By 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 [...]
First of all, going through a divorce is never easy. However, taking sound independent financial advice early on can make a real difference. For example, a split where one party gets the home and the other get the cash and investments may seem fair at first. However, the fall out may be that one party is [...]
By Darren Amos, Independent Financial Adviser and Equity Release expert. We’ve all heard horror stories about Equity Release and how people have lost everything, but are they true? To be brutally honest, the answer is probably yes…. or at least it used to be. Like most things in life, most schemes were perfectly suited to clients [...]
By John Cossons, Equity Release Adviser. This article is based on a recent equity release case that I completed. A 71-year-old client of mine had sold her property and was looking for a new house closer to her family. In an ideal world, she would have loved to buy a bungalow. However, she did not have [...]
The housing charity Shelter released a report that showed property prices had increased by more than 43 times from what they were in 1971. They highlighted that this increase was far in excess of year on year inflation. After building up such a high level of equity in their property over the years, homeowners with an [...]
