It’s fair to say that the term ‘Equity Release’ tends to be associated with some horror stories from the past.
However, this market has evolved and Lifetime Mortgages are now considered a more mainstream and certainly heavily regulated product.
There are many more features and options available such as
- The ability to service interest (and therefore avoid rolled up interest)
- A ‘No Negative Equity Guarantee’ (so you will never owe more than your property value)
- A ‘Protected Equity’ feature – meaning you can secure an inheritance for your beneficiaries
However, before you even consider this type of finance, you need to consider –
- Whether raising any finance is the right approach for you
- If so, what is the best way to do it
This is where we come in.
At Symmonds de Lacey, we provide impartial mortgage advice and work entirely on your behalf.
If later life lending is right for you, we will make sure that you get the right solution for your needs.
