Premier Equity Release Club Review in 2024

Premier Equity Release Club does not directly provide equity release products. They may offer alternative options and operate as advisory or referral services, offering access to advice and products from various providers, focusing on personalised service and competitive terms for their members or clients.
  • Last Updated: 17 Apr 2024
  • Fact Checked
  • Our team recently fact checked this article for accuracy. However, things do change, so please do your own research.

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Francis Hui
Will Premier Equity Release Club Be Able to Help You Release Equity From Your Home? Discover What It Does and Whether It Can Help You. Here Is Everything You Need to Know...
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Key Takeaways
  • Premier Equity Release Club offers innovative retirement financing, providing alternatives to conventional equity release schemes through collective investments or membership benefits, sidestepping traditional mortgages.
  • Ideal for those over 55, these clubs leverage community assets and memberships to boost finances without home sales, which can be attractive to retirees looking to enhance their financial situation through creative, non-loan options.
  • Understand the financial perks of club memberships, which offer savings and advantages without relying on loans.

Once you have decided to look into equity release and learned more about it, you may have a follow-up question about which is the best equity release company in the UK.

With so many unscrupulous lenders out there, it’s essential that you do your research to avoid dealing with a provider who is inconsistent with today’s rigorous standards.

This is a great place to start looking for sources of information on equity release.

We have reviewed the information on Premier Equity Release Club to give you all the details on what it offers.

In This Article, You Will Discover:

    Therefore:

    NOTEEvery Investor is an impartial and unconnected third-party information provider via this website, and the details replicated in this commentary represent the opinions of Every Investor only and may not reflect the views or opinions of Premier Equity Release Club. This article must not be interpreted as advice, nor is it a solicitation to conduct transactions in any financial product provided by Premier.

    Who Can Benefit From Premier Equity Release Club?

    Retirees seeking financial flexibility find Premier Equity Release Club especially beneficial.

    Who is the Premier Equity Release Club?

    Premier Equity Release Club distinguishes itself as an independent platform dedicated to supporting financial advisors and solicitors.

    The club’s focus is on offering access to comprehensive resources and a network of professional services within the equity release market.

    This collaborative environment enables its members to find the best equity release solutions for their clients without the club directly offering equity release or lifetime mortgages.

    What Services Are Offered by Premier Equity Release Club?

    The service Premier offers is a platform for all its member advisers to access products and find solicitors.

    The club aims to mentor its member advisers to assist them in the equity release sector.

    As a platform for advisers, it provides access to the following services for free:

    • Assistance from a helpdesk manned by trained equity release experts.
    • Registration pack with both solicitors’ and lenders’ details.
    • Access to the club.
    • Fees from lenders are paid directly to the advisers.

    Why Should You Consider Joining the Premier Equity Release Club?

    You could consider Premier if you are looking for an expert advisor who is qualified to disseminate information regarding equity release to assist you through the process.

    Do note, however, that the information on this site is meant only for intermediaries and not for members of the public.

    The advisers who are members of the Premier are specialists in their field and can utilise the platform to source products from all over the market.

    This means that the advisers are independent and can source the best equity release deal for you from a multitude of lenders, who often provide them with preferred offers.

    They also have access to solicitors who serve as the club’s advisers so that they can assist you with the legal aspect of the equity release process.

    By using an adviser who is an expert and a solicitor specialising in equity release, you can speed up your equity release application significantly.

    What Is Equity Release and How Does It Work?

    Equity release allows homeowners to access their property’s value as cash, without needing to move out.

    What Is Equity Release Mortgage in the UK?

    Equity release allows seniors over 55 to unlock the value in their homes as cash.

    This method offers a way to use your property’s equity, eliminating the need to sell.

    Its unique repayment feature is delayed until the home’s sale, often after the homeowner moves into care or passes away, providing financial flexibility.

    Learn More: UK Equity Release Mortgage

    Does Premier Equity Release Club Provide Equity Release and Lifetime Mortgages?

    No, Premier does not offer equity release itself but assists advisors in sourcing equity release plans.

    By using Premier, you will benefit from independent advice and have a broad range of products to choose from.

    How Does Premier Equity Release Club Stand Out?

    Premier Equity Release Club distinguishes itself with tailored advice and exclusive product offerings.

    How Does Premier Equity Release Club Compare With Other Equity Release Solutions?

    Premier Equity Release Club stands out by offering personalised advice and access to exclusive deals, comparing favourably with other solutions for its tailored service and competitive product range.

    Additionally, their commitment to transparency and customer education sets them apart, providing you with the confidence to make informed decisions about your financial future.

    What Equity Release Scheme Advice Does Premier Equity Release Club Offer?

    Premier Club’s equity release scheme advice is varied, as its advisors source products from a host of later-life lenders.

    Some of the top companies it is affiliated with:

    • Aviva
    • Canada Life
    • Hodge
    • Just Retirement
    • Crown Equity Release
    • Legal and General Home Finance
    • LV= (Liverpool Victoria)
    • One Family
    • Pure Retirement
    • Standard Life Home Finance

    These are all reputable, well-known equity release lenders that offer exceptional schemes.

    What Financial Terms Can You Expect?

    Members can expect competitive interest rates, clear fee structures, and flexible repayment options.

    What Are the Scheme Features of Premier Equity Release Club’s Providers?

    The scheme features of Premier’s equity release providers will depend on the provider you choose, along with the assistance of one of its member advisers.

    The providers it uses are primarily members of the Equity Release Council, so certain scheme features are expected.1

    In general, if we look at lifetime mortgages, the following features are standard:

    • You will receive a no-negative equity guarantee.
    • Inheritance protection should be an available option.
    • Early repayment charges will decrease over five years, after which they fall away.
    • You will be able to release between 20% – 60% of the worth of your home’s market value.
    • The plans are normally available to homeowners in the UK who are aged over 55.

