Equity release adverts on telly

In my opinion, there are far too many of these adverts selling equity release on the telly.

I would warn people to be careful when talking to these companies who sell this product so hard –

In the right circumstances this product can be the best way to deal with some financial issues and for some people it is absolutely the right thing to do but it should be looked at with care and will the full facts both the pros and the cons and based on a starting point of ‘there might be an alternative way’.

Equity release reduces the ultimate inheritance available to a family in favour of the company selling it and it reduces the amount of money available for ‘care’ in old age – it is not necessarily right just because it is available.

ABOUT THE AUTHOR

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Woody Snapper

Woody works with individuals and business' looking for corporate finance, high net worth mortgages, complex loans, bridging loans and development finance.

To contact Woody.

Tel: 07922 413586

or

Email: woody@veracityfp.co.uk