is 67
thier house is worth 90k
what is the best company and method of releasing equity
is there anyway they could be forced to move out, eg if the company went bust for instance.
thankyou
thier house is worth 90k
what is the best company and method of releasing equity
is there anyway they could be forced to move out, eg if the company went bust for instance.
thankyou
0
Comments
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Do not do it.
These equity release companies are bad news.0 -
Equity Release & Lifetime Mortgages are more regulated than a standard mortgage. You'll need the services of an IFA or a mortgage broker with the necessary permissions from the FSA.my mother in law is 62, father in law is 67
thier house is worth 90k
what is the best company and method of releasing equity
is there anyway they could be forced to move out, eg if the company went bust for instance.
thankyou
There is an organisation which ensures the lenders in this sector adhere to certain rules, such as a no negative equity guarantee. Their details are here;-
http://www.ship-ltd.org/I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
i wouldnt say there is one best one that fits all.
https://www.unbiased.co.uk search by equity release/lifetime mortgages and your postcode and it will show local independent specialists.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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