The equity release market has grown strongly over the last few years and further growth for the product looks to remain favourable despite the recent slowdown in the housing market.
However, despite over 54,000 people taking advantage of equity release last year alone, there are still many misconceptions out there about the product with only one third of the market claiming to have a good understanding of what equity release is and how it works.
To clear up some of the confusion, we’ve detailed some of the most common misconceptions below with some true and false statements.
If you’d like to find out if you qualify for equity release, click here.
Below are 2 case studies that highlight areas where people have benefited from equity release products and professional advice from an independent expert.
*Rates taken from https://www.equityreleasesupermarket.com/compare-deals.
** Gov rent a room scheme: https://www.gov.uk/rent-room-in-your-home/the-rent-a-room-scheme.
*** Numbers taken from Key’s quarterly & annual market reports: https://www.keyadvice.co.uk/about/market-monitor
Equity Release Expert is a trading name of Digital Roo Ltd. https://www.equity-release-expert.co.uk is a website solely used for marketing and no advice is provided directly from this site. Equity Release Expert introduces you to a suitable Partner that can help give you individual advice and match you to the right solution for your personal circumstances, we are paid a fee for the introduction.
There may be a fee for mortgage advice only if you decide to proceed. If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay. The exact savings you could make from remortgaging & equity release will vary depending on your circumstances.
Calls may be recorded for training purposes. The lender and or broker may charge a fee of 0% up to 7% on your loan.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.
Nothing on this website constitutes financial advice. However, we do look to match you with the right financial advice so you can speak to a qualified financial advisor. This website provides information only, and the choice of product is for you alone to choose. As an introducer we process the information you provide us and we may pass this onto our trusted third party lenders and brokers. All credit is subject to you being a UK resident, aged 18 or over and subject to your personal circumstances. All lenders operate responsible lending policies and as such credit is subject to status and affordability.
We will sometimes use testimonials or case studies from our clients or partners and publish these online, including on social media. When we do this, we often use actors to present the content that we have received from real clients or partners.
This site is not affiliated with or endorsed by Facebook™ in any way. Facebook™ is a trademark of Facebook Inc.
Please wait while we process your payment...
Please wait while we redirect you...