Finding a suitable Equity Release Adviser in 2023 (How to get expert advice)

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Mature couple using a laptop while relaxing at home Comparing the best Equity Release companies available on a laptop

Author Paul Murphy

Updated January 2023

 

Equity Release Advice

 

As demand for equity release increases, homeowners are looking for expert advice with a company you can trust. 
 

Lenders require applicants receive advice from a qualified equity release advisor who will discuss all your options including any impact on means tested benefits and will explain the alternative options for consideration before making a recommendation.

Later Life Finance provide a whole of market, independent broker service for equity release lifetime mortgages. They are directly FCA authorised and specialise in lifetime and retirement mortgage lending from the best equity release companies available. 

Your adviser will carefully explain each lenders terms to ensure they are flexible enough for your objectives.

Request an equity release calculation and book a free consultation to discuss your options to help you decide if equity release is suitable for your requirements, or simply read our free guide.

 

Finding Equity Release Advisers Near Me

 

Later Life Finance provide expert advice to homeowners across the UK. 

Access to our qualified, Equity Release Council registered equity release advisers will ensure you receive independent, expert advice. Advice can be provided by telephone, video call, or in person. 

Dealing with an adviser with access to the whole equity release market will also enable you to access all companies and schemes available, which will help match your requirements with the most appropriate solution available and the best provider and plan for your needs, on an impartial basis.

Equity release has evolved into a viable, mainstream later life mortgage product.

With 40 thousand interest-only mortgages maturing per year over the coming decade*, a safe and flexible solution now exists for homeowners to remain in their homes if downsizing isn’t preferable, and to access tax-free equity for retirement, wealth distribution by gifting an early inheritance to family, for aspirational purposes, or simply to help homeowners meet the increasing costs of living.

Request an equity release calculation and book a free consultation to discuss your options to help you decide if equity release is suitable for your requirements, or simply read o./u”r free guide.

 

A senior couple discussing their options for gifting equity release funds to reduce their inheritance tax

What is The interest on Equity Release? (Top interest tips for 2023)

Watch this space, this article is due shortly

What Happens When Your Interest-Only Mortgage Ends?

When your mortgage term is ending, your current mortgage lender will require a repayment plan. Assuming there are no repayment methods available, firstly, they will discuss the option of converting your lending to a repayment mortgage, however this option can prove expensive compared with interest mortgage payments.

Secondly, mortgage lenders will ask you whether you have considered downsizing, and thirdly they may suggest considering a later life mortgage, such as a lifetime mortgage.

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