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Equity Release

Can you guys recommend a company you have dealt with your Equity Release.
Key retirement always springs to mind and they have a Trust Pilot score of 9.7. But others with a lower sample but higher rating exist. Examples are Retirement Line and Responsible Equity Release.
Any feedback will be extremely welcome.

Comments

  • Linton
    Linton Posts: 18,481 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    I suggest you talk to a local specialist broker. ER is a big step and there are issues you will probably want to discuss face to face. When we went for a lifetime I/O mortgage we talked to a broker who was also an IFA who was able to discuss and document our options on the basis of our overall financial situation.
  • caveman38
    caveman38 Posts: 1,319 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    Linton wrote: »
    I suggest you talk to a local specialist broker. ER is a big step and there are issues you will probably want to discuss face to face. When we went for a lifetime I/O mortgage we talked to a broker who was also an IFA who was able to discuss and document our options on the basis of our overall financial situation.






    I am asking the question on behalf of an elderly gentleman. He is 77 has angina, Type 2 and has had a bypass and cancer. He has no dependents he wishes to leave money to.
    He just wants to raise money to enjoy the next 10 years (hopefully) and just wants recommendations of ER companies he can trust.
  • LHW99
    LHW99 Posts: 5,590 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    He / you need to check that the company chosen / broker recommendation is signed up to the Equity Release Council (used to be SHIP) to ensure they follow the code of practise, and check they are also properly regulated - see

    https://www.hodgelifetime.co.uk/equity_release_safeguards.html
    (Google can provide similar links)
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