| What can equity release do for me? |
| Before you get started you should consider some of these questions: Is your retirement income lower than you’d like it to be? Would you like to top it up to make your retirement more comfortable? |
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| What should I bear in mind? |
| Before you decide to take things further, you should bear some things in mind. For example, there might be more appropriate, ways to raise money than equity release. |
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| How does equity release work? |
| There are two types of equity release scheme available in the market, with several variations on each. The lifetime mortgage involves taking out a new loan secured on your property, and the home reversion plan involves selling a share of ownership of your property. |
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| Is equity release safe? |
| Equity release schemes such as home reversion plans and lifetime mortgages are regulated by the UK Government’s Financial Services Authority – which offers those seeking to release equity from their homes, considerable protection. |
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| Should I take professional advice? |
| Taking out any equity release product is a major decision that will have bearing on the rest of your life. You should always seek the guidance of a financial adviser to confirm that equity release is the appropriate solution to meet your financial needs. |
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| Where can I go for more information? |
| If you’d like to do some more research before talking to a financial adviser, the following organisations have information on equity release for you to read. |
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