Actually, nothing could be further from the truth. This idea is an outdated consequence of the terrible products sold by commission driven salespeople in the 1990’s. Today’s equity release market couldn’t be more different.
Hello, my name is Richard Jeffcock. I am a fully independent equity release expert. I specialise in the Cotswolds and surrounding areas. If you are not familiar with modern equity release options, this may help:
YOU RETAIN 100% OWNERSHIP OF YOUR HOME AND DO NOT HAVE TO MOVE OUT OR PAY RENT
INTEREST RATES CAN BE LOWER THAN PERSONAL LOANS AND MORTGAGES
YOU CAN PAY BACK THE AMOUNT BORROWED IN FULL OR IN PART
EVEN IF YOU DON’T PAY A PENNY BACK AND LIVE FOR ANOTHER 75 YEARS THE OUTSTANDING LOAN WILL NEVER BE MORE THAN THE VALUE OF YOUR PROPERTY
YOU CAN POTENTIALLY DRAW FURTHER AMOUNTS WITHOUT PAYING ADDITIONAL FEES
So, why not enjoy some of your equity now. Perhaps you want to buy a new car, have a holiday, improve your home, help family members or reduce inheritance tax. (**sentence in red please Jan**)
I offer all of my clients a free and friendly chat and am happy to answer any questions. Please call me on 07809 462165 or 01793 272082.