At Burton & Fisher, we offer specialist equity release advice in Lancaster to ensure that our clients understand the advantages and disadvantages of this tactic.
Your home is likely to be your biggest asset, and unlocking its value is a tempting proposition, especially as house prices rise. However, equity release is not a contract to be entered into lightly; it has disadvantages as well as advantages, and these must be fully understood.
Helping You to Understand Your Equity Release Options
When providing equity release advice in Lancaster, we aim to ensure that you’re fully aware of the potential pitfalls. Equity release schemes are generally designed to be lifelong commitments, so you need to be absolutely certain that it’s right for you. Whilst it can unlock money from your home, it may reduce the amount you have to leave to your heirs, and may affect your rights to means-tested benefits.
As equity release is generally aimed at older homeowners, who may be vulnerable, and the client’s family should be involved in the decision wherever possible. An independent solicitor should also be instructed to explain the advantages and disadvantages of the product separately from the adviser.
Lee Fisher holds the specialist ER1 qualification, allowing him to offer advise on equity release products including lifetime mortgages and home reversion plans.
There may be a fee for equity release advice. The precise amount will depend on your circumstances, but for most clients we estimate that it will be £499.
Contact Us for Equity Release Advice in Lancaster
If you are looking to release the value in your property and are looking for clear and impartial equity release advice in Lancaster or the surrounding areas, get in touch with the Burton & Fisher team.