One of the big myths about equity release and lifetime mortgages is that you will receive a valuation of your property that is unfair, a poor reflection or biased in favour of the lenders.
However, this couldn’t be further from the truth. To proceed with a plan, there must be an independent valuation carried out from a chartered surveyor. The surveyor has no interest in valuing up or down your property and is chartered, ensuring they have a reputation to maintain as a fair expert.
At Responsible, we can challenge any valuation which you don’t think looks right and we use comparables from the surrounding area to do so. At no point does the equity release lender ever value the property themselves.