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What else should I think about when considering Equity Release?

Considering equity release

This website has covered many common questions about equity release.

There are just four more things we would like to mention:

  • Always consider the impact that equity release might have on
    your entitlement to means-tested state benefits. ERIC’s advisers are trained to help you with this.
  • If you have close family, make sure you discuss the recommendations with them. Your decision will affect their inheritance or indeed the support they give you now.
  • Make sure that you feel comfortable with the safeguards being offered with an equity release plan. We have described the safeguards that come with an ERIC recommendation in the previous section.
  • Never invest in any product you don’t understand.

And, don’t forget, always Ask ERIC . Never be afraid to ask a question that will help you understand how these Equity Release schemes work. There is no such thing as a stupid question when it comes to organising your future financial wellbeing.

To discuss Equity Release with an impartial adviser, call freephone 0800 077 6885. You can also try our online equity release calculator.