Equity Release Advice, What You Need to Know
This guide explores the importance of seeking professional advice before considering equity release.
Why Equity Release Advice Matters
Equity release can be a complex financial decision, and professional guidance can ensure the best choice for your circumstances. Here's why seeking advice is essential.
Choosing the Right Age
While available from age 55, borrowing amounts increase significantly at older ages. Delaying equity release can minimize interest compounding. Flexible repayment options can help manage interest accrual. A specialist advisor can guide you through this critical decision.
Finding the Right Plan
Unlike traditional mortgages, the lowest interest rate may not be the best option. Equity release plans offer various features and options. Consider inheritance, future repayments, and potential health benefits. An advisor can assess your needs and find the most suitable plan.
Maintaining Means-Tested Benefits
Equity release may affect eligibility for certain benefits like Pension Credit. Understanding the impact requires a nuanced analysis of your situation and the chosen plan type. An advisor can provide guidance on claiming and potentially keeping your benefits.
CompareRelase.com Expertise
Our team of experienced advisors will explore all options and recommend the best fit for you. We prioritise impartiality and providing comprehensive information to support your decision.
Taking the Next Step.
Contact CompareRelease to connect with a local advisor who can address your specific questions and needs.