Equity Release
Important factors to consider for Equity Release
There are some important key points which you must be clear about before taking any equity release plans:
• These equity release schemes such as home reversions and lifetime mortgages are regulated by financial service authority.
• While choosing the equity release schemes, you must be aware of the fact that it must not exceed the value of your property.
• There are other charges involved in the process of equity release such as solicitor’s fees, maintenance fee and surveying fee. You must be aware of these expenses beforehand.
• In case, you are living with your partner, you must go for joint equity release plans.
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