Equity Release AdviserBy John Cossons, Equity Release Adviser.

As an Equity Release Adviser, when I first talk to clients about equity release they generally have three main concerns.

I don’t want to lose ownership of my house.

Taking out a Lifetime Mortgage does not affect the ownership of your home. The property remains yours and the mortgage, plus any accrued interest, only needs to be repaid once the property stops serving as your primary residence. If it is a joint mortgage this will be when it stops serving as a primary residence for both of you.

I don’t want to end up owing more than the value of my home and leave my next of kin a debt.

The ‘No Negative Equity Guarantee’ available with all Equity Release Council approved lifetime mortgages, ensures that your estate will never owe more than the value of your property. Once the property ceases to be your primary residence and is sold, the sale proceeds are used to pay off the Lifetime Mortgage, plus any interest that you have chosen to roll up. Once the loan has been repaid, any remaining funds will be paid to you or your estate based on the instructions in your Will. In the unlikely event that the property sells for less than the amount of the loan, the remaining balance will be written off.

I am concerned that I won’t be leaving my next of kin any inheritance at all.

The guaranteed inheritance option offered by some lenders will ensure that your chosen percentage of the future value of your home will be protected. This will allow you to release some equity now. This may be to repay debt, help with your income or family matters and still leave a chosen percentage of the sale proceeds of your house to your next of kin.arrange a call back logo for Equity Release Adviser

If you would like to find out more about Equity Release.

If you would like to contact me I will be more than happy to see if equity release is right for you. It is not right for everyone and other options may be more appropriate. You need to be 55 years old or older and own your property.

Meetings can be at a time and location that is convenient for you. This could be at your home. You may wish for members of your family to attend the meeting as well.

The meetings are at our expense and without obligation. Only if you choose to proceed and your case completes would a fee of £895.00 be payable. This fee can be paid by your solicitor from the funds released.

Why not book your free consultation today?Equity Release Adviser member of Equity Release Council

I work from our office in Kettering.  However, I also, make use of meeting rooms in-

  • Towcester
  • Wellingborough
  • Corby
  • Thrapston
  • Market Harborough
  • Rushden

I am an active member of the Equity Release Council and work to their professional standards.

If you have any thoughts or comments about this article, “As an Equity Release, the top 3 questions asked”, then please let me know.

Home of FCA who regulate Equity Release Adviser


These products are lifetime mortgages or home reversion plans. Equity released from your home will be secured against.