Lifestyle

Is equity release safe?

It is never easy to make a financial decision regarding your home. The impact of these decisions, whether you are entering into your first mortgage agreement or releasing equity to fund your retirement can last for decades or even a lifetime. Before making a final decision, it is vital to get all your questions answered.

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More people are searching for ways to save money later in life as the population grows older. The interest in releasing equity from property is increasing. Even the thought of equity release can be uncomfortable for some. This is where a professional company can help talk you through the process and answer any questions that you may have as well as take you from start to finish. For an Equity Release Solicitor, contact Tivoli Legal

Equity release is still associated with expensive and inflexible contracts that lock clients in for life with no options to move or transfer, and high penalties for repayment and the interest compounded leaving little left for inheritance. However, this is no longer the case and many homeowners can find a good deal with an equity release specialist.

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Equity release is regulated and supervised by the Financial Conduct Authority. This is the first thing that a client should know before deciding to release cash from their property. Growing competition has led to more lenders offering flexible and diverse deals. Equity release is safer now than in the past, but clients need to get expert advice before deciding if it’s right for them.

Roman Moss

Roman Moss works in business development and regularly contributes to blogs around the web with advice, tips, and strategies for small business marketing and promotion. Even when he’s not in the office Jake is thinking about new marketing tactics and techniques. He just can’t get enough!

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