It's always nice to be quoted in the press! 2021 was a huge year for our industry. Activity up 24%, borrowing up to £4.8Billion, and more wealthy homeowners seeking our advice. mortgageintroducer.com/erc-e… via @MortgageChat@Equity_Council
@KFFinance
My latest article for Country Life looks at how property can help create a legacy for wealthy homeowners. It's a 4 minute read. Please do take a look. knightfrankfinance.co.uk/new…
The stigma around Equity Release is still quite high, and understandably so. However it’s time now to take another look as so much has changed ( The plans , regulations etc) and the consumers today are offered a much improved product.
Why release equity when you can
1. Use your savings
2. Ask your family
3. Get a traditional mortgage
4. Ask for a government grant
5. Obtain a bank loan
6. Debt management plan
Etc..etc..
Exploring alternatives is part of the equity release advice process ..
“We expect the need for ERMs to increase as pensioners look
for an alternative source of income to supplement their defined contribution savings”. Read more on the future of equity release mortgages: theactuary.com/2021/04/30/ho…
Legal & General trials equity release fixed early repayment charges -
mortgagesolutions.co.uk/news… Legal & General is trialling the use of fixed early repayment charges for its equity re...
What do people use Equity Release?
Holidays
Gifts
Purchases
Home Improvements
Estate planning
Always seek advice from a qualified professional.
#EquityRelease
“If I release equity I won’t lose my home “
This is a misconception.
If you would like to know more, speak to a whole of market adviser.
#equityrelease