Equity Release Supermarket Reviews (Updated 2022)
Turning to illegitimate sources for equity release advice could end you up in much trouble.
Luckily, some fantastic advisory channels available in Aug 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?
As experts in our field, we discuss the following in this article:
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!
Before You Start Reading….
Let’s See How Much You Can Release 👇
What is Equity Release & How Does it Work?
Equity release is a financial product that gives you, a UK-based homeowner above 55, the opportunity 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 facility1 (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.
Are You Looking for the Supermarket Equity Release Calculator?
Before you consider using the Supermarket equity release calculator, we want you to know that we’ll probably be able to find you a better rate and that means a great saving!
Before You Start Reading….
Let’s See How Much You Can Release 👇
What are the Most Popular Equity Release Products in 2022?
The 2 most popular types of equity release in 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 a loan that offers cash secured against your primary property while retaining full ownership.
Individual or couple’s plans can be unlocked when the youngest homeowner is 55 years old.
When the last borrower dies or enters long-term care, the home is sold and the equity is used to repay the loan.
What’s a Home Reversion Scheme?
A home reversion scheme is when you 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 tenant2 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.
Why Get Equity Release Advice?
You must 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.
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.
Helping thousands of people to achieve financial freedom through equity release.
What Services Do They Offer?
The services Equity Release Supermarket3 offers is 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.
How Did We Review Equity Release Supermarket?
We reviewed Equity Release Supermarket by considering all of its data on the products it offers so that we can give you the most credible information about it.
Equity Release Supermarket Reviews
- Feefo.com Reviews for Equity Release Supermarket
- Reviews for Equity Release Supermarket on UK.TrustPilot.com
- Equity Release Supermarket Reviewed on EquityReleaseSupermarket.com
Supermarket Equity Release Complaints
If you’re dissatisfied with your experience and want to file a complaint, the easiest way to do so is to contact them directly through their website.
They are concerned about their clients’ needs and will refer you to the appropriate department.
Alternatively, you can submit a review on a review site like Trustpilot or Feefo, and they will swiftly contact you to assist.
Supermarket Equity Release Interest Rates
The type of scheme you select will affect the interest rates offered by Supermarket Equity Release.
Depending on your situation, equity release interest rates can range from 3 to 5 percent.
What Are Supermarket Equity Release Fees?
The fees that Supermarket Equity Release charges are market-related equity release fees.
On average, equity release fees are £1,500 to £3,000.
They may also offer you a free valuation; however, sometimes providers charge for this depending on your plan.
What is the Cost of Using Equity Release Supermarket?
The cost of using 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.
Equity Release Supermarket Contact Number
- 0800 802 1051
- Genesis Centre, Science Park South, Birchwood, Warrington WA3 7BH
Is Equity Release Supermarket a Member of the Equity Release Council?
Yes, Equity Release Supermarket is a member of the Equity Release Council.
Who Owns Equity Release Supermarket?
Equity Release Supermarket® was founded by Mark Gregory in 2008. Mark is an equity release adviser and so he understands both the customer journey and how equity release can help change people’s lives. He had a unique vision for the market. The major owner of Equity Release Supermarket is David Anderson, who also has a controlling interest in the business or some of its subsidiaries.
Equity Release Supermarket Jobs?
Equity Release Supermarket have a dedicated jobs page for the opportunities it offers.
Does Equity Release Supermarket Do Equity Release?
Yes, Equity Release Supermarket does equity release.
Is Equity Release Supermarket Equity Release Safe?
Yes, they’re a member of the Equity Release Council and follow their guidelines. They’re also FCA regulated.
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.
If you’re looking for Supermarket equity release and want the best rate use the form below.
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Editorial Note: This content has been independently collected by the EveryInvestor team and is offered on a non-advised basis. EveryInvestor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.