Warning Text
EQUITY RELEASE PRODUCTS INVOLVE BORROWING AGAINST OR SELLING PART OF YOUR HOME. THERE MAY BE MORE SUITABLE METHODS OF RAISING THE FUNDS YOU NEED.
A LIFETIME MORTGAGE CAN QUICKLY ERODE THE REMAINING EQUITY AND AS A RESULT THERE MAY BE NO VALUE LEFT TO PASS ON.
EQUITY RELEASE MAY REQUIRE A LIFETIME MORTGAGE OR HOME REVERSION PLAN. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.
A LIFETIME MORTGAGE IS NOT SUITABLE FOR EVERYONE AND MAY AFFECT YOUR ENTITLEMENT TO MEANS TESTED BENEFITS, SO IT IS IMPORTANT TO SEEK FINANCIAL ADVICE BEFORE TAKING ANY ACTION. IF YOU ARE CONSIDERING RELEASING EQUITY FROM YOUR HOME, YOU SHOULD CONSIDER ALL OPTIONS AVAILABLE BEFORE EQUITY RELEASE.
THE INTEREST THAT MAY BE ACCRUED OVER THE LONG TERM WITH A LIFETIME MORTGAGE, MAY MEAN IT IS NOT THE CHEAPEST SOLUTION. AS INTEREST IS CHARGED ON BOTH THE ORIGINAL LOAN AND THE INTEREST THAT HAS BEEN ADDED, THE AMOUNT YOU OWE WILL INCREASE OVER TIME, REDUCING THE EQUITY LEFT IN YOUR HOME AND THE VALUE OF ANY INHERITANCE, POTENTIALLY TO NOTHING.
ALTHOUGH THE FINAL DECISION IS YOURS, YOU ARE ENCOURAGED TO DISCUSS YOUR PLANS WITH YOUR FAMILY AND BENEFICIARIES, AS A LIFETIME MORTGAGE COULD HAVE AN IMPACT ON ANY POTENTIAL INHERITANCE. WE WOULD ALSO ENCOURAGE YOU TO INVITE THEM TO JOIN ANY MEETINGS WITH YOUR FINANCIAL ADVISER SO THEY CAN ASK QUESTIONS AND JOIN IN THE DECISION, AS WE BELIEVE IT IS BETTER TO DISCUSS YOUR DECISION WITH THEM BEFORE YOU GO AHEAD. THIS IS A REFERRAL SERVICE.
