Is equity release right for you?
Speaking to a qualified adviser is a required part of the equity release process. An adviser can explain the options available when it comes to using your property wealth.
Royal London Equity Release Advisers can help you decide whether equity release is the right option for you. They offer no-obligation appointments to discuss lifetime mortgages, retirement interest-only mortgages and more traditional mortgage types.
They don’t offer advice on other forms of borrowing such as credit cards or unsecured loans. However, one of these options may be more suitable depending on your circumstances. If you choose any mortgage that requires regular payments, your home could be at risk of repossession if you miss payments.
Use the equity release calculator first to get an idea of the amount that could be available to you with a lifetime mortgage. If you choose to include your phone number, the Information Team can get in touch to answer any questions you might have. If you are eligible, they can also get you booked in for an initial consultation appointment.
FAQs:
Is there a better alternative to equity release?
There are alternatives to equity release available. In terms of borrowing, there are other products such as retirement interest-only mortgages available. This would involve agreeing to pay off the interest every month.
You might also consider using other sources of funds, such as savings or investments. Whether these are better choices than equity release would be best determined with the help of an adviser, who would consider each option against your personal circumstances.
What is the catch of equity release?
There is no catch with equity release. Equity release advisers will explore both the positives and negatives of the product before potentially recommending it, so you will understand exactly how it could work for you. Royal London Equity Release Advisers will provide you with a personal illustration as part of the process, showing you the costs involved.
Your adviser will also explore how releasing equity will reduce the value of your estate and potentially affect your entitlement to means-tested benefits. You will have as much time as you need to fully consider the pros and cons.
- If you’re interested in discovering more on whether equity release is right for you, you can get in touch with Royal London Equity Release Advisers today. Simply use the online calculator or give them a call on 0330 162 4672. Lines are open Monday 08:30am to 18:00pm and Tuesday to Friday 08:30am to 17:30pm
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