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    • jaxs
    • By jaxs 7th Sep 17, 3:21 PM
    • 91Posts
    • 16Thanks
    Equity Release question
    • #1
    • 7th Sep 17, 3:21 PM
    Equity Release question 7th Sep 17 at 3:21 PM
    If this isn't the right place for this post, please move it.

    My neighbour has asked me to help her look into the possibility of taking out an equity release on her home. She'll be 78 at the end of the year, her house is worth somewhere between £250-300k (using estate agents web sites for prices) and she's looking at taking about 30k max.

    My main question is this - is it better to go to a specialist independent broker to get quotes from all of the ER providers or go direct to one of the big firms offering this service? For example I've seen that you can do equity release through Aviva.

    Is there anything to gained by using a well known named company eg. stability (no idea if that's even relevant)?

    Do the interest rates offered by different providers vary hugely?

    Thank you
Page 1
    • kingstreet
    • By kingstreet 7th Sep 17, 4:04 PM
    • 33,575 Posts
    • 18,212 Thanks
    • #2
    • 7th Sep 17, 4:04 PM
    • #2
    • 7th Sep 17, 4:04 PM
    Get proper independent advice.
    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.
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