Read on if you are about to take your first step into equity release. Mark Gregory offers advice to a reader on how to get started and how to find a deal to suit their needs
The Question
I would like to take out equity release and I am bit overwhelmed. There are so many lenders and products and I need a bit of guidance.
I see there are a range of rates on offer – are the rates the main thing to consider, or should I be looking at cashback, fees, flexibility? Help!
Mark’s Answer
Hello, I am more than happy to help you and rest assured, with expert guidance and help, there is likely to be a bespoke solution for your personal circumstances.
I agree with you that there are many features and benefits available to you and I have personally witnessed the evolution of the Lifetime mortgage over the last 25 years with the addition of popular flexible features including the option to make flexible payments, drawdown, inheritance, and downsizing protection.
However, a skilled, experienced, and patient adviser like the calibre of adviser we have here at Equity Release Supermarket, will assess your circumstances and make a bespoke recommendation from the whole of the market.
At this stage you can read and obtain valuable information and guidance on the Equity Release Supermarket website and by using the smartER research tool, where you can start to self-build a plan by adding exactly what you are looking for.
This smart intuitive tool will help and provide you with detailed personalised results that are actually available to you. Then when you are ready, you can talk with one of our expert advisers.
Alternatively, simply telephone our freephone number on 0800 802 1051, or use the Livechat facility on our website to begin talking to an expert without obligation. They can advise you over the telephone, face-to-face or by video conferencing – the choice is yours.
Only when you are entirely happy and your adviser has made a recommendation which you accept, will your home be independently valued, and the provider will make you an offer. Once you have discussed and accepted the offer with your own solicitor the application will complete, and the capital raised will be yours.
However, at this early stage, whole of market, friendly expert advice is simply a telephone or click away, and we do not have a call centre so you will talk to an adviser quickly and efficiently.
Meet our expert…
Mark Gregory, founder and CEO of Equity Release Supermarket, is here to answer your questions. Mark is an adviser himself with over 20 years equity release experience.
He launched Equity Release Supermarket 10 years ago and it has grown to become one of the UK’s leading equity release specialists.
Email kate.saines@emap.com to ask Mark a question