    What Are the Interest Rates for Premier Equity Release Club’s Providers?

    The interest rates from Premier providers will depend on the provider whose services you end up using.

    Generally, interest rates for equity release currently range from 5.25% to 6.30% AER*.

    *While we regularly review our rates, these may have changed since our last update.

    What Fees Does Premier Equity Release Club Charge?

    Premier Equity Release Club charges fees for advice and arrangements that are detailed upfront, ensuring transparency and value for their comprehensive equity release services.

    On the other hand, the fees for equity release arranged by one of the member advisers will depend on the provider that has been recommended.

    Equity release fees normally range from £1,500 to £3,000.

    Feedback and Member Experiences

    Positive testimonials highlight the club’s impactful advice and supportive customer service.

    What Are the Pros and Cons of Joining the Premier Equity Release Club?

    There are both advantages and disadvantages to using Premier, such as the fact that it is a club for advisers, so you will receive independent advice, but it is not a direct lender.

    More information:

    What Are the Benefits of Premier Equity Release Club?

    The pros of Premier include the fact that it provides independent advice.

    More pros:

    • Club advisers are equity release specialists, which means you will get the best results.
    • The advisers have access to club solicitors who are also equity release specialists, which can significantly speed up your application process.
    • You get access to the whole market and its products through leading lenders.
    • Advisers must be qualified and continuously train through the club’s programmes.

    What Are the Drawbacks of Premier Equity Release Club?

    The cons of Premier Equity Release include that you can only access its service via one of its member advisers.

    More cons:

    • Premier is a club for financial advisers and not for members of the public.
    • If you prefer a product from a different lender to the ones Premier Equity Release Club’s advisers use, it may be challenging to do so.
    • You must use one of the member advisers if you want to go through Premier.

    What Success Stories Can Members Share About Joining Premier Equity Release Club?

    Members often share how joining Premier transformed their retirement planning.

    One common thread is the significant financial relief they experienced, enabling them to fully enjoy their retirement years without financial stress.

    From renovating homes to funding dream vacations, members highlight the club’s role in realising their post-retirement dreams, thanks to the expert advice and flexible equity release options provided.

    What Do Customers Say About Premier Equity Release Club?

    Here are customer reviews of Premier for you to review.

    • Premier Equity Release Club reviews from Trustpilot.

    How Was Premier Equity Release Club Reviewed?

    We compiled this guide on Premier by gathering all the relevant facts from the market and adding this to our independent hub of information for you, the reader, to access.

    Addressing Concerns and Enhancing Member Satisfaction

    The club proactively addresses feedback to improve services and enhance member satisfaction.

    What Are Common Complaints About Premier Equity Release Club?

    As Premier is not a financial provider, if you have a complaint about one of its members, be it a solicitor or an adviser, you will need to address your complaint to them directly.

    How Does Premier Equity Release Club Address Common Complaints and Ensure Member Satisfaction?

    Premier takes member feedback seriously and addresses complaints swiftly and effectively.

    They have a dedicated team to resolve issues, ensuring that every member’s experience is as smooth and positive as possible.

    By focusing on continuous improvement and prioritising member satisfaction, Premier maintains high standards of service, demonstrating their commitment to their members’ well-being.

    Tools and Resources Offered by Premier Equity Release Club

    The club provides calculators and guides to help members understand equity release options.

    Is There an Equity Release Calculator Available with Premier Equity Release Club?

    No, Premier does not have an equity release calculator available to the public; however, it does have a calculator for advisers.

    If you need a reliable equity release calculator, you can use ours here for an approximation:

    What Are the FCA Details for Premier Equity Release Club?

    Premier is not a registered financial provider, so it does not fall under the FCA’s regulation.

    Find its website here:

    Premier Equity Release Club

    What Is Premier Equity Release Club’s Registration Number?

    Companies House Number:  09960866

    Where Is Premier Equity Release Club’s Companies House Link?

    Companies House Link: Companies House Link

    Getting in Touch and Final Thoughts

    Contacting Premier Equity Release Club is straightforward, offering clarity and closure for prospective members.

    How Can You Contact Premier Equity Release Club?

    • +44 121 296 9987
    • helpdesk@thepremierequityreleaseclub.co.uk
    • 96, Burman Road, Shirley, Solihull, B90 2BQ.

    Common Questions

    What Benefits Does Joining Premier Equity Release Club Offer?

    How Do You Join Premier Equity Release Club?

    What Risks Are Associated with Premier Equity Release Club?

    What Fees Are Involved When Joining Premier Equity Release Club?

    Is Joining Premier Equity Release Club the Right Choice for You?

    Does Premier Equity Release Club Belong to the Equity Release Council?

    Who Is the Owner of Premier Equity Release Club?

    Is Equity Release Offered by Premier Equity Release Club?

    How Safe Are Premier Equity Release Club's Equity Release Providers?

    Concluding Thoughts on Premier Equity Release Club

    If you are a retiree looking for an equity release plan, you will need an experienced financial adviser to assist you.

    Choosing an adviser who is a member of Premier Equity Release Club may be a good idea, as they will be able to offer you top providers’ products.

    They also have access to experienced solicitors, a fact that could speed up the equity release process.

    We always recommend that you seek financial advice before making any decisions.

    The features mentioned and the amounts raised, are subject to the lender’s criteria, terms, and conditions. These may take into account the age, health, and lifestyle factors in order to provide an enhanced amount. To understand the features and risks, ask for a personalised illustration.

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