Which is the best Equity Release Scheme?
If you are considering a lifetime mortgage it’s important choose a company that is a member of the Equity Release Council so you know they abide by their rules and you are protected.
There are currently 12 providers registered with the Council (listed below); you may not be familiar with all of their names but that shouldn’t be of concern as you have the reassurance of the ERC’s seal of approval, ensuring all the safeguards are in place.
You will then need to seek professional advice to help you compare the market and decide whether equity release is a good idea for you. This can be done either through an equity release qualified IFA or an independent broker.
The benefit of using an independent broker is that they will compare equity release plans across the whole of the market and not just individual companies, which in turn will give you a much broader view of the best and most suitable company for you.
Having reviewed the market, we have chosen to team up with leading award winning specialist, Age Partnership. They offer initial free no obligation help and advice, are able to compare the whole of the market and because of their prominent position, have agreed preferential rates with leading lenders that you may not be able to get elsewhere.
They can talk through your requirements, compare leading providers all of whom are members of the equity release council, review the best equity release interest rates and help you decide on the right scheme for you.
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