Turning to illegitimate sources for equity release advice could end you up in much trouble. Luckily, some fantastic advisory channels available in Jan 2022 provide accurate and up-to-date equity release information.
Run by an award-winning financial adviser, is Equity Release Supermarket a safe space to receive some of the best advice on the equity release market?
Through this article, you’ll discover:
- What is the Equity Release Supermarket?
- The services they offer.
- If Equity Release Supermarket will provide the advice you need.
At EveryInvestor, our primary goal is to help you determine the best possible equity release solutions. Therefore, we have combed the entire market, looking for top providers to guide you along your journey.
Here’s what we discovered about Equity Release Supermarket!
What is Equity Release & How Does it Work?
Equity release is a financial product that gives you, a UK-based homeowner above 55, to gain access to the equity that’s tied into your property value. The money can be released in a lump sum, placed in a drawdown facility (with an initial lump sum) or be paid in a monthly salary. The loan and (for a lifetime mortgage) compound interest are repaid through the home’s sale when the homeowners die or go to long-term care.
Full article: What’s a Lifetime Mortgage?
What are the Most Popular Equity Release Products in Jan 2022?
The 2 most popular types of equity release in Jan 2022 are a lifetime mortgage and a home reversion scheme, with a lifetime mortgage being vastly more popular.
What’s a Lifetime Mortgage?
A lifetime mortgage is finance secured against your primary property that you take out while keeping ownership. Individual or couple’s plans can be unlocked when the youngest homeowner is 55 years old. The home is sold, and the money from the sale is used to pay off the loan when the last borrower dies or enters long-term care.
Detailed information: What’s a Lifetime Mortgage?
What’s a Home Reversion Scheme?
With a home reversion scheme, you may sell all or part of your property at a price less than market value in return for a tax-free lump sum, a regular income, or both – but you stay as a tenant and pay no rent. The lender will receive their share when the house is sold upon the death or move to long-term care of the last homeowner.
Find out more: What’s a Home Reversion Scheme?
Why Get Equity Release Advice?
It’s vital to get equity release advice because releasing equity is a huge decision that shouldn’t be taken lightly. Reliable resources and professional financial advisers will help you determine if equity release is the best option for you and your family and which products you should consider.
Interesting read: Why You Must Seek Top Equity Release Advice
An Introduction to Equity Release Supermarket
Equity Release Supermarket® was started by Mark Gregory in 2008 and has since become a highly reputable equity release consultancy business,1helping thousands of people to achieve financial freedom through equity release.
What Services Do They Offer?
Equity Release Supermarket is purely dedicated to providing top-notch equity release advice. With over 20 years in the industry, Mark Gregory is an expert in his field. They have a large team of member advisers (who are also members of the Equity Release Council), so you should be able to find someone in your area.
What is the Cost of Using Equity Release Supermarket?
The standard fee you will pay for advice with Equity Release Supermarket is £995.
How Do I Know if Equity Release Supermarket is Right For Me?
You will know if Equity Release Supermarket is right for you if they have a few advisers in your area to choose from. We always recommend that you speak to more than one adviser to find the best fit. After all, an adviser will be guiding you through a major decision.
Not What You’re Looking For?
If Equity Release Supermarket is not for you, continue browsing through our comprehensive list of leading equity release vendors; your financial future depends on it.