There are two types of equity release; lifetime mortgages and housing reversal plans. Both are regulated by the Financial Conduct Authority. Excluding yourself, there are usually three parties involved in releasing capital. The capital release advisor, the capital release provider and the capital release agent.
All three parties are involved in the management of their capital release. And they need to have a relevant capital release rating to give advice. The release of capital is safe because the market is regulated by the Financial Conduct Authority (FCA). This means that there is significant consumer protection, whether you choose a life mortgage or a home reversal plan.
All providers and capital release advisors are regulated and supervised by the Financial Conduct Authority (FCA), which regulates and protects to ease your mind. Our eligibility calculator is FREE and easy to use. Just fill out the form below. The release of capital is fully regulated by the Financial Conduct Authority (F, C, A.
In addition, Money Release Limited only recommends lifetime mortgages for Equity Release Council members, ensuring that all plans meet the latest standards. Since there are no monthly payments to make with a capital release plan, it is impossible to fall behind on payments, and therefore it is impossible to lose your home. You are guaranteed to stay in your home until you die or move to a permanent long-term care home. Capital release plans are portable, meaning you are free to move at any time (subject to the provider's criteria) or stay on the property for as long as you choose.
Many clients are concerned about leaving an inheritance to their loved ones after their death. We offer plans that ensure that a percentage of your home is protected for the purpose of inheritance planning, so you can be sure that your wishes are met. The amount of money available will depend mainly on the value of your home and any outstanding mortgages you may have. We offer a free initial consultation and can advise you based on your individual circumstances.
If you have more questions, why not talk to one of our qualified advisors? To understand all the characteristics and risks of a Capital Release plan, request a custom illustration. Andy is a qualified equity and mortgage release advisor, specializing in financing more than 55.Our capital release calculator offers INSTANT RESULTS and NO PERSONAL DATA REQUIRED. If you don't want to move or downsize, the capital release allows you to stay in your home until you die or move permanently to a care home. The Equity Release Council sets standards of principles that all its members must adhere to, and these rules have made the release of capital much safer for consumers.
To find out how much tax-free money you could free up and receive a free guide to freeing up capital, use the calculator provided by Responsible today. Switching to a new mortgage can help you free up some of your home's equity, providing a useful source of cash. With this, homeowners can convert the money they release into a guaranteed lump sum, a reserve from which they earn in stages, or a regular income. If you have taken out a capital release plan, you may be concerned that selling your home is not an option.
As long as your property meets your provider's equity release criteria, you may be able to move out and take your plan with you. Your advisor can customize your capital release plan to secure an inheritance if needed. Companies that sell capital releases have to give you some important information to help you decide if you should participate in a plan. Talking to friends and family helps, but advisors in releasing capital are the people who can best evaluate your options.
The Equity Release Council is a trade body that represents its members in the capital release industry. Regulating the release of capital can be a complicated issue, here's how the different parties involved are regulated. . .