Equity Release Council
Kevin Woods is registered with the Equity Release Council. The Equity Release Council aims to protect the customer by putting safeguards and guarantees in place so that the customer has better knowledge, is treated fairly and is able to confidently decide whether Equity Release is right for them. The members, including lenders, who sign up to the Council, agree to abide by its code of conduct.
Property
The Code of Conduct states that customers have the right to remain in their property for life. However, the customer also has the right to move the plan to another property without penalty if they should wish to do so, subject to lender criteria. These undertakings give great reassurance and peace of mind to all Equity Release customers.
Paperwork
The Code further states that all customers will be provided with clear concise paperwork, which includes all set up costs, house move expenses and changes in house values. The client’s legal work will always be performed by a solicitor of their choice, who is required to sign a certificate stating that the plan and its risks have been fully explained.
Protection
Plans that meet the Equity Release Council standards carry a no negative equity guarantee. Ensuring the amount owed will never be in excess of the property value.
Why not get in touch and see how we can help?
Equity release could be the answer to some of your financial questions. If you would like to know more about it, and see if it could be the right option for you, please book an appointment or request a call-back
Providers include
Equity release will reduce the value of your estate and may also affect your entitlement to means-tested benefits. You should always think carefully before securing a loan against your home.
Unless you decide to go ahead, our service is completely free of charge as our usual advice fee of 1.99% of the amount released would only be payable on completion of a plan, subject to a minimum advice fee of £1499.
A lifetime mortgage is the most popular form of equity release, and is a loan secured against your home that’s typically repaid when you pass away or go into long-term care.
