While equity release isn't a suitable product for
everyone, and requires careful consideration and expertise, it can
be used in a variety of situations beyond financing home
improvements or holidays, and supplementing retirement income. By
broadening their focus, advisers can increase the appeal of the
product. The government's social care cap has generated some
interest in using equity release to cover the costs of elderly
care, but it can also be used to help grandchildren onto the
property ladder or education fees, reduce the cash required to
purchase a new property and even to help cover the costs of a
As younger generations approach some of life's biggest
milestones, such as entering higher education or buying their first
home, equity release can provide a way for grandparents to lend a
helping hand. Equity release can free up cash from their property
allowing grandparents to support their grandchildren as and when
they need rather than in one lump sum in their
With the family home often a couples' only major asset,
it's regularly a contentious issue in divorce settlement
proceedings. While some will be able to use the traditional
remortgage route, it isn't always possible, which is where with the
help of parents, equity release could provide a solution. The
ability to release tax-free cash lump-sums from a property could
help to fund the buy-out of one partner from home.
To ensure advisers are aware of all the potential uses for
equity release its crucial we equip them with the best possible
equity release information. As the elderly population continues to
increase and the economic climate remains volatile, equity release
is becoming more relevant than ever as a financial aid for older
Read all our roles and our responsibilities
- We will communicate in plain English, not legal jargon.
- Clients will receive fair and balanced reports in writing.
- Clients will receive a personal consultation with a suitably
qualified member of legal staff.