What is Equity Release? | What you need to know from your financial advisor... | Everything you need to know about Equity Release in the UK


Here are some important questions to ask your financial adviser, to make sure their advice is impartial and specialist (don’t be afraid to ask these questions; your adviser must, by law, give you the answers as part of their ‘Initial Disclosure’ information about themselves).
Whose products do you offer? Will you give me advice and make a recommendation? What will I have to pay you? What types of equity release scheme do you advise on? How many equity release products do you advise on? How many clients have you advised on equity release? If you charge me a fee, and I don’t go ahead with the equity release scheme, will you refund the fee? Who regulates you? (your adviser should be authorised by the FSA for other business they do.) What do I do if I have a complaint? Are you covered by the Financial Services Compensation Scheme?
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