Who might equity release not perhaps be suitable for?


Without further consultation and discussion from an FSA authorised IFA about the different types of equity release schemes and home reversion plans along with your needs, requirements and plans for the future, it is difficult to deem whether equity release is suitable for someone. However, it is a bit easier to deem whether you aren’t suitable for one of the plans. The most important rule of thumb when deeming suitability is whether or not the applicant is both willing and able to move to a smaller and less expensive house. Sentiment plays a big role in this and often applicant’s want to remain in the house they know and love. However, if they feel that moving house is no big deal then this is might be an alternative way to release equity.

Responsible Equity Release is a trading style of Responsible Life Limited. Responsible Life Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (https://register.fca.org.uk/) under reference 610205. Only if you choose to proceed and your case completes will Responsible Life Limited charge an advice fee, currently not exceeding £1,490. A lifetime mortgage may affect the value of your estate and your entitlement to means-tested state benefits. Our adviser will talk you through this and the setting up costs before you make any decision to proceed.

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