Equity Release – What help will you need?

When taking out an equity release product on your home, you want to make sure you get as much help as possible.  You also want to find out from your advisers how much support and advice they are going to give you. For example, your adviser should be giving you advice as to how state benefits are potentially affected, if you take out an equity release scheme.

You will also want an adviser that gives you ongoing support after the equity release has been sorted out. You may have further questions or information sent from the equity release provider that you need clarification or advice on.

You will also need a solicitor when you are taking out an equity release scheme and you should ensure that the solicitor has experience in dealing with these products so that the legal aspects are taken care of professionally.

Finally, you should do your own homework so that you have some knowledge about equity release. A great place to start is the Financial  Services Authority (FSA) website for consumers http://www.moneymadeclear.co.uk I have included a link below to the equity release pages on this website. http://www.moneymadeclear.fsa.gov.uk/products/equity_release/equity_release.html

To ensure you get the right advice contact Thompson Financial Consulting Ltd where we have an equity release specialist to help you now and to give you ongoing advice and support.

Equity Release refers to Home Reversion plans and Life Time Mortgages – To understand the features and risks ask for a personalized illustration.

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